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A balanced approach: Novomatic move into the top tier in ESG rating reports - Casino Review

A balanced approach: Novomatic move into the top tier in ESG rating reports

Novomatic move into the top tier in ESG rating reports
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Recent ESG ratings by leading rating agencies recognise Novomatic’s comprehensive efforts in managing Environmental Social Governance (ESG) factors with excellent risk and performance ratings. A trending example is this year’s Sustainalytics ESG Risk Rating, where the company ranked third in the international casino and gaming industry.

 

As a clearly measurable and transparent asset, similar to financial performance, Environmental Social Governance (ESG) has become an important element of evidence for investor and other financial stakeholder decisions.

Companies have come to clearly acknowledge the significance of efficient ESG commitments and performance improvement in their long-term strategy.

Being a global player in a sensitive business, providing products and services for the international gaming industry, Novomatic aims to be an industry pioneer, not only in terms of leading gaming technologies but also when it comes to social, ecological and governance expectations.

With this goal in mind, comprehensive efforts and strategic measures as well as meaningful and measurable key performance indicators (KPIs) have been defined to manage the Novomatic AG Group’s non-financial development.

With the latest independent ratings by leading international rating agencies, Novomatic’s strenuous efforts turned to account. Already in April 2020, internationally acclaimed ESG ratings firm Sustainalytics assessed Novomatic AG to be at “Low risk of material financial impacts driven by ESG factors.”

Novomatic received an ESG Risk Ratings score of 18.8, placing it third among 80 international gaming companies rated by Sustainalytics and among the top 100 rated companies in the wider consumer services industry globally.

Rating agency ISS ESG also rates Novomatic AG among the Electronic Devices and Appliances industry’s top tier with a “C-“ rating and a decile rank of 4 in a rating dating of June. VigeoEiris Rating attests the company rank 19th out of 43 versus its European peers in the Technology-Hardware Sector in the V.E’s ESG Assessment. Novomatic AG receives “A” RepRisk Rating (www.reprisk.com) on a scale of D to AAA denoting “Low ESG Risk Exposure” based on RepRisk ESG data science.

“The consistently very positive assessments by leading international ESG rating agencies prove that our efforts to improve our non-financial performance and reduce risks related to Environmental Social Governance are being widely noted as above gaming industry average,” said Johannes Gratzl, member of the board of Novomatic AG. “We are very much aware of our responsibilities in terms of corporate governance as well as of the social and environmental impact of our business, and we work hard to take a proactive approach by implementing sound principles and best practices.

“For Novomatic, topics like responsible entertainment, reducing the environmental footprint and occupational health and safety are part of our business philosophy,” he added.


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