MGA Extends Sign-Up Period for ESG Reporting
Due to sustained interest in registering past the original deadlines set by the Malta Gaming Authority (MGA), the regulator has extended the sign-up period for ESG reporting as outlined in the Voluntary ESG Code of Good Practice for the Remote Gaming Sector in Malta.
The Code serves as a specialised framework for reporting with the goal of enhancing transparency and encouraging ESG reporting. Covering 19 ESG areas across Environmental, Social and Governance sectors, this Code offers remote gaming enterprises a strategic blueprint for adhering to best practices. By doing so, companies can effectively respond to the changing expectations of key stakeholders within the sector.
Interested parties now have until Friday, 21 June 2024 to confirm their participation in this initiative by registering through this form. Please note that a licensee will not be able to submit an ESG report covering the reporting period of January to December 2023, unless they complete the registration process via the linked form.
Although participation to report on the basis of the Code is voluntary, MGA licensees are strongly encouraged to register to better showcase their dedication to sustainability and to contribute to the ongoing enhancement of the industry’s ESG profile.
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Related Knowledge Center: Climate economics
Climate change is now a driver of the world’s economy. The impact is profound:
- Catastrophic weather events — hurricanes, floods, droughts, high temperatures — are more frequent and more extreme. The cost can be measured in both the initial damage caused and the longer-term impact on the economy.
- Vulnerable communities are increasing climate-related investments, hardening infrastructure and taking other protective measures.
- Investment in carbon capture and storage technologies is increasingly rapidly.
- Governments are making investments and crafting regulations to reduce emissions of carbon dioxide and other greenhouse gases.
On top of all of this is the cost of uncertainty. As the Fourth National Climate Assessment, released in 2018 by the U.S. Global Change Research Program, says, “The assumption that current and future climate conditions will resemble the recent past is no longer valid.”