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Sands China's Sustainability Achievements

Sands China Ltd. continues to shine in the realm of corporate sustainability, having recently been recognized by the S&P Global Sustainability Yearbook for the fourth consecutive year. This prestigious accolade marks Sands China’s ongoing commitment and leadership in environmental, social, and governance (ESG) practices.

Exceptional Rankings

In the latest assessment, Sands China earned a place in the Top 1% in both the global and Chinese editions of the S&P Global Corporate Sustainability Assessment (CSA) scores. The company was also honored with the designation of ‘Industry Mover’ for the second year running in the China edition, a title reserved for companies that exhibit notable improvement in their sustainability efforts.

The S&P Global yearbook is considered one of the foremost benchmarks for evaluating sustainability practices within the corporate sector. This year, nearly 1,800 companies from mainland China, Hong Kong, and Macao were assessed, with only 193 making it to the prestigious handbook. Sands China is proud to be one of the 36 companies achieving a Top 1% ranking in the China edition, following the notable increase of its CSA score by over 6% compared to the previous year.

Global Recognition

On a global scale, the yearbook evaluated over 9,200 companies, with Sands China distinguished among just 71 firms that managed to rank in the Top 1%. This recognition not only underscores Sands China’s reputation but also highlights its continuous progress in integrating sustainability across its operations.

A Commitment to Sustainability

Grant Chum, the Chief Executive Officer of Sands China, emphasized the importance of sustainability, stating, “Sustainability is the cornerstone of corporate resilience and long-term development.” He expressed pride in the company’s high rankings and viewed these accolades as affirmations of Sands China’s significant investments in innovation and sustainable practices.

Sands China’s initiatives reflect a holistic strategy that incorporates sustainability into its core operations. Key efforts include achieving over 1.8 million hours of workforce training and reducing its scope 1 and 2 emissions by an impressive 61% from a 2018 baseline. This achievement significantly surpasses both the SBTi-validated target of 17.5% and the 1.5°C-aligned goal of 30%.

The company has also dedicated more than 362,000 hours to community service since 2009, demonstrating its commitment to creating positive social outcomes, even amid operational challenges brought forth by the global pandemic.

Initiatives Underpinning Success

This recognition stems from Sands China’s multi-faceted CSR platform, which focuses on three primary pillars: People, Community, and Planet. The Sands ECO360 programme exemplifies efforts to mitigate environmental impacts, while the Sands Cares initiative fosters community engagement and support.

Moreover, the Sands China Academy offers team member development programs that contribute to their professional growth, further solidifying the company’s commitment to both its employees and the Macao community.

Looking Ahead

As Sands China entertains and welcomes millions of guests annually, its strategy aligns with the broader objective of promoting Macao as a global hub for tourism and leisure. With a range of integrated resorts, including The Venetian Macao and The Parisian Macao, the company strives to balance economic success with social responsibility.

With these significant achievements in sustainability, Sands China exemplifies how integrated resorts can thrive while maintaining a commitment to environmental stewardship and social responsibility.

For further information, please visit Sands China.