MGA issues first ESG Code Approval Seals to licensees

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The Malta Gaming Authority (MGA) has issued its first-ever ESG (Environmental, Social, and Governance) Code Approval Seals to online gaming licensees, highlighting a significant step toward promoting responsible and sustainable industry practices.

This milestone follows the introduction of the voluntary ESG Code of Good Practice last year, encouraging licensees to submit ESG disclosures. The Code, organized around 19 topics under Environmental, Social, and Governance pillars, provides a structured framework for online gaming companies to enhance their reporting efforts.

After the first annual reporting cycle, 14 operators have received the ESG Code Approval Seal. The Code offers two reporting levels: Tier 1, setting foundational ESG standards, and Tier 2, reflecting a more ambitious ESG approach.

Seals are valid for one year, with the option to renew each reporting period, enabling operators to adjust or elevate their reporting standards over time.

MGA CEO Charles Mizzi stated:

We believe this initiative will significantly enhance the industry’s reputation and sustainability credentials. By integrating ESG considerations into their operations, gaming companies not only contribute to societal and environmental wellbeing but also strengthen the trust and confidence that consumers, investors, and regulators have in the industry. This initiative sends a clear message: sustainability is essential to the future of the gaming sector.