Sands ECO360, the global corporate sustainability program of Las Vegas Sands (NYSE: LVS), under the Sands Cares corporate citizenship initiative, has released its 2015 report. The report is a reflection of a five-year journey detailing the company’s aspiring global sustainability strategy, which serves as its roadmap for continuous improvement of environmental stewardship at its properties around the world. The multi-faceted strategy has resulted in LVS achieving significant “green” milestones that have earned a number of sustainability designations and awards by key industry authorities.
To achieve its ambitious five-year goals set in 2011, LVS built its sustainability strategy around four key pillars to achieve the greatest environmental impact, including Green Buildings, Environmentally Responsible Operations, Green Meetings and Stakeholder Engagement. Through this holistic approach, LVS met its targets in the following areas:
- LVS exceeded its carbon footprint target, with an 8.1 percent reduction from the 2010 baseline for existing properties and a 19.6 percent reduction from the 2012 baseline for newly opened properties.
- LVS improved its waste diversion rate by 11.5 percent and 12.2 percent over baseline at existing buildings and newly opened properties respectively. More than 24,000 tons of materials were diverted/recycled, which represents 30 percent of the company’s waste.
- LVS reduced electricity consumption over baseline by 16.8 percent in existing properties and 11.8 percent in newly opened properties.
Aggressive water conservation projects have resulted in a 2.6 percent reduction in water consumption in the last year. With continued focus in this area, LVS expects this trend to continue in the future.
“Leading the global sustainability efforts of the organization affords me with the unique opportunity of seeing first-hand the tremendous efforts our team members make on a daily basis to reduce our impact on the environment,” said Katarina Tesarova, vice president of global sustainability for LVS. “Developing and implementing a comprehensive sustainability strategy focused on leaving a responsible, cleaner, and safer world for future generations is incredibly rewarding.”
LVS has been able to extend its expertise and learnings to its meeting and convention clients through its industry-leading green meetings program. The Sands ECO360 Meetings program, established in 2011, supports forward-thinking clients in making their events more sustainable, offering environmentally preferable options to meeting planners and clients.
LVS was recognized in the 2015 CDP’s Climate A-List and Climate Disclosure Leadership Index for management and measurement of greenhouse emissions, and was also listed in the 2015 Dow Jones Sustainability Indices (DJSI) for its industry-leading corporate sustainability efforts in North America. Additionally, the company continuously ranks among the best gaming and hospitality companies in the Newsweek Green Rankings. In 2016, LVS was the highest rated hospitality company in the U.S.
LVS aligned its 2015 reporting to the Global Reporting Initiative’s (GRI) G4 Sustainability Reporting Guidelines at the Core level. To obtain additional information and to download the 2015 Sands ECO360 Report in its entirety, please visit sands.com/sands-eco-360/our-vision.html. Additionally, the company’s official blog, Sands Confidential, will be showcasing highlights from the report as well. Furthermore, be sure to follow company posts on social media by utilizing the hashtag #ECO360.