LAS VEGAS, NV / ACCESSWIRE / December 13, 2023 / Las Vegas Sands (NYSE:LVS) was again recognized on the Dow Jones Sustainability Indices (DJSI), with placement on the DJSI World Index for the fourth consecutive year and the DJSI North America Index for the eighth time. Sands China Ltd., the company's Asian subsidiary, was named to the DJSI World and DJSI Asia Pacific indices for the second consecutive year.
Sands and Sands China are the only two companies in the Casino and Gaming category listed on DJSI World this year, out of 19 companies invited to participate. Sands is the only company in the Casino and Gaming category listed on DJSI North America, and Sands China is one of only two companies in the Casino and Gaming category listed on DJSI Asia Pacific.
The DJSI World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment (CSA). It represents the top 10% of the largest 2,500 companies in the S&P Global BMI based on long-term economic, environmental and social criteria. The DJSI North America and DJSI Asia Pacific indices represent the top 20% of the 600 largest North American companies and the top 20% of the 600 largest companies in the Asia Pacific developed region in the S&P Global BMI based on the same criteria.
"Our recognition on this premier global sustainability benchmark, following our recent inclusion as one of Newsweek's America's Most Responsible Companies, underscores the impact of our corporate responsibility initiatives and ESG leadership," Patrick Dumont, president and chief operating officer, said. "We aim to be the employer and partner of choice in our regions, a model corporate citizen working to ensure strength and resiliency of our communities, and the industry leader in environmental sustainability."
Sands' DJSI inclusions also reflect the company's adaptability in aligning efforts and reporting to the major methodology changes and public disclosure expectations made for the CSA this year. The approach is reflective of Sands' focus on transparency as defined by the major ESG authorities and a dedication to continuously expanding its impact.
With the goal of achieving measured, ongoing progress, Sands also has established 2021-2025 ambitions in the areas of workforce development, Team Member volunteerism and carbon emissions reduction, mapping to its People, Communities and Planet corporate responsibility pillars.
Under the People pillar, Sands aims to invest $200 million in workforce development by 2025. As of 2022, the company had invested $56 million in workforce development initiatives, bringing its cumulative investment to $113 million since 2021, well past the halfway point. Sands is focused on building the workforce of the future by supporting the professional growth of its Team Members, advancing the skills of hospitality industry professionals as well as the local labor pool in its regions, and helping local businesses, especially small and medium enterprises, succeed.
The global Sands Cares community engagement program leads initiatives under the Communities pillar and drives the company's priorities on hardship relief, education, nonprofit and local business advancement, disaster relief and preparedness, and cultural and natural heritage preservation. In support of these issues, Sands set a 2025 target to contribute 150,000 Team Member volunteer hours by 2025; however, the company surpassed this goal by the end of 2022 because of extensive support for pandemic-related initiatives, along with core Sands Cares volunteer efforts. The new 2025 target will be announced in the company's next ESG report in spring 2024.
Finally, Sands works to ensure the long-term environmental health of its regions through the Planet pillar, led by the Sands ECO360 global sustainability program. The company's 2025 environmental ambition is to achieve a 17.5% reduction in carbon emissions. As of 2022, Sands had achieved a 50% reduction in carbon emissions from its 2018 baseline; however, the cumulative decrease reflected continued pandemic-related impact on property visitation. As business returns to more normal levels in 2023, Sands is continuing to aggressively pursue its low-carbon transition initiatives in the areas of energy efficiency, renewable energy and transportation.
The DJSI, including the Dow Jones Sustainability World Index (DJSI World), were launched in 1999 as the pioneering series of global sustainability benchmarks available in the market. The index family is comprised of global, regional and country benchmarks. The S&P Global Corporate Sustainability Assessment (CSA) is an annual evaluation of companies' sustainability practices. It covers over 10,000 companies from around the world. The CSA focuses on sustainability criteria that are both industry-specific and financially material and has been doing so since 1999.
About Sands (NYSE: LVS)
Sands is the world's preeminent developer and operator of world-class integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.
Sands' portfolio of properties includes 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, through majority ownership in Sands China Ltd.
Sands is dedicated to being a leader in corporate responsibility, anchored by the core tenets of serving people, planet and communities. The company's ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit www.sands.com.
Contacts:
Kristin Koca
Sands
702.923.9142
Kristin.Koca@sands.com
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Contact Info:
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SOURCE: Las Vegas Sands
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