IGT doubling down on sustainability with improved ranking

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IGT has been ranked as one of the top companies in the world for environmental, social and governance policies in its latest external audit. 

The global lottery and gaming tech firm has achieved a score of 4.2 out of five from FTSE Russell, placing it in the 99th percentile of businesses operating in the travel and leisure sectors. 

FTSE Russell’s model analyzes a business’s operations to give investors insight into the policies around ESG. It assesses how a company understands and is exposed to ESG in multiple dimensions using over 300 indicators aligned with the UN Sustainable Development Goals

IGT’s score has improved since the assessment was last carried out in 2022, when it attained a score of 3.5, displaying the firm’s commitment to sustainability.

“IGT remains dedicated to incorporating the highest standards of sustainability practices throughout our business and achieving this improved score from FTSE Russell’s ESG Scores and ranking in the top percentile is a testament to our global commitment,” said Wendy Montgomery, IGT SVP, Marketing, Communications and Sustainability. 

“We are pleased to have instilled a strong sustainability mindset among our employees and all stakeholders, and we will continue to seek opportunities to advance our initiatives.”

IGT has offered several updates to its ESG activities recently, including earlier this month when it notified stakeholders that the Scientific-Based Target Initiative had validated its near and long-term zero carbon emissions targets. 

For its near-term targets, IGT is committed to reducing its Scope 1 and Scope 2 greenhouse gas emissions by 50% by 2030 from the initial date of 2019. Meanwhile, it is aiming to reduce Scope 3 emissions by 30% in this decade. 

From a long-term perspective, IGT is committed to reducing its Scope 1 and 2 emissions by 90% by 2050. Using the SBTi criteria, the firm would also reduce Scope 3 emissions by 90% in the same time frame. 

Last month, the tech firm published its 2022 Sustainability Report, offering a glimpse into the work it does to improve from an ESG perspective. 

Initiatives included adding its Human Rights Policy Statement to employee training last year, while it also became the first casino/gaming company to pen the UN Women’s Empowerment Principles that set out how to promote gender equality. 

The firm’s VP, Diversity, Equity, and Inclusion, Brian Blake, added: “In 2022, IGT purposefully included Equity in the title of our Office of Diversity, Equity and Inclusion to ensure policies, practices, and culture identify and fulfill the needs of all employees. 

“Equity recognizes that different employees and groups of employees have different needs, and IGT will support them uniquely, with everyone being valued.”