Risk Management Framework
Robust risk management is a cornerstone in Betsson Group’s continuous efforts for reaching a profitable and sustainable business long-term. Betsson is continuously developing its risk management processes and structures, in line with the Group’s strategy.
In 2020, the Board adopted a Risk Management Policy and Framework that provide a solid foundation in line with best practice, within which risk management can continue to be developed and strengthened within the Group.
Risk Categories
The following are the key risk categories identified by the Board of Directors that collectively represent the main risks to which the Group is exposed as a result of its operations:
| Risk categories | Description |
| Strategic Risks | The risk of economic loss due to adverse business decisions, improper implementation of decisions or lack of responsiveness and adaptation to changes in the business environment. |
| Operational Risks | The risk of economic loss because of inadequate or failed internal procedures, people and systems or from external events. |
| Compliance Risks | Risk of economic loss resulting from failure to comply with laws, regulations, rules, applicable self-regulations, and organisation standards, internal rules and codes of conduct. |
| Financial Risks | The risk of negative impact due to changes in the tax environment, lack of efficient management and control of finances and external financial factors. |
Sustainability
Betsson does not recognise sustainability as a separate risk category. The ambition is to run our operations in a responsible and sustainable way long term, in line with the sustainability framework adopted by the Board of Directors. Please see our dedicated page for Sustainability for further information on our sustainability efforts.