First Maximilian Associates Inc. and Praxis Consulting and Advisory Limited
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
- Responsible Gambling
- Regulatory Compliance
- Operational Performance
- Societal Impact
- Reputational Risk
Social Achievements
- Efforts to improve responsible gambling practices (e.g., Kindred's 'Journey to Zero')
Governance Achievements
- Improved KYC/AML procedures in some companies
Climate Goals & Targets
Environmental Challenges
- Lower valuations, higher volatility, and higher cost of capital due to substandard ESG practices
- Inadequate reputation in terms of ESG compliance
- Lack of consensus on ESG disclosure and methodologies within the gaming industry
- Problem gambling
- Regulatory fines and investigations
- Lack of standardized industry-specific reporting tools
- Negative public perception
Mitigation Strategies
- Proposal of a new approach called 'ESG Fintel' to improve ESG reporting and performance using a data-driven technology platform
- Focus on financially based data and analysis of compliance and relative performance
- Improved KYC/AML procedures
- Initiatives to reduce problem gambling
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, SASB, TCFD, UNGC