According to ESG report, Las Vegas Sands invests US$ 56 million in 2022 to reach 2025 goal

Previously, the operator announced spending $200 million on workforce development initiatives to develop local talent and team members in the hospitality industry.

This was revealed by Sands in its environmental, social and governance (ESG) report. The report outlines the company’s 2022 progress against established corporate responsibility goals for the period 2021–2025.

The new 2025 target will be announced in the 2023 ESG Report. Sands donated 192,330 volunteer hours, surpassing its 2025 target of 150,000 team members, supporting local communities in just two years.

In environmental terms, greenhouse gas emissions continued to be below the 2018 baseline for Sands’ 2025 emissions reduction target of 17.5%, reaching a 50% reduction in 2022.

Despite the effects of the pandemic, the company has taken several reduction initiatives to meet its 2025 targets.

To save energy, Sands properties have installed controls in 3,300 hotel rooms by 2022. Additionally, they are switching to LED options.

In addition to producing 235MW hours of solar power plants, Sands purchased 151,000MW hours of renewable energy certificates. They also added more electrical charging stations.

Katarina Tesarova, senior vice president and chief sustainability officer, said, “We’ve set goals that drive the company to achieve tangible results, and the work we’ve outlined towards those ambitions has put us on a solid path to achieving our goals.”

“In addition to these three core ambitions, we have a full range of core priorities across our People, Communities and Planet pillars that have also made a significant impact and are summarized in the report,” he said.

Sands’ achievement in 2022 was highlighted in the Dow Jones Sustainability Indices (DJSI) for the world and North America. Sands China was also named to the DJSI World Index for the first time.