SBC News Voice of the Sports Betting Industry
The Malta Gaming Authority (MGA) has revealed that 14 operators have achieved its new environmental, social and governance (ESG) reporting standard during its inaugural year.
The ESG Code Approval Seals were announced a year ago at the launch of the regulator’s voluntary ESG Code of Good Practice, which invited licensees to submit their ESG disclosure returns.
In detail, the code covers 19 topics and aims to supply a strategic roadmap for online gaming companies to streamline their reporting efforts.
MGA CEO, Charles Mizzi, stated: “We believe this initiative will significantly enhance the industry’s reputation and sustainability credentials.
“By integrating ESG considerations into their operations, gaming companies not only contribute to the wellbeing of society and the environment but also strengthen the trust and confidence that consumers, investors, and regulators have in the industry.”
Furthermore, the authority highlighted how the Code supports two levels of reporting: Tier 1, which establishes foundational ESG standards, and Tier 2, which represents a more aspirational approach.
Seals are valid for one year, with flexibility for renewal in the subsequent reporting period, allowing operators to ‘advance or adapt’ their reporting tier year by year.
Mizzi concluded: “This initiative sends a clear message: sustainability, in the broadest sense of the word, is integral to the future of the gaming sector.”
