Las Vegas Sands has recently published its latest Environmental, Social, and Governance (ESG) report, showcasing the company’s significant progress in meeting its corporate responsibility goals for the 2021-2025 reporting period. The report highlights Sands’ achievements in emissions reduction, workforce development, and community volunteerism, demonstrating its commitment to sustainability and social impact.
One of Sands’ primary ambitions is to reduce emissions by 17.5% by 2025. In 2023, the company achieved a remarkable 50% reduction in emissions from a 2018 baseline, putting it on track to meet its ambitious target. Additionally, Sands has invested $181 million towards its goal of spending $200 million on workforce development by 2025. The company has also surpassed its initial target of 150,000 community volunteer hours by logging 222,823 hours, prompting Sands to set a new target of 250,000 volunteer hours by 2025.
The year 2023 marked several significant milestones for Sands, including Sands China’s relicensing in Macao and the grand opening of The Londoner Macao, a $2 billion redesign of the former Sands Cotai Central integrated resort. Furthermore, Sands received Leadership in Energy and Environmental Design (LEED) Gold Certification for its new Las Vegas corporate headquarters, which opened in 2023. These achievements demonstrate Sands’ commitment to excellence and innovation in the hospitality industry.
Under the People pillar of its corporate responsibility program, Sands has invested $68 million in 2023 to advance the training and development of its team members and local talent in the hospitality industry. The company has also spent $2 billion to support local businesses and small and medium enterprises (SMEs) worldwide, contributing to economic growth and job opportunities in its regions.
In terms of community engagement, Sands has exceeded its original target of 150,000 team member volunteer hours by reporting 222,823 cumulative volunteer hours from 2021 to 2023. Sands remains dedicated to ensuring its host communities are great places to live, work, and visit. The company focuses on initiatives that alleviate hardship for disadvantaged populations, invest in capacity-building programs for local nonprofits, support arts and cultural offerings, and promote education for the workforce of the future.
Sands’ commitment to environmental sustainability is evident in its achievements under the Planet pillar. Despite an increase in energy consumption due to growing resort visitation, Sands achieved a 50% reduction in greenhouse gas emissions in 2023 compared to the 2018 baseline. The company has also made significant efforts to reduce food waste and transition to sustainable materials for packaging and plastics. Sands’ ECO360 team is actively developing strategies to protect biodiversity, further enhancing its water stewardship and sustainable sourcing initiatives.
Katarina Tesarova, Senior Vice President and Chief Sustainability Officer at Sands, expressed satisfaction with the progress made towards the company’s ambitions and targets. Sands’ commitment to maintaining strong ESG performance across all aspects of its business is unwavering as it looks ahead to its 2025 goals and beyond.
Sands’ outstanding performance in 2023 has been recognized by various prestigious accolades. The company was named one of Fortune’s World’s Most Admired Companies, listed on Newsweek’s America’s Most Responsible Companies, and included in the Dow Jones Sustainability World and North America Indices.
To learn more about Sands’ accomplishments in the areas of People, Communities, and Planet, refer to the detailed 2023 ESG Report available here: [insert link to the report]