The Malta Gaming Authority (MGA) has launched an ESG hub for its licensees

NEWS

This newly launched resource serves as a comprehensive center for information related to 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 is aimed at supporting online gaming companies in adopting sustainable practices. The ESG Code of Good Practice provides an industry-specific framework that enhances transparency, encourages ESG reporting, and facilitates benchmarking among companies. It aims to complement existing industry efforts and offers a reference for remote gaming companies to regularly assess, report on, and improve their ESG practices.

The Code was developed through a thorough process that included peer reviews, research, a materiality assessment, stakeholder interviews, and consultations with licensees. It 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, with 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. Those 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 Super7plus’s authorization along with the suspension of Rush Gaming’s authorization.