Austria – Novomatic rated ‘excellent’ for environmental social governanceBy Lewis - 2 December 2020
Recent ESG ratings by rating agencies has acknowledged Novomatic’s efforts in managing Environmental Social Governance (ESG) factors with excellent risk and performance ratings. In this year’s Sustainalytics ESG Risk Rating, Novomatic ranks third in the international casino and gaming industry.
As a clearly measurable and transparent asset, similar to financial performance, 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.
In April 2020, ESG ratings firm Sustainalytics assessed Novomatic to be at “low risk of material financial impacts driven by ESG factors.” The company 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 among the Electronic Devices and Appliances industry’s top tier with a “C-“ rating and a decile rank of four 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 received an “A” RepRisk Rating on a scale of D to AAA denoting “Low ESG Risk Exposure” based on RepRisk ESG data science.
Johannes Gratzl, Member of the Board of Novomatic, commented: “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.
“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.”