LAS VEGAS, NV / ACCESSWIRE / August 5, 2024 / Las Vegas Sands (NYSE:)
Printed by Las Vegas Sands on July 9, 2024
Las Vegas Sands (NYSE:LVS) has launched its newest environmental, social and governance (ESG) report, outlining the corporate’s 2023 progress on the company duty priorities established for its 2021-2025 reporting interval. Sands is on observe to fulfill or has surpassed the targets set for its three major ambitions within the areas of emissions discount, workforce growth and group volunteerism.
Aiming towards its 2025 ambition of lowering emissions by 17.5%, the corporate logged a 50% emissions discount from a 2018 baseline in 2023. Sands has now spent $181 million towards its ambition to speculate $200 million in workforce growth by 2025 and logged 222,823 hours towards its 2025 group volunteerism ambition, which was initially established at 150,000 hours. Within the 2023 ESG Report, the corporate introduced a brand new group service goal to contribute 250,000 volunteer hours by 2025.
Together with stable ESG progress, final yr marked numerous main milestones for Sands, together with Sands China (OTC:)’s relicensing in Macao; celebrating the official grand opening of The Londoner Macao, a $2 billion redesign of the previous Sands Cotai Central built-in resort; and finishing nearly all of the $1 billion part one renovation at Marina Bay Sands. As well as, the corporate obtained Management in Vitality and Environmental Design (LEED) Gold Certification for its new Las Vegas company headquarters, which opened in 2023.
Amid these endeavors, Sands made important progress in a number of areas underneath the Individuals, Communities and Planet pillars of its company duty program in 2023.
Individuals – Aiming to speculate $200 million in workforce growth by 2025, Sands spent $68 million to advance Workforce Members and native expertise within the hospitality trade in 2023, for a complete of $181 million invested since 2021. Funding has supported Workforce Member coaching and growth packages and native workforce and hospitality trade initiatives, such because the $1 million Sands Hospitality Scholarship Program in Singapore.
Separate of the workforce growth funding, Sands spent $2 billion in 2023 to obtain items and companies from native companies and small and medium enterprises (SMEs) all over the world, contributing to its areas’ financial well being and serving to maintain job alternatives.
In help of the corporate’s dedication to investing in native companies and SMEs, Sands China launched the Sands Innovation Problem and Sands Resorts Incubation Centre, which domesticate expertise innovation amongst Macao entrepreneurs. Sands additionally held procurement academies for native companies on Lengthy Island the place the corporate goals to construct its subsequent world-class built-in resort.
Communities – In 2023, the corporate up to date its unique 2025 ambition to contribute 150,000 Workforce Member volunteer hours to group organizations after surpassing that concentrate on on the finish of 2022 attributable to intensive help for pandemic-related initiatives together with core Sands Cares volunteer packages. Aiming towards its new 2025 aim of contributing 250,000 Workforce Member volunteer hours to communities, Sands reported 222,823 cumulative volunteer hours from 2021-2023. The corporate is properly on its technique to assembly the ambition, which helps its overarching dedication to making sure host communities stay nice locations to dwell, work and go to.
Sands’ Communities pillar priorities embody serving to alleviate hardship for deprived populations and folks experiencing crises; investing in capacity-building packages for native nonprofits; supporting initiatives to advance its areas’ distinctive arts and cultural choices; and dealing to construct a thriving workforce of the longer term by way of schooling. In 2023, three international Sands Cares packages continued to unite the corporate’s areas round group impression, with execution of the tenth Sands Cares International Hygiene Equipment Construct and the second Sands Cares International Meals Equipment Construct, in addition to completion of the Sands Cares Accelerator’s seventh yr of incubating the strategic initiatives of invited nonprofit members in Las Vegas, Macao and Singapore.
Planet – Although enterprise returned to pre-pandemic ranges in 2023, greenhouse gasoline emissions remained considerably beneath the 2018 baseline with a 50% discount logged in 2023. Resort visitation grew by 123% in 2023 in comparison with 2022, and, due to this fact, power consumption elevated in a number of areas, together with gas use for heating and cooking in addition to operation of the Cotai Jet ferry service in Macao. Nevertheless, Sands achieved the numerous discount in emissions because of its persistent strategy to power effectivity tasks and dedication to renewable power certificates purchases.
Along with persevering with to surpass emissions in addition to water use discount targets in 2023, the corporate pursued aggressive efforts to scale back meals waste and transition plastics and packaging to sustainable supplies. Past execution on core environmental priorities within the areas of low-carbon transition, waste, supplies and assets, and water stewardship, the Sands ECO360 staff remained centered on growing a coordinated technique for shielding biodiversity, which has been addressed as a part of the corporate’s water stewardship and sustainable sourcing initiatives.
“At this midpoint juncture, we’re happy with the progress on our ambitions and targets however proceed to drive laborious on all initiatives, particularly in areas the place we need to improve our impression,” Katarina Tesarova, senior vp and chief sustainability officer, stated. “As we glance towards our 2025 targets and past, we’re firmly dedicated to sustaining sturdy ESG efficiency in all points of our enterprise.”
Underscoring Sands’ efficiency in 2023, the corporate was named one in every of Fortune’s World’s Most Admired Corporations within the information outlet’s 2024 listing of probably the most revered and respected international companies. That designation adopted recognition on Newsweek’s 2024 America’s Most Accountable Corporations listing and the 2023 Dow Jones Sustainability World and North America Indices.
For detailed data on Sands’ accomplishments underneath the Individuals, Communities and Planet pillars, learn the 2023 ESG Report: https://www.sands.com/content material/uploads/2024/06/LVS-ESG-Report-2023.pdf
About Sands (NYSE:LVS)
Sands is the world’s preeminent developer and operator of world-class built-in resorts. The corporate’s iconic properties drive helpful leisure and enterprise tourism and ship important financial advantages, sustained job creation, monetary alternatives for native companies and group funding to assist make its host areas ultimate locations to dwell, work and go to.
Sands’ portfolio of properties consists of Marina Bay Sands in Singapore and The Venetian Macao, The Plaza Macao, The Londoner Macao, The Parisian Macao and Sands Macao in Macao SAR, China, by way of majority possession in Sands China Ltd.
Devoted to being a frontrunner in company duty, Sands is anchored by the core tenets of serving folks, communities and the planet. The corporate’s ESG management has led to inclusion on the Dow Jones Sustainability Indices for World and North America, in addition to Fortune’s listing of the World’s Most Admired Corporations. To be taught extra, go to www.sands.com.
Contacts:
Kristin Koca
Sands
702.923.9142
[email protected]
View extra multimedia and extra ESG storytelling from Las Vegas Sands on 3blmedia.com.
Contact Information:
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SOURCE: Las Vegas Sands
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