The Malta Gaming Authority stated that it is currently looking at the development of a voluntary code of good governance, environmental, and social practice for remote gaming.
The regulator stated that this will establish common priorities for ESG gaming. This will also take into account the needs of key stakeholders to reduce governance, environmental and governance impacts, while still looking to improve Malta’s reputation.
The MGA also stated that it expected to see “more companies taking concrete steps towards becoming more sustainable” in the future.
“…we believe reporting such efforts contributes positively towards implementing change in the sector and improving it overall perception while also addressing increasing demands for transparency and accountability within the industry,” it was stated.
The MGA launched this survey to find out which licensees are considered “key partners” in the transformation of the gaming industry into one that is more sustainable and transparent.
The regulator said that investors, consumers, and employees are becoming more aware of the effects companies have on society, the environment, and we have seen a growing awareness about ESG matters.
“In this spirit, the Maltese government launched an ESG reporting platform voluntary in recent years to encourage companies to report publicly on their ESG performance. This will drive investment towards sustainable businesses.”
All listed large companies and listed companies must report under the Corporate Sustainability reporting Directive, despite the fact that they are proud of the sector’s progress and acknowledgement of the “good work” done so far.
In an effort to be at the forefront in innovation and forward-looking practice, the MGA set out to create a voluntary code for good practice for remote gaming to guide and prepare local licensees to comply with ESG legislation.