LVSC(US:LVS) Prnewswireยท2024-01-31 23:34Core Insights - Las Vegas Sands has been recognized as one of Fortune's World's Most Admired Companies for 2024, marking its 10th appearance on the list, which reflects the company's performance in delivering economic, social, and environmental value [1][4] - The company has shifted focus to reinvestment in Asia and the development of new businesses after exiting Las Vegas operations in 2022, with significant investments planned for Macao and Singapore [1][2] Group 1: Company Recognition and Performance - Sands' inclusion in Fortune's list is an endorsement of its ability to navigate change while positively impacting communities, team members, investors, and customers [1] - The company has also been recognized on Newsweek's 2024 America's Most Responsible Companies list and the 2023 Dow Jones Sustainability World and North America Indices [4] Group 2: Investment and Development Plans - Sands China has pledged to invest $3.75 billion in capital and operating projects through 2032 to enhance Macao's status as a global tourism destination [1] - A $1.75 billion reinvestment program is currently underway at Marina Bay Sands to support Singapore's growth in international tourism [1] Group 3: Corporate Responsibility and ESG Goals - The company aims to invest $200 million in workforce development, contribute 150,000 volunteer hours, and reduce carbon emissions by 17.5% by 2025 [3] - As of 2022, Sands had invested $56 million in workforce development initiatives, with a cumulative investment of $113 million since 2021, and achieved a 50% reduction in carbon emissions [4] Group 4: Business Model and Community Impact - Sands operates world-class integrated resorts that combine luxury accommodations, gaming, meeting facilities, retail, and entertainment, attracting significant business and leisure tourism [2][7] - The company focuses on being the employer and partner of choice, strengthening communities, and minimizing environmental impact through sustainable practices [2]