Sands Releases its 2023 Environmental, Social and Governance Report

Core Insights - Las Vegas Sands is making significant progress on its 2021-2025 ESG goals, particularly in emissions reduction, workforce development, and community volunteerism [1][2][10] Emissions Reduction - The company aims for a 17.5% reduction in emissions by 2025 and has achieved a 50% reduction from a 2018 baseline in 2023 [2][8] - Despite a 123% increase in resort visitation in 2023 compared to 2022, greenhouse gas emissions remained significantly below the 2018 baseline [8][9] Workforce Development - Sands has invested $181 million towards its goal of $200 million in workforce development by 2025, spending $68 million in 2023 alone [2][4] - The company supports local talent through initiatives like the $1 million Sands Hospitality Scholarship Program in Singapore [4] Community Volunteerism - Sands updated its community volunteerism goal from 150,000 to 250,000 hours by 2025 after surpassing the original target in 2022, reporting 222,823 cumulative volunteer hours from 2021-2023 [2][6] - The company focuses on alleviating hardship for disadvantaged populations and supporting local nonprofits through various community programs [7] Economic Contributions - In 2023, Sands spent $2 billion on goods and services from local businesses and SMEs, contributing to regional economic health [4][5] - The company launched initiatives like the Sands Innovation Challenge to foster technology innovation among Macao entrepreneurs [5] Environmental Initiatives - Sands is committed to reducing food waste and transitioning to sustainable materials, alongside its core environmental priorities [9] - The company received LEED Gold Certification for its new Las Vegas corporate headquarters, emphasizing its commitment to sustainability [3] Recognition and Future Commitment - Sands was recognized as one of Fortune's World's Most Admired Companies in 2024 and included in Newsweek's list of America's Most Responsible Companies [10] - The company remains committed to maintaining strong ESG performance as it progresses towards its 2025 targets [10]