The company was included on DJSI World and DJSI North America
for the fifth consecutive year; subsidiary Sands China Ltd. was
named to DJSI World and DJSI Asia Pacific for the third
year.
LAS
VEGAS, Dec. 23, 2024 /PRNewswire/ -- Las Vegas
Sands (NYSE: LVS) was again recognized on the Dow Jones
Sustainability™ Indices (DJSI), with placement on both DJSI World
and DJSI North America for the fifth consecutive year. Sands China
Ltd., the company's Asian subsidiary, was named to DJSI World and
DJSI Asia Pacific for the third consecutive year.
Sands and Sands China are the only two companies out of 18
invited to participate in the Casino and Gaming
category listed on DJSI World this year. 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.
DJSI World comprises global sustainability leaders identified by
S&P Global through the Corporate Sustainability Assessment. It
represents the top 10% of the largest 2,500 companies in the
S&P Global Broad Market Index based on long-term economic,
environmental and social criteria. DJSI North America and DJSI Asia
Pacific 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 Broad Market Index based on the same
criteria.
"To close this year with our fifth consecutive placement on DJSI
speaks to the tremendous collaboration within many areas of our
company, all working hand-in-hand to advance our environmental,
social and governance initiatives," Katarina Tesarova, senior
vice president and chief sustainability officer, said. "We greatly
value DJSI as a benchmark for our performance as well as its
valuable feedback. To receive recognition on these lists is a
fantastic endorsement, but we also learn from the process every
year."
Sands has leveraged the S&P Global Corporate Sustainability
Assessment along with a number of external benchmarks and industry
standards to shape its corporate responsibility programs and
establish ESG targets, which have helped the company gain
recognition through DJSI as well as other corporate responsibility
rankings. Most recently, Sands was included on Newsweek's America's
Most Responsible Companies. The company ranked 60th out
of 600 companies included on Newsweek's list and first in the
hotels, dining and leisure industry.
Among the many targets Sands has set to drive its corporate
responsibility progress during its 2021-2025 ESG reporting cycle
are three primary ambitions aimed at increasing the company's
impact in the areas of workforce development, community service and
carbon emissions reduction. These ambitions map to Sands' People,
Communities and Planet corporate responsibility pillars.
Under the People pillar, Sands aims to invest $200 million in workforce development by 2025. As
of the end of 2023, Sands had invested $68
million in workforce development initiatives, bringing the
company's cumulative investment to $181
million since 2021.
Under its Communities pillar, Sands has set a target to
contribute 250,000 Team Member volunteer hours by 2025 to advance
causes in local regions. By the end of 2023, Sands Team Members had
logged 222,823 volunteer hours in support of local nonprofits and
community issues since 2021.
The company's primary ambition under the Planet pillar of its
corporate responsibility platform is to achieve a 17.5% reduction
in carbon emissions by 2025. As of the end of 2023, Sands' carbon
emissions-reduction performance was 50% below the base year,
despite resort visitation returning to pre-pandemic levels, which
drove energy consumption increases.
Sands will update on 2024 progress made toward these ambitions
in its next ESG report published in spring 2025.
The DJSI, including 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 is an annual evaluation of company sustainability
practices and covers over 13,000 companies globally. It measures
performance on a wide range of industry-specific economic,
environmental and social criteria that are relevant to the growing
number of sustainability-focused investors.
To learn more about Sands' ESG initiatives, read its latest ESG
report here: https://www.sands.com/resources/reports/.
About Sands (NYSE: LVS)
Sands is the
leading global developer and operator of 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 Londoner
Macao®, The Parisian Macao®, The
Plaza® Macao and
Four Seasons® Hotel Macao, and Sands® Macao in Macao SAR, China, through majority ownership in Sands
China Ltd.
Dedicated to being a leader in corporate responsibility, Sands
is anchored by the core tenets of serving people, communities and
the planet. The company's ESG leadership has led to inclusion on
the Dow Jones Sustainability Indices for World and North America, as well as Fortune's list of
the World's Most Admired Companies. To learn more, visit
www.sands.com.
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SOURCE Las Vegas Sands Corp.
