Gaming Innovation Group Inc.
Climate Impact & Sustainability Data (2022, 2023, 2024-04-01 to 2024-06-30)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:167,000 kg CO2e (offset)
ESG Focus Areas
- Climate Change
- Diversity, Equity, and Inclusion
- Responsible Gaming
- Employee Well-being
- Supply Chain Ethics
Environmental Achievements
- Offset 167,000kg CO2 (100% of business travel footprint) through The Gold Standard's VERs scheme
- Stopped gifting merchandise, reducing associated GHG emissions
- Reduced GHG emissions through office reviews and subleasing
- Recycling paper, plastic, glass, organic material, printer toner and batteries
Social Achievements
- Improved employee experience based on 63,000 feedback points
- Implemented 'Your Voice' anonymous reporting tool
- Created new perks and benefits package (Me Time day, Birthday leave, well-being allowance)
- Established GiG Allies DEI allyship with training and certifications
- Held 3rd Annual GiGstars Awards focusing on well-being
Governance Achievements
- Increased ISO certifications (ISO 27001, ISO 20000)
- Implemented Governance, Risk, Compliance (GRC) vertical
- Improved supplier relationship management and security due diligence
- Enhanced safer gambling and player protection offerings
- Implemented anti-bribery and corruption policies
Climate Goals & Targets
Long-term Goals:
- Achieve Net Zero emissions (target date not specified)
Medium-term Goals:
- Achieve Net Zero emissions (target date not specified)
Short-term Goals:
- Reduce energy and water consumption by 5% in 2023
- Change merchandise to sustainable products and reduce CO2 emissions from shipments
Environmental Challenges
- Reaching sustainability targets
- Decarbonizing operations
- Improving overall ESG rating (currently 47/50)
Mitigation Strategies
- Partnership with Greenly for carbon management
- Partnership with Legacy for ESG analysis and improvement guidance
- Comprehensive third-party review with Bureau Veritas and RSM on ESG and Sustainability practices
- Developing an informed emissions reduction plan focusing on supply chain, increasing efficiencies, and improving talent retention
Supply Chain Management
Supplier Audits: 94% of pre-existing suppliers re-assessed for ESG risks
Responsible Procurement
- ESG supply chain rating analysis
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: UN Sustainable Development Goals
Certifications: ISO 27001, ISO 20000
Awards & Recognition
- Best Casino Affiliate at the iGB Affiliate Awards
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:9.2k tCO2e (2022)
ESG Focus Areas
- Innovation
- Trust
- Diversity, Equity, and Inclusion
- Education and ESG
- Environmental
- Social
- Governance
Environmental Achievements
- Completed inaugural Scope 1, 2, and 3 GHG emissions assessment with Greenly, resulting in a total emission of 9.2k tCO2e for 2022.
- Planted 1720 trees in #GiGForest, offsetting 395,000kg CO2.
- Offset 219,000 kg of CO2 emissions from business travel with GreenPerk.
- Reduced travel and emissions through investment in digital meeting facilities.
Social Achievements
- Operational split of GiG Media and GiG Platform & Sportsbook completed by year-end 2023.
- Launched improved benefits package based on employee feedback.
- DEI developments in talent acquisition, including reviewing job descriptions and training hiring managers on unconscious biases.
- People team awarded Stevie award 2023.
- 62 team events with 565 attendees.
Governance Achievements
- Improved ESG rating year-on-year from 47 to 51.
- Introduced AML & RG automated risk rating tools.
- Two Player Safety leaders completed SafeTALK/ASIST training course.
- Senior management in Player Safety team accredited with ICA Certificate in Compliance.
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions (aligned with Agenda 2030 and the Paris Agreement).
Medium-term Goals:
- GHG emissions reduction planning with Greenly.
- Safer Gambling initiatives through education and communication.
Short-term Goals:
- Improve employee experience through various initiatives.
- Streamline office environments and improve workplace services.
- Implement Global Sustainability Policy.
Environmental Challenges
- Complex and evolving legislation concerning online gaming, including responsible gaming and anti-money laundering obligations.
- Risk of customers not being able to pay for services rendered.
- Operational risks arising from changes in search engine algorithms.
- Risks associated with non-compliance stemming from employee unfamiliarity with marketing and content guidelines.
Mitigation Strategies
- Monitoring legal developments, contractual arrangements, and seeking external advice.
- Fixed pricing model for Platform & Sportsbook services.
- Continuous education and updates for staff on marketing and content guidelines.
- Robust security framework, including phishing simulations and supplier reassessments.
Supply Chain Management
Supplier Audits: Supplier reassessment commitment, reassessing suppliers assessed within the same period 12 months prior.
Responsible Procurement
- Ongoing supplier reassessment to reduce risk radius.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: EU Corporate Sustainability Reporting Directive
Certifications: ISO:27001
UN Sustainable Development Goals
- All 17 UN SDGs
Initiatives are broken down into clear business and people goals aligned with the UN 2030 Agenda for Sustainable Development.
Sustainable Products & Innovation
- Next generation X-suite igaming and sportsbook solutions CoreX and SportX, and supporting AI-led verticals, DataX and LogicX.
Awards & Recognition
- EGR B2B Awards (Full Service Platform and Multi-Channel supplier of the year)
- Stevie® Awards (Bronze for GHG Reporting Compliance)
Reporting Period: 2024-04-01 to 2024-06-30
Environmental Metrics
ESG Focus Areas
- Emissions offsetting and reforestation
- Regulatory review and preparation for CSRD
- GHG emissions calculation
- Employee leadership training
- Diversity and Inclusion
Environmental Achievements
- Planted 1,954 trees in Gentoo Media, offsetting 199.07 tCO2; Planted 4,523 trees in GiG Platform & Sportsbook, offsetting 444.42 tCO2
Social Achievements
- Held successful Earth Day events with guest speaker Alexis Normand, CEO of Greenly; Ran Senior Leadership Programme and Leaders Of Tomorrow training sessions for 90 leaders in Malta.
- Increased employee count to 772 (625 in Q2 2023)
Governance Achievements
- Engaged KPMG to support CSRD Impact Assessment and Double Materiality Assessment
Climate Goals & Targets
Environmental Challenges
- Google Core update negatively impacted Casinotopsonline.com rankings and player intake; Client exits in Platform & Sportsbook
Mitigation Strategies
- Initiatives taken to restore rankings and player intake for Casinotopsonline.com; Implemented new marketing technologies and acquisition channels in Paid Media; Focused on higher-value markets in Gentoo Media; Significant investment in a new senior leadership team, along with additional sales and marketing initiatives in Platform & Sportsbook
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: CSRD (EU Corporate Sustainability Reporting Directive)