Go Zero

Reducing our environmental impact
Go Zero

Go Zero is our plan to act on climate and reduce our environmental impact. We have established a goal which has been reviewed and approved by SBTi to reach net zero by 2035.

Goal

NET ZERO

by end of 2035

100%

renewable energy coverage for Scope 2

NET ZERO TARGET

approved by SBTi

*as of the end of December 2023

Our approach

Strategy

As a business, we are committed to operating ethically and sustainably and we have aligned internal processes with the recommendations of the TCFD. We have taken time to understand our environmental impacts by fully measuring our value chain emissions across Scopes 1, 2 and 3. As a result, we have set near and long-term targets in line with climate science and we are investing in technology which allows us to track and report our progress, and our transition plan is in development.

Risk Management

Climate change and climate risk considerations are part of our long-term risk strategy. We conducted a climate change risk assessment at Group level in 2022 and started integrating this at Divisional level in 2023. We are in the process of conducting our climate scenario analysis and reviewing our climate risk and opportunities across our business, and we will roll out comprehensive training across our Group and Divisional risk teams in 2023 and 2024.

Corporate Governance

Flutter’s Board is responsible for overseeing environmental, social and governance (“ESG”) matters, including approval of priorities, plans and targets in respect of ESG, as well as reviews of performance. It is supported by the Risk and Sustainability Committee, which maintains constant oversight of our sustainability strategy, Positive Impact Plan and ongoing risk management.

Road to Net Zero

We plan to reach net-zero emissions by prioritizing the reduction our own (direct) emissions, uniting our colleagues and equipping them with the tools, knowledge and resources to drive action as fast as possible. Of course, protecting the planet goes beyond our doors, with a significant portion of our carbon footprint coming from our value chain. In fact, 99% of our total reported emissions relate to our indirect operations. As these are beyond our 100% renewable energy coverage for Scope 2 net zero target approved by SBTi direct control, we need to work in partnership with our suppliers, utilizing our scale to influence others to change the game for good. To bring this approach together, our Go Zero Plan outlines six action areas that prioritize and direct our efforts on those activities where we can make the biggest difference and have the greatest impact on our emissions reduction. Where we can’t eliminate emissions, as a last resort, we will invest in high-quality carbon removal projects to neutralize all residual emissions in line with SBTi criteria. Together, they form our roadmap to achieve net zero.

Case Studies

Taking bold steps towards environmental sustainability is the right thing to do for the health of our planet. It matters to everyone. Climate action at scale requires a global effort, so we’re playing our part. Our brands around the world are starting to take action to reduce their impact and track their footprint. And we’re committed to leading change in our sector, which means not just reducing our own impact but inspiring others, including our suppliers and our competitors, to do more.

Case Studies

Progress on Climate Disclosure Read more

In 2023, we made progress aligning with the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”), including strengthening our internal processes and conducting a more granular risk assessment of our climate-related risks and opportunities. We conducted climate scenario analysis (“CSA”) across short, medium and long-term time horizons for both risks and opportunities. This process has helped us engage relevant stakeholders internally as we progress towards integrating climate risk considerations in to our risk management and financial planning processes in 2024 and beyond. This work is described in detail in our Annual Report on pages 32-40.

Global Office Efficiencies Read more

In 2023 we reviewed 34 different offices across our global estate, with a view to understand how our offices use electricity, fuel, water and paper, as well as how we manage our waste. With our commitment to reducing our impact from our offices, we wanted to learn directly from those working in those offices, to find out how we can make improvements and efficiencies. We identified areas where efficiency measures and engagement initiatives are already working well, and we plan to share these examples across the group. Overall the project has helped us to engage with our site managers on positive change and understand the areas of change within our control and thus where we can focus our efforts.

Sisal Innovates to Reduce Waste Read more

Sisal has taken part in various innovative solutions aimed at reducing waste in our business.

Through collaboration with ReLearn - a start-up that had participated in GoBeyond, we installed their Nando product, a plug-and-play sensor installed on standard waste bins, ReLearn collects data to analyze waste production and sorting quality rates. We installed the sensors at our most populated office locations: our HQ in Milan, and the ground floor of our Rome office, Viale Sacco e Vanzetti. After two months of installation, the people score (a metric describing recycling quality and community behavior) increased by +22%. After five months, the people score reached +45%.

We also joined the “No Plastic More Fun” collective project promoted by #Worldrise by obtaining the Certification for the Sisal Wincity point of sale in Milan. The point of sale has joined a network of premises committed to not using single-use plastic in favor of more sustainable solutions, including reusable materials and compostable tableware.

In addition, we are piloting solutions reconditioning and reuse solutions for our electrical and electronic equipment. Where possible, reconditioning and donating equipment to other organizations who can still use what we cannot.