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iGaming.News
Gambling LawSunday, 21 July 2024 · 7:26am GMT · 2 min read

Malta Gaming Authority Launches ESG Hub to Guide Licensees on Sustainable Practices

This resource acts as a central repository for details about the Authority’s voluntary ESG Code of Good Practice.

BWBeth WoodsEditorial Team
Malta Gaming Authority Launches ESG Hub to Guide Licensees on Sustainable Practices

The Malta Gaming Authority (MGA) has introduced a new environmental, social, and governance (ESG) hub on its website to provide comprehensive information on ESG reporting for licensees.

This resource acts as a central repository for details about the Authority’s voluntary ESG Code of Good Practice. The initiative is designed to assist online gaming companies in aligning with best practices and meeting stakeholder expectations.

The ESG hub aims to support online gaming companies in adopting sustainable practices. The ESG Code of Good Practice is an industry-specific framework focused on enhancing transparency, encouraging ESG reporting, and facilitating benchmarking among companies. It is intended to complement 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.

The Code reportedly provides a roadmap for online gaming companies to streamline their reporting efforts, featuring two tiers of reporting: Tier 1 for basic ESG standards and Tier 2 for more advanced goals.

The Code is designed 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, including the cancellation of Tipbet's operating authorization, the approval of a recognition notice for St8.io allowing it to operate within MGA-regulated markets, and the recent cancellation of authorization for Super7plus and the suspension of Rush Gaming’s authorization.

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