Las Vegas Sands Unveils 2024 ESG Report with Notable Achievements

Las Vegas Sands Corp. proudly announced the release of its newly minted Environmental, Social and Governance (ESG) report, a comprehensive overview highlighting the company's performance in 2024. The report, which focuses on the corporate responsibility strategies established for the 2021-2025 reporting period, reflects Sands’ dedication to not only business success but also to meaningful community engagement and environmental stewardship.

Among the standout accomplishments, Las Vegas Sands has successfully exceeded its goals in workforce development and community service. Specifically, the company has outperformed two out of its three primary ambitions. These ambitions are underpinned by the company’s pillars—People, Communities, and Planet.

In 2024, Sands demonstrated its commitment by investing a remarkable $220 million in workforce development projects, surpassing its initial target of $200 million by 2025. Close to $38 million of this total was allocated in 2024 alone, aimed at enhancing job skills and providing career training for its team members, hospitality professionals, and local job seekers across its operational regions.

Continuously striving for excellence, Sands also reported an impressive total of 255,955 volunteer hours contributed by its team members from 2021 to 2024, surpassing the goal of 250,000 hours by over 5,000 hours. In the past year, team members dedicated 33,132 volunteer hours to more than 70 nonprofit organizations, showcasing their commitment to community welfare.

When it comes to environmental footprints, Sands maintained its emissions below its ambitious target of a 17.5% reduction from 2018 levels. Notably, the company achieved an astounding 50% reduction in emissions in 2024, thanks to the implementation of energy efficiency projects and the continuous purchase of energy attribute certificates.

The company also released its inaugural low-carbon transition plan in 2024, which sets a new target for a 30% emissions reduction, aligning with the Paris Agreement's goals to limit temperature increases to 1.5°C. This new target complements the previously validated 17.5% emissions reduction that was set forth by the Science Based Targets initiative (SBTi).

In addition to these primary goals, the company made strides across various fronts within its People, Communities, and Planet pillars.

People

In 2024 alone, Sands invested $3 billion in local businesses and small and medium enterprises (SMEs), reaffiming its commitment to regional economic prosperity and job retention. Additionally, Sands allocated $26 million directly to support diverse businesses, fostering initiatives that provide training and development opportunities.

Communities

On the philanthropic front, Sands contributed $12 million to nonprofit organizations, with efforts centered around capacity building and mentorship. The Sands Cares Accelerator, a key initiative, celebrated the graduation of its fourth member in 2024, highlighting the practical support provided to nonprofit entities aiming for community revitalization.

Planet

Sands took numerous steps towards its sustainability goals, including a 6% improvement in its operational waste diversion rate over the 2019 baseline—outpacing its 5% target set for 2025. The company has made significant progress in food waste management with a 29% diversion rate against a 25% target.

Additionally, Sands marked an 11% decrease in potable water usage since 2019, exceeding its 3% reduction goal, while aiming to eliminate single-use plastics across its operations by transitioning to sustainable solutions at an impressive 62% conversion rate in 2024.

As Las Vegas Sands eagerly anticipates its future sustainability goals and prepares for the next reporting cycle for 2026-2030, Katarina Tesarova, the company’s senior vice president and chief sustainability officer, expressed motivation to continue closing gaps around the remaining 2025 goals while aiming for higher benchmarks. “We are committed to enhancing our achievements and setting new, ambitious targets moving forward,” Tesarova stated.

To top off its accomplishments, Sands was honored with a place in the 2024 Dow Jones Sustainability World and North America Indices, along with recognitions in Newsweek's 2025 America’s Most Responsible Companies list, further solidifying its reputation in the ESG arena.

For those interested in exploring the comprehensive details of Sands' ESG initiatives, the full report can be accessed via their corporate governance resources page on their official website.