SiGMA

Malta regulator initiative to develop ESG in iGaming

Posted: Jan 24, 2023 11:11 Category: Europe , Online , Regulatory , Posted by Lea Hogg

The MGA has announced that from 2024 all large and listed companies will be required to follow a code of practice under the corporate sustainability reporting directive. In an initiative to enhance Malta´s reputation as a leading gaming jurisdiction, and to “remain at the forefront of innovation”, a voluntary ESG code of good practice will be developed for the iGaming sector said the Malta Gaming Authority (MGA).

This will assist licensees in the Malta jurisdiction to be compliant with ESG legislation and to benefit from a sustainable approach to business. The MGA added that the directive to the iGaming sector will apply to all stakeholders to take into account their ESG impact on the community.

MGA launches a survey

MGA added “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.”

In order to raise awareness and promote transparency in the gaming sector, a survey is being conducted by MGA with its licencees and key stakeholders.

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