MGA FB

The Malta Gaming Authority (MGA) is exploring the development of a voluntary ESG Code of Good Practice for the remote gaming sector, it announced on Monday.

“As investors, consumers and employees become increasingly aware of the impact that companies have on society and the environment, we have been witnessing growing awareness around Environmental, Social, and Governance (‘ESG’) matters,” the authority said in a statement.

In this spirit, in recent years, the Maltese Government has launched a voluntary ESG reporting platform to encourage companies to publicly report on their ESG performance, thus driving investment towards sustainable businesses.

“While the Authority is proud of the consistent progress of the gaming sector and acknowledges the good work done by its licensees, some of which currently report on ESG publicly, starting from 2024, all large or listed companies will be required to report under the Corporate Sustainability Reporting Directive (‘CSRD’).

“In this context, in an effort to remain at the forefront of innovation and forward-looking practices, the MGA embarked on a journey to develop a voluntary code of good practice for the remote gaming sector to help guide and prepare local licensees for upcoming ESG legislation, and to potentially derive the benefits tied to running a sustainably conscious operation.”

The code will set out the common priorities for ESG in gaming, taking into consideration the needs of key stakeholders, to reduce environmental, social and governance impacts whilst continually enhancing Malta’s reputation as a leading Gaming jurisdiction.

“Looking ahead, we expect to see more and more companies taking concrete actions towards becoming more sustainable, and 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 launched a survey with its licensees who are the key partners in the process of transforming the gaming sector into a more sustainable and transparent one.

Kindly reach out to the Authority at research.mga@mga.org.mt for any queries.

Continue Reading

Gammix Limited slams ‘outrageous and unsubstantiated’ €19.7m KSA penalty

1 March 2024
by iGamingCapital.mt

'The KSA has imposed upon our company a penalty that is both outrageous and unsubstantiated'

IZI Finance generates a pre-tax profit of €323,142 during the final six months of 2023

29 February 2024
by iGamingCapital.mt

An upturn in revenue largely came from operating Malta's National Lottery

EGBA welcomes confirmation of Frankfurt as seat of new EU anti-money laundering authority

28 February 2024
by iGamingCapital.mt

AMLA, which will commence operations in mid-2025 with over 400 staff members, will possess both direct and indirect supervisory powers over obligated entities, including the EU’s biggest financial institutions

‘People who fix things and those with a vision – that’s the fire I’m looking for’

27 February 2024
by Ramona Depares

VentureMax CEO Justin Anastasi reveals bold plans to support innovative tech projects in 2024

See more