Sands Aims for 17.5% Reduction in Carbon Emissions by 2025

Rhea-AI Summary

Las Vegas Sands has unveiled its ambitious plan to cut carbon emissions by 17.5% by 2025 as part of its 2021 ESG Report. The strategy focuses on energy efficiency, renewable energy purchases, and reducing transportation emissions. Noteworthy initiatives include the Sands ECOTracker program and increasing electric vehicle charging stations. In 2021, Sands invested $4.3 million in energy initiatives and $62 million in sustainable services, earning recognition from top sustainability benchmarks, including the Dow Jones Sustainability Indices.

Positive

• Targeting a 17.5% reduction in carbon emissions by 2025 aligns with sustainability goals.
• Invested $4.3 million in energy efficiency projects and $62 million in sustainable products in 2021.
• Recognition in prestigious sustainability benchmarks, including the Dow Jones Sustainability Indices.

Negative

• None.

NORTHAMPTON, MA / ACCESSWIRE / January 11, 2023 / Las Vegas Sands:

Earlier this year, Sands released its 2021 Environmental, Social and Governance (ESG) Report, which included plans for its corporate responsibility program for the next five years and three new ambitions the company is targeting to achieve by 2025. Under the Planet pillar, Sands aims to achieve its science-based target of a 17.5% reduction in carbon emissions by 2025.

Sands' goal to achieve this reduction in carbon emissions aligns with the company's low-carbon transition strategy and reflects one of the five key environmental issues Sands has prioritized to reduce its impact. Sands' multi-faceted low-carbon strategy focuses on addressing energy efficiency, renewable energy and transportation.

ENERGY EFFICIENCY

Sands has several initiatives in place to reduce energy consumption and help propel a reduction in carbon emissions, including leveraging cutting-edge building technology to reduce utility use; implementing the Sands ECOTracker program, which drives additional conservation initiatives; and scaling creative process efficiencies.

RENEWABLE ENERGY

Although dense urban environments in Singapore and Macao lessen opportunities for local large-scale renewable energy projects, the company has committed to increasing purchase of renewable energy certificates in nearby regions to support the transition to zero-carbon grids. Sands also continually searches for and evaluates on-site renewable energy generation to complement existing solar photovoltaic and solar thermal systems.

TRANSPORTATION

While resort operations represent Sands' largest greenhouse gas footprint, guest transportation to and from properties is an important component of the company's low-carbon transition strategy. Sands intends to increase the number of guest electric vehicle (EV) charging stations, electrify equipment vehicles and transition guest shuttle buses to EV and alternative fuel sources. The company also plans to purchase nature-based carbon offsets to lessen its transportation footprint.

"We have achieved large, measurable emission reductions since the program's inception in 2010," said Katarina Tesarova, senior vice president and chief sustainability officer. "We design all of our buildings with sustainability in mind and continuously deploy the best available technology to reduce energy consumption and emissions. Our low-carbon transition strategy further builds out our renewable energy program to decarbonize our operations."

In 2021, Sands invested $4.3 million in energy-efficiency projects and spent $62 million in support of sustainable products and services, as well as maintained active partnerships with 26 environmental organizations. Sands' efforts have been again recognized by some of the world's most prestigious sustainability benchmarks, with the company included in 2021 on the Dow Jones Sustainability Indices for World and North America and the CDP Climate and Water A-Lists. Sands was the only hospitality company recognized with an "A" designation on both CDP lists.

To learn more about Sands' five-year ambitions and Planet initiatives, read the 2021 ESG Report at https://www.sands.com/content/uploads/2022/04/LVSC_ESG-Report-2021_spreads.pdf

View additional multimedia and more ESG storytelling from Las Vegas Sands on 3blmedia.com.

Contact Info:

Spokesperson: Las Vegas Sands
Website: https://www.3blmedia.com/profiles/las-vegas-sands
Email: info@3blmedia.com

SOURCE: Las Vegas Sands

View source version on accesswire.com:
https://www.accesswire.com/734828/Sands-Aims-for-175-Reduction-in-Carbon-Emissions-by-2025

FAQ

What is Las Vegas Sands' carbon emission reduction goal for 2025?

Las Vegas Sands aims for a 17.5% reduction in carbon emissions by 2025.

How much did Las Vegas Sands invest in sustainability projects in 2021?

Las Vegas Sands invested $4.3 million in energy efficiency projects and $62 million in sustainable services in 2021.

In what sustainability benchmarks is Las Vegas Sands recognized?

Las Vegas Sands is recognized in the Dow Jones Sustainability Indices and the CDP Climate and Water A-Lists.

What initiatives is Las Vegas Sands implementing to reduce emissions from transportation?

Las Vegas Sands plans to increase guest electric vehicle charging stations and transition shuttles to electric and alternative fuel.