_{Malta Gaming Authority's ESG Approval Seal marks a new era of online gaming. (Image: Ralf Liebhold / Alamy)}

Environmental, Social, and Governance (ESG) is a rising hot topic matter within the gambling industry. Ignore it at your peril. There is no doubt that operators and investors are having to learn more about ESG and its implications for the gambling industry around responsible and sustainable practices.   

The Malta Gaming Authority (MGA) has officially issued its first Environmental, Social, and Governance (ESG) Code Approval Seals to licensees within the online gaming industry. This marks a significant step in the Authority's ongoing efforts to advance responsible and sustainable practices in the sector. 

Online Gaming Companies Provided With Strategic Roadmap

This initiative is a continuation of the MGA's ESG Code of Good Practice, which was introduced as a voluntary framework last year, inviting operators to submit their ESG disclosure returns. It encompasses 19 topics organised under the three pillars of environmental, social, and governance, providing online gaming companies with a strategic roadmap to enhance their sustainability reporting. 

As a result of the inaugural annual reporting cycle, 14 gaming operators have received the ESG Code Approval Seal. 

The Code offers two levels of reporting: Tier 1, which sets foundational ESG standards, and Tier 2, which aims for more ambitious sustainability goals. The approval seals are valid for one year and provide operators with the opportunity to renew and potentially advance their reporting tier in subsequent years. 

Sustainability Integral to Future of Gaming Sector

MGA CEO Charles Mizzi emphasised the significance of this initiative, stating, "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. This initiative sends a clear message: sustainability, in the broadest sense of the word, is integral to the future of the gaming sector."