The Malta Gaming Authority (MGA) has unveiled a voluntary Environmental, Social, and Governance (ESG) Code of Good Practice for the remote gaming sector. While participation in the code is optional, MGA licensees are strongly encouraged to adopt it as a means of showcasing their commitment to sustainability and elevating the industry’s ESG standards.
CEO’s Perspective:
Outgoing MGA CEO, Carl Brincat, expressed the regulatory body’s dedication to innovation and progress. He highlighted the MGA’s dual role in supervising and nurturing the gaming industry, emphasizing the importance of ensuring the welfare of society while fostering an environment where operators can thrive.
Structure of the ESG Code:
The ESG Code is organized into three key categories: Environmental, Social, and Governance. It offers a framework for licensees to enhance their sustainability practices and contribute positively to the broader societal and environmental landscape.
Key Features of the Code:
The code introduces two tiers of reporting, allowing for flexibility in certain disclosures, streamlined reporting processes, and a specific focus on ESG reporting. These features are designed to facilitate meaningful and transparent reporting while accommodating the unique characteristics of the remote gaming sector.
Minister’s Endorsement:
Silvio Schembri, Minister for the Economy, EU Funds, and Lands, emphasized the importance of ESG metrics as tools for reducing risk and fostering successful transformation within the remote gaming sector. The ESG code is positioned as an instrument for self-regulation, enabling gaming companies to align with best practices and meet the evolving expectations of key stakeholders.
The introduction of the ESG Code by the Malta Gaming Authority marks a significant step toward promoting sustainability within the remote gaming sector. As companies increasingly recognize the importance of environmental, social, and governance considerations, the voluntary adoption of this code is expected to contribute to the industry’s positive impact on society and the environment. The flexible reporting approach and focused ESG reporting underscore the commitment to transparency and industry-specific relevance.