The Malta Gaming Authority (MGA) announces it has plans for a voluntary Environmental, Social and Governance (ESG) Code of Good Practice for the online gambling sector.
The code follows the recent launch of a voluntary ESG reporting platform by the Maltese government. This encourages companies to publicly report their ESG performance, driving investment towards what it describes as “sustainable businesses.”
The Common Priorities for the ESG in Gaming
The code will set the priorities for ESG in gaming. These include the needs of key stakeholders, the reduction of environmental, social, and governance impacts, and enhancing Malta’s reputation as a leading gaming jurisdiction.
The MGA adds that the aim of the voluntary code of good practice is to prepare local licensees for upcoming ESG legislation, not to mention derive the benefits tied to running a sustainably conscious operation.
“Looking ahead, we expect to see more and more companies taking concrete actions towards becoming more sustainable,” the authority continues. “We believe that reporting such efforts contributes positively to implementing change within the sector and improving its overall perception, while also addressing the increasing demand for transparency and accountability in the industry.”
As part of this initiative, the MGA has also launched a survey among key partners about the process to create a more sustainable and transparent gaming sector.