This is the second part of our look into the role of environmental, social, and governance (ESG) in the gaming industry, and the impact on industry participants. In particular, this article will amplify the focus on ESG reporting and illuminate the potential practical implications to companies and their functional teams—especially information technology (IT) and finance.
ESG continues to make headlines, and recent regulatory actions will force companies to formalize their efforts even further. As I wrote last time, this two-part series on gaming-specific elements of ESG will likely not be the last time I write about ESG.
Regulatory Action Ramps Up
In the past several months, regulators have ramped up their formal rulemaking around ESG reporting, with proposals from the Securities and Exchange Commission (SEC), International Sustainability Standards Board (ISSB), and European Financial Reporting Advisory Group (EFRAG). These proposals will put added pressure on the reporting and control mechanisms needed to assemble and analyze ESG-related information within companies.
And while your company may not fall under the direct oversight of one of these bodies, we know that regulations often cascade down to smaller companies and ultimately apply broadly across the business landscape.A
READ THE FULL ARTICLE BY RICK ARPIN IN THE 2022 WINTER EDITION OF GAMING & LEISURE MAGAZINE.