#United States #Las Vegas #ESG Initiatives #Dow Jones Sustainability #Las Vegas Sands

Las Vegas Sands Recognized Once Again

Las Vegas Sands, the integrated resorts developer and operator, has once more made its mark on the Dow Jones Sustainability Indices (DJSI). The company has been included on both the DJSI World and DJSI North America for five uninterrupted years. This consistent recognition underscores its dedication to sustainability in the casino and gaming industry.

For the DJSI World, only 18 companies were invited to participate in the Casino and Gaming sector, with Sands and its subsidiary Sands China Ltd. earning spots. The latter has also achieved placement on the DJSI for Asia Pacific for the third consecutive year. Notably, Sands stands alone as the only representative from the Casino and Gaming sector on the DJSI North America.

DJSI evaluates companies based on sustainability performance, identifying the top 10% of the largest 2,500 firms in the SP Global Broad Market Index. This assessment includes a wide range of economic, environmental, and social criteria, significant for investors focused on sustainability.

Katarina Tesarova, Sands' Senior Vice President and Chief Sustainability Officer, stated, "Closing this year with our fifth consecutive placement on DJSI reflects the remarkable collaboration across many departments in our organization, working together to push our environmental, social, and governance (ESG) initiatives forward." Tesarova emphasized the importance of the DJSI as both a benchmark and a source of quality feedback.

Corporate Responsibility Initiatives

Las Vegas Sands has been actively shaping its corporate responsibility programs using insights from the SP Global Corporate Sustainability Assessment and other industry standards. This comprehensive approach has not only helped Sands gain recognition through DJSI but also earn accolades from other corporate responsibility rankings, such as Newsweek's ranking of America's Most Responsible Companies.

Among the ambitious targets for 2021-2025, Sands has three key objectives focusing on workforce development, community service, and carbon emissions reduction. Under the People pillar, the company committed to investing $200 million in workforce development by 2025; by the end of 2023, Sands had already invested $68 million.

For the Communities pillar, Sands aims to contribute 250,000 volunteer hours from its team members to local causes by 2025, with over 222,823 hours logged as of late 2023. Sands is also focused on reducing its carbon emissions by 17.5% within the same timeframe, achieving success in cutting its emissions by over 50% compared to the base year, even as resort visits have ramped back up to pre-pandemic levels.

The company plans to share further insights into its 2024 progress in the upcoming ESG report scheduled for spring 2025.

DJSI Overview

The Dow Jones Sustainability Indices, first launched in 1999, are a pioneering set of global sustainability benchmarks. The indices feature global, regional, and country-level evaluations and serve to inform and guide investors on sustainable practices among major corporations.

Las Vegas Sands operates major integrated resort properties worldwide, such as Marina Bay Sands in Singapore and several locations in Macao. The company’s commitment to sustainability has led it to not only retain its place on the DJSI but also secure accolades from other reputable sources, affirming its role as a leader in corporate responsibility.

To learn more about Sands' ESG endeavors, you can access their latest ESG report here.