GlobalData offers a comprehensive analysis of Las Vegas Sands, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on Las Vegas Sands‘s ESG performance. GlobalData’s company profile on Las Vegas Sands offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
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Las Vegas Sands, a prominent global developer and operator of integrated resorts, is dedicated to decreasing its carbon emissions. In addressing core sustainability topics, the company has devised a series of initiatives to minimize environmental impact, preserve natural resources, and fulfill its commitment to planetary protection. These efforts cover low-carbon transition, waste management, plastic and packaging reduction, sustainable sourcing, and water stewardship across building design, resort management, operations, and events. Aligned with a science-based emissions reduction target and the UN Paris Agreement, their strategy prioritizes energy efficiency, renewable energy adoption, and low-emission vehicles.
Las Vegas Sands actively pursues the reduction of its greenhouse gas (GHG) emissions across all scopes, encompassing scope 1 (direct emissions), scope 2 (indirect emissions from purchased electricity), and scope 3 (indirect emissions from sources not owned or controlled by the company). According to the ESG report for 2022, the company's GHG emissions included scope 1 at 58,341 MT CO2e, scope 2 GHG emissions (location-based and market-based) at 443,064 and 373,003 MT CO2e, respectively, and scope 3 GHG emissions at 642,008 MT CO2e. The report offers a detailed breakdown of emissions by property for Sands China Limited in 2022, covering The Venetian Macao, The Parisian Macao, Plaza Macao, The Londoner Macao, Sands Macao, and Cotai Water Jet. The company has established a goal to attain a 17.5% reduction in Scope 1 and 2 emissions from the 2018 baseline by 2025. As of 2022, the company has successfully achieved a 50% reduction from the baseline.
Las Vegas Sands has taken significant steps to reduce its emissions and the company has implemented a comprehensive management system that meets accreditation requirements for greenhouse gas validation and verification. This ensures that the company's emissions data is accurate and reliable. The company has also made investments in renewable energy generation and solar thermal heat pumps are used at The Londoner Macao, and solar electricity generation is implemented at Marina Bay Sands. Additionally, Las Vegas Sands has obtained renewable energy certificates (RECs) to offset its energy consumption.
In terms of waste management, the company has made efforts to divert waste from disposal. The ESG report mentions that a significant amount of waste has been diverted from landfill and incineration, contributing to the company's sustainability goals. The company has established both internal and external qualitative and quantitative targets for waste management. These targets include achieving a 25% reduction in food waste and a 5% increase in operational waste diversion by 2025.
In conclusion, Las Vegas Sands is dedicated to reducing its carbon emissions and the company has realized a comprehensive management system, invested in renewable energy generation, and made progress in waste diversion. By taking these steps, Las Vegas Sands is actively working towards a more sustainable future in the hospitality and entertainment industry.
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