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Malta Gaming Authority has issued its first ever ESG Code Approval Seals (Environmental, Social and Governance). This marks a significant milestone in the Authority’s commitment to promote responsible and sustainable industry practice.
This initiative comes after the ESG Code of Good Practice was launched last year. Licensees were invited to submit their ESG Disclosure Returns. The Code covers 19 topics, categorised into Environmental, Social, and Governance pillars. It offers online gaming companies a roadmap to streamline their reporting.
After the first reporting cycle, the ESG Approval Seal has been given to 14 gaming operators. The Code allows for two levels of reporting. Tier 1, which sets foundational ESG Standards, and Tier 2 which is a more ambitious approach.
Seals have a one-year validity, but operators can renew them in subsequent reporting periods. This allows operators to adapt or advance their reporting level year after year.
Charles Mizzi, CEO of MGA, said: “We are confident that this initiative will enhance the industry’s sustainability credentials and reputation.”
By integrating ESG into their operations gaming companies contribute to the well-being of society and environment, but also increase the trust that regulators, investors and consumers have in the sector. This initiative sends out a clear message that sustainability in its broadest sense is essential to the future success of the gaming industry.
