In the top 30% of the electronics industry

Novomatic secures upgraded sustainability rating in this year's ISS ESG assessment

2023-12-07
Reading time 1:17 min

Gaming technology group Novomatic has been upgraded in this year's ISS ESG sustainability rating, making it "one of the top performers in the electronics industry."

ISS ESG (Institutional Shareholder Services) is a rating agency specializing in sustainability and one of the world’s three leading ESG rating agencies, along with Sustainalytics and Moody’s ESG Solutions.

The assessment of a company’s environmental, economic and social performance as part of the Corporate Rating is based on approximately 100 industry-specific indicators, with ISS ESG ensuring that the ratings remain current through regular updates.

In October 2023, ISS ESG raised Novomatic’s rating to “C” for the first time, placing the company in the top 30% of the electronics industry. With this development, Novomatic joins the ranks of global industry leaders such as Apple, Dell and HP.

Novomatic has improved particularly in the areas of “Employees and suppliers”, “Society and product responsibility” and “Corporate governance and business ethics," the company noted in a press release. The technology group further called ESG "an integral part of Novomatic's corporate strategy" as the company strives for continuous improvement as part of its sustainability program.

“As an international gaming technology group, we have always assumed social responsibility and act conscientiously and transparently in all areas of our business,” emphasized Novomatic Executive Board Member Ryszard Presch.

Fellow Board Member Johannes Gratzl added: “We are delighted that our extensive commitment to sustainability has now been recognized by ISS ESG with a top rating. With this rating, we have made a great leap forward, and our level of transparency is now at the highest level. We are also well above the industry average when it comes to the core issue of working conditions and standards."

The recognition adds to other awards and ratings Novomatic has already received for its commitment to sustainability, including most recently PwC’s ESG Ranking 2023, in which the company achieved a first-place ranking in the gaming sector for its performance.

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