In October 2023, Novomatic AG, a prominent player in the gaming technology industry, received a noteworthy upgrade to a “C” rating by ISS ESG, a leading Environmental, Social, and Governance (ESG) evaluator. This elevated rating places Novomatic in the top 30% of the electronics industry, standing alongside global leaders such as Apple, Dell, and HP. ISS ESG’s comprehensive assessment, covering approximately 100 industry-specific indicators, underscores Novomatic’s commitment to environmental, economic, and social performance.
Key Areas of Improvement:
Novomatic’s upgraded rating reflects significant improvements across key areas, including “Employees and suppliers,” “Society and product responsibility,” and “Corporate governance and business ethics.” The company’s commitment to social responsibility and transparent business practices has been a driving force behind its positive assessment.
Leadership Perspectives:
Ryszard Presch, Executive Board Member at Novomatic, highlighted the company’s longstanding commitment to social responsibility, emphasizing conscientious and transparent practices across all business areas. Fellow Board Member Johannes Gratzl expressed delight at the recognition from ISS ESG, emphasizing Novomatic’s extensive sustainability efforts and the achievement of a top rating. Gratzl noted that the company surpasses industry averages in critical areas such as working conditions and standards.
Recognition and Achievements:
The recent “C” rating by ISS ESG adds to Novomatic’s string of successes in 2023. Earlier in the year, the company achieved the highest brand value increase, as measured by the European Brand Institute. These recognitions underscore Novomatic’s position as a standout performer in the industry, showcasing a commitment to excellence and sustainability.
Novomatic’s upgraded rating by ISS ESG solidifies its position among global industry leaders, reflecting the company’s dedication to ESG principles and sustainable business practices. As the gaming technology group continues to prioritize social responsibility and transparency, this achievement serves as a testament to its ongoing efforts in creating a positive impact. Novomatic’s success in both brand value and ESG ratings positions it as a frontrunner in the evolving landscape of responsible and ethical business practices within the electronics industry.