GlobalData offers a comprehensive analysis of MGM China, 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 MGM China’s ESG performance. GlobalData’s company profile on MGM China 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.
MGM China, a leading hospitality and entertainment company, is committed to reducing its carbon footprint. The company is committed to achieving a 13% reduction in energy consumption by 2025, measured against a 2019 baseline. The company aims to attain its peak carbon emission by 2030, showcasing a proactive approach towards environmental sustainability and aligning with global efforts to combat climate change. Additionally, the company aims to reduce bottled water consumption by 90% compared to a 2018 baseline. It also aims to eliminate 100% single-use plastics by 2030.
In 2022, MGM China successfully achieved a 41% reduction in greenhouse gas (GHG) emissions intensity compared to 2019, while reduced its energy consumption intensity by 29% compared to 2019, showcasing a dedicated effort towards energy efficiency and sustainable practices. The company recorded a cumulative greenhouse gas (GHG) emission of 111,641 tCO2e, encompassing both Scope 1 and Scope 2. Within this, direct GHG emissions (Scope 1) accounted for 6,400 tCO2e, while indirect GHG emissions (Scope 2) amounted to 105,240 tCO2e. The GHG emissions intensity for the corresponding period stood at 0.19 tCO2e/m2, emphasizing a dedication to decreasing environmental impact per unit of floor area.
MGM China acknowledges the importance of addressing climate change and is actively working towards reducing its emissions. The company diligently adheres to the environmental laws and regulations set forth by the Environmental Protection Bureau ("DSPA") of the Macau SAR Government. The company is committed to elevating its sustainability performance through a comprehensive sustainability policy, a robust environmental framework, and collaborative efforts across various departments. Going beyond mere compliance, MGM China actively engages with government entities such as DPSA and MGTO, as well as industry leaders, to spearhead initiatives focused on energy conservation, carbon reduction, and waste recycling. The company has taken steps to manage and mitigate climate-related issues, and it is expected to continue investing in emission reduction initiatives in the future.
In conclusion, MGM China is committed to addressing climate change and reducing its greenhouse gas emissions. By prioritizing sustainability and investing in emission reduction initiatives, MGM China is working towards a more sustainable future.