Tabcorp takes first place in Dow Jones Sustainability Index

This is the eighth time in the past nine years it’s snagged the top spot.

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Tabcorp Holdings (ASX: TAH) has done it again. The company has been tapped as the global gambling industry leader in the Dow Jones Sustainability Index (DJSI). This is the eighth time in the past nine years it’s snagged first place in its industry, beating out competition on the index’s various environmental, social, and economic components.

“Tabcorp’s continued global leadership in the annual DJSI is a reflection of our long term commitment to operating sustainably,” said Managing Director and CEO David Attenborough. “We are pleased to continue to be recognised as a world leader in the responsible service of gambling and for our high standard of governance.”

Although the index is most widely known as an environmental indicator, its assessment of the gambling industry takes on a decidedly social tone. For the past seven years, Tabcorp has received a 100% rating in the “promoting responsible gambling” category, an area of concern to investors looking to make ethical investments and/or keep regulators from rooting around in their shares.

Attenborough noted in his remarks that this rating was especially important this year, as Australians have reassessed the role of sports betting in their country.

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Motley Fool contributor Justin Loiseau has no position in any stocks mentioned in this article. You can follow him on Twitter @TMFJLo.

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