Slot machine maker and digital content provider Aristocrat Leisure Ltd says it has “matured its approach to business sustainability,” undertaking what it said was its “first double materiality assessment and setting a fresh medium-term sustainability strategy”.
Grant Thornton, a professional services company, describes “double materiality” as where businesses report not only financial impacts and measures, but also non-financial measures impacting people and the environment.
Australia-listed Aristocrat noted also that in terms of its sustainability programme, it had introduced a fourth pillar: ‘Empowering Safer Play’, formerly ‘Responsible Gameplay’.
“Empowering Safer Play sits alongside pillars focused on ‘Good Governance and Responsible Business’, ‘Operational Sustainability & Climate’, and ‘People & Community’,” stated the firm in a December press release.
The information was part of the announcement of the publication of the company’s Sustainability Report for the 2024 financial year.
Aristocrat said that for the first time, medium-term sustainability goals had been articulated under each pillar of the group’s programme, in order to “provide more clarity around the Aristocrat’s sustainability ambitions and help focus its efforts over the coming years”.
The update quoted Aristocrat chief executive and managing director, Trevor Croker, as saying: “Aristocrat’s sustainability efforts aim to make us a stronger and better business, and to contribute to the long-term vibrancy of the industry in which we operate.”
He added: “We refreshed the foundations of our approach; updating our material issues, articulating medium-term goals, and further enhancing core capability as we work towards meeting our Science-Based Targets (SBTi) commitments [on climate action] and support mandatory sustainability reporting in the coming years.”
Aristocrat sets medium-term sustainability goals
