Play’n GO, a leading casino entertainment provider, has joined The Climate Pledge, a commitment to reach net-zero carbon emissions by 2040. Play n GO is aiming to go one step further and achieve net zero by 2030, a full decade ahead of the pledge.
As a signatory to The Climate Pledge, the company will measure and report greenhouse gas emissions on a regular basis, implement decarbonization strategies in line with the Paris Agreement, and neutralize any remaining emissions with additional offsets.
Vanessa Arenram, Director of CSR for Play’n GO says that sustainability is important to the company and that they’re delighted to join The Climate Pledge. She also added that we all have a part to play in lowering our carbon footprint. And that it’s necessary to make sure a bright future will welcome the next generations.
The Play n GO company is committed to a sustainable future within the gambling industry. Signing the Climate Pledge just shows its dedication and hope for a sustainable future for the planet.
Play n Go Fosters Authentic ESG Culture, Says Chief Risk and Compliance Officer
In a separate interview last year, Sissel Weitzhandler, the company’s Chief Risk and Compliance Officer, explained that Play’n GO believes that ESG, or environmental, social, and corporate governance, is essential for sustainable and socially responsible growth. She said that the company has been among the first movers in the gaming industry to push for ESG principles.
She said that the company wouldn’t be where it is today if it weren’t a well-governed and responsible business. She also noted how it’s about drawing on heritage as they face new challenges.
Play’n GO’s commitment to ESG is evident in its policies and practices. For example, the company has a comprehensive compliance program in place to ensure that it meets all applicable laws and regulations. Play n GO also has a strong commitment to diversity and inclusion, and it offers its employees a variety of benefits and support programs.
Play’n GO Sees Material Benefits from ESG Initiatives
Weitzhandler believes that investors should be looking at how companies in the gaming industry approach ESG.
Weitzhandler noted how rapidly people are changing their minds about ESG. She said many used to see it as a box-ticking exercise, or that it was more of a burden rather than an opportunity. From their perspective, they’ve expanded their ESG initiatives. The reason is not only is it the right thing to do, but also because they’re seeing material benefits from it.
One of the areas where Weitzhandler sees the most benefit from ESG is in board representation. She cited data showing that companies in the top quartile for diversity are 33% more likely to have industry-leading profitability and that funds managed by gender-diverse boards achieve 20% higher returns.
Weitzhandler observed that diverse companies are better-performing companies. And that diversity will need to start at the top.
Play’n GO’s management team consists of three women and two men, and Weitzhandler said that this diversity is working well for the company.
Weitzhandler’s comments underscore the growing importance of ESG for gaming companies. Investors are increasingly looking to invest in companies with strong ESG practices, as they believe that these companies are better positioned for long-term success.
Why is ESG important for investors?
ESG factors can have a notable impact on a company’s financial performance. For example, companies with strong ESG practices are often less likely to face regulatory scrutiny or reputational damage. They may also be more attractive to customers and employees.
Studies have shown that companies with strong ESG ratings tend to outperform their peers in the long term.
How can investors assess a company’s ESG performance?
There are a number of ways that investors can assess a company’s ESG performance. One way is to look at the company’s ESG ratings from third-party providers, such as MSCI and Sustainalytics. These ratings are based on a variety of factors, such as the company’s environmental impact, social policies, and corporate governance practices.
Investors can also assess a company’s ESG performance by reading the company’s sustainability reports and other public disclosures. These reports can provide insights into the company’s ESG initiatives and goals.
Finally, investors can engage with companies directly to ask questions about their ESG performance. This can be done through investor relations meetings or by submitting written questions.
By carefully considering a company’s ESG performance, investors can make more informed investment decisions.
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