Listen To Article
The Malta Gaming Authority (MGA) has launched a new environmental, social and governance (ESG) hub on its website, aimed at providing detailed information on ESG reporting for licensees.
This new resource serves as a central point for all information related to the Authority’s voluntary ESG Code of Good Practice. The initiative is designed to help online gaming companies align with best practices and meet stakeholder expectations.
The ESG hub is intended to support online gaming companies in adopting sustainable practices. The ESG Code of Good Practice is an industry-specific framework aimed at enhancing transparency, encouraging ESG reporting and facilitating benchmarking among companies. It aims to work with existing industry efforts and offers a reference for remote gaming companies to regularly assess, report on and improve their ESG practices.
Developed through a process that included peer review, research a materiality assessment, stakeholder interviews and consultations with licensees, the Code covers 19 ESG topics across environmental, social and governance categories.
It reportedly provides a roadmap for online gaming companies to streamline their reporting efforts. The Code includes two tiers of reporting: Tier 1 for basic ESG standards and Tier 2 for more advanced goals.
The Code is intended to be accessible to a wide range of companies. Entities reporting under the Code will receive the MGA’s ESG Code Approval Seal.
The launch of the ESG hub follows several regulatory actions by the MGA earlier this year. These include the cancellation of Tipbet’s operating authorisation and the approval of a recognition notice for St8.io, allowing it to operate within MGA-regulated markets, in addition to the recent cancellation of authorisation for Super7plus and the suspension of Rush Gaming’s authorisation.
