International Game Technology PLC, commonly known as IGT, a dominant force in the global gaming scene, has just notched up its commitment to Environmental, Social, and Governance (ESG) practices.
Today, it proudly announced that its ESG Score from FTSE Russell has shot up to 4.2 out of a possible 5.0. This score isn’t just a random number. It places IGT in the top-tier, the 99th percentile, to be exact, within the Travel and Leisure sector of FTSE Russell’s ESG ratings. To put this achievement in perspective, last year IGT had a score of 3.5.
“We are firm in our mission to set high sustainability benchmarks across our operations,” commented Wendy Montgomery, IGT’s SVP of Marketing, Communications, and Sustainability. “This elevated score doesn’t just recognize our current efforts; it validates our unwavering dedication to ESG. We’ve fostered a culture where sustainability is intrinsic to our ethos, resonating with both our employees and stakeholders.“
Unraveling the ESG Score Mechanism
FTSE Russell’s unique ESG scoring mechanism gives investors an insight into how deeply companies are embedding ESG principles into their operations. With a comprehensive approach, the scoring is derived from over 300 individual indicators, tailored to the specific challenges and opportunities each company faces. Notably, the framework for these ESG scores aligns closely with the UN Sustainable Development Goals.
IGT, with its vast outreach across more than 100 global jurisdictions, has always striven for excellence, not just in gaming experiences but also in its commitment to service, integrity, and responsibility. This recent accomplishment in ESG scores demonstrates just that.
For those eager to delve deeper into IGT’s sustainability journey, the company has detailed resources available on its official website and its LinkedIn page.
What it means for the iGaming Industry
- Rising Bar for ESG Commitment: With industry giants like IGT leading the way in ESG scores, there’s an unspoken pressure for other entities in the iGaming space to catch up or risk being left behind.
- Enhanced Investor Confidence: A strong ESG score often translates to greater trust from investors, potentially channeling more funds into companies that prioritize sustainable practices.
- Sustainability as a Growth Driver: As more players in the industry recognize the commercial advantages of sustainable operations, there might be a surge in innovation targeting eco-friendly and socially responsible gaming solutions.