Wednesday, July 10, 2024 Las Vegas Sands has unveiled its latest environmental, social, and governance (ESG) report, detailing the company’s substantial progress in 2023 towards the corporate responsibility priorities set for the 2021-2025 reporting period. The report indicates that Sands is on track to meet or exceed its goals in emissions reduction, workforce development, and community volunteerism. Sands aimed for a 17.
5% reduction in emissions by 2025, but has already achieved a remarkable 50% reduction from a 2018 baseline as of 2023. This significant achievement underscores the company’s commitment to environmental sustainability. In pursuit of its goal to invest $200 million in workforce development by 2025, Sands has allocated $181 million to date.
In 2023 alone, $68 million was invested to enhance the skills and career opportunities of Team Members and local talent within the hospitality industry. This funding supports various training and development programs, including the $1 million Sands Hospitality Scholarship Program in Singapore. Originally targeting 150,000 volunteer hours by 2025, Sands surpassed this milestone by the end of 2022.
Consequently, a new target was set at 250,000 volunteer hours by 2025. By the end of 2023, Sands had accumulated 222,823 volunteer hours, demonstrating strong progress towards this ambitious goal. 2023 was a pivotal year for Sands, marked by several significant achievements.
Notably, Sands China received relicensing in Macao an.
