Las Vegas Sands Corp. - LVS STOCK NEWS

Las Vegas Sands (NYSE: LVS) has released its 2023 ESG report, which reviews the midpoint of its 2021-2025 ambitions. The company has made significant strides in emissions reduction, reducing emissions by 50% from the 2018 baseline, surpassing its 2025 target of a 17.5% reduction. In workforce development, Sands has invested $181 million towards a $200 million goal, and in community volunteerism, it has logged 222,823 hours towards a new goal of 250,000 hours by 2025.

Key achievements in 2023 include Sands China's relicensing in Macao, the grand opening of The Londoner Macao, and the completion of phase one renovation at Marina Bay Sands. The company also received LEED Gold Certification for its new Las Vegas headquarters. Additionally, Sands spent $2 billion on local procurement and launched several initiatives to support local businesses and innovation.

Sands remains committed to its ESG goals, with continued efforts in low-carbon transition, waste reduction, and community support. The company was recognized by Fortune and Newsweek for its responsible and sustainable business practices.

Las Vegas Sands (NYSE: LVS) announced a multi-year partnership with six-time PGA Tour winner Collin Morikawa. Morikawa will support Sands' initiatives in resort programs and community development, focusing on youth and community revitalization. A $100,000 donation to the Maggie Hathaway Golf Course restoration in LA is part of the kickoff. Morikawa, who has a history of community support, will also aid in golf clinics and revitalization projects, including a potential integrated resort in Long Island if Sands secures a gaming license. The partnership aligns both parties in their commitment to youth development and strong communities.

On June 18, 2024, the UN observed Sustainable Gastronomy Day, emphasizing sustainable practices in cuisine. Sands, headquartered in Las Vegas, has adopted new sustainable initiatives, such as using Ōra King salmon in its Café Veranda. This high-quality, farm-raised salmon is certified by the Global Aquaculture Alliance for Best Aquaculture Practices.

Sands is also educating its team members and resort staff about sustainable food strategies. Over 200 restaurants are involved in promoting sustainable gastronomy. Recent initiatives include transitioning to cage-free eggs by 2028 and eliminating certain seafood like shark fin and bluefin tuna.

Sands' sustainability focus aims to impact the entire food value chain, from procurement to consumer education. Significant efforts include sourcing seafood certified by the Marine Stewardship and Aquaculture Stewardship Councils. For more information, readers are directed to Sands' 2023 ESG Report.

Las Vegas Sands (NYSE:LVS) and the Thurgood Marshall College Fund (TMCF) have selected 15 students from 10 historically Black colleges and universities (HBCUs) to participate in the Sands Hospitality Immersion Program in Las Vegas from June 16-22, 2024. This annual program aims to provide students with in-depth exposure to the hospitality industry through a series of educational sessions, industry interactions, and hands-on experiences. Participants, who are rising juniors and seniors, will engage with professionals across various hospitality sectors, enhancing their career prospects in travel, tourism, and leisure. The initiative supports LVS's commitment to workforce development and diversity in the hospitality industry.

Las Vegas Sands commemorates World Oceans Day 2024 by announcing multiple initiatives aimed at protecting ocean health. Notably, Marina Bay Sands collaborates with the World Wide Fund for Nature (WWF) to ensure sustainable seafood sourcing and ocean resiliency. This includes a $400,000 investment in aquaculture and fishery programs in the Asia-Pacific region, resulting in certifications like the ASC for shrimp farms in Malaysia. Sands China is actively participating in the Hong Kong Sustainable Seafood Coalition to enhance seafood traceability and sustainability.

The company’s efforts extend to responsible seafood sourcing policies, eliminating shark fin and limiting bluefin tuna in its restaurants. They also emphasize educational initiatives through art and science exhibits to raise awareness about ocean health. The ArtScience Museum’s Sensory Odyssey exhibit, for example, supported mangrove restoration in Malaysia.

These initiatives reflect Sands' commitment to sustainability, aiming to promote ocean conservation and responsible seafood practices.

Green Future Macao, part of the Sands Cares Accelerator, is making strides in recycling services in Macao through its environmental social enterprise, Sap Fong. Launched initially as a route-based service, Sap Fong shifted to a subscriber model and has quickly secured nearly 30 clients, recycling 90,000 kg of cardboard in late 2023. The Sands Cares Accelerator has provided key support, enabling Sap Fong to expand services and increase profitability. New initiatives include a trolley exchange program, temporary collection points, and income diversification opportunities for independent recycling workers. Green Future is also conducting educational tours to promote sustainable waste management and social inclusion. Plans for 2024 include increasing Sap Fong's client base by 50% and organizing six educational tours for high school students.

Las Vegas Sands (NYSE: LVS) and the Thurgood Marshall College Fund (TMCF) have announced the selection of 15 students from 10 historically Black colleges and universities (HBCUs) for the Sands Hospitality Immersion Program, held June 16-22 in Las Vegas. This initiative aims to expose students to career opportunities in the hospitality and tourism industry. Participants will engage in activities at the University of Nevada, Las Vegas, including learning sessions, industry speaker events, and practical experiences. The program also includes tours of integrated resorts, convention spaces, and sports venues, fostering a deeper understanding of the hospitality sector. The initiative supports workforce development and diversity in the industry.

On February 22, 2024, Las Vegas Sands announced a significant investment in the local arts and cultural scenes within their communities. Marina Bay Sands donated nearly $375,000 to the National Arts Council's Sustain the Arts (stART) Fund, establishing the Sands Innovative Arts Fund. This initiative supports emerging artists and innovative art in Singapore through a three-year partnership.

The resort's ArtScience Museum plays a pivotal role with programs like ArtScience Encounters and the ArtScience Residency. Additionally, its Art Path program features large-scale art installations. Sands China also contributes with the Sands Gallery and the Sands Performing Arts Program, hosting exhibitions and performances in Macao.

Sands' commitment underlines its dedication to cultural and artistic enrichment, aiming to foster creativity and innovation while supporting local artists and providing vibrant cultural experiences for community members and tourists alike.

Art Outreach Singapore's HEARTH program has completed its term in the Sands Cares Accelerator, transforming from a temporary initiative into a leading arts support system. Over three years, HEARTH has hosted 44 art showcases and aided 183 practitioners, providing exhibition spaces and professional development opportunities. Funded by Sands, the program also offers micro-grants and curatorial support. HEARTH's professional series has benefitted 282 artists and attracted over 35,000 visitors, many of whom were new to art exhibitions. With a new, museum-quality facility, HEARTH has set industry benchmarks and significantly increased the visibility of Singaporean artists.