Sands Announces Sponsorship of 2024 Clinton Global Initiative Meeting in New York City

Rhea-AI Summary

Las Vegas Sands (NYSE: LVS) has announced its role as a presenting partner sponsor for the upcoming Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City. This sponsorship aligns with Sands' commitment to addressing global challenges under its corporate responsibility program's pillars: People, Communities, and Planet.

Key initiatives include:

• Investing $200 million in workforce development by 2025
• Contributing 250,000 Team Member volunteer hours by 2025
• Achieving a 17.5% reduction in emissions by 2025 compared to 2018

The company's support of CGI reflects its dedication to economic empowerment, diversity, hardship relief, and climate change mitigation. Sands' involvement aims to foster important dialogue and contribute to global action on pressing challenges.

Positive

• Sponsorship of a high-profile global leadership event (CGI) enhancing company's reputation
• Progress towards $200 million workforce development goal with $181 million spent since 2021
• 50% reduction in emissions achieved in 2023 despite increased energy consumption
• Commitment to contribute 250,000 Team Member volunteer hours by 2025

Negative

• None.

The company's support of the premier global leadership event represents its aligned commitment to addressing economic empowerment, diversity, hardship relief and climate change.

LAS VEGAS, Sept. 17, 2024 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) today announced it will be a presenting partner sponsor of the upcoming Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City, building on the company's commitment to addressing economic, social and environmental issues for the betterment of its regions around the world.

The CGI meeting coincides with the U.N. General Assembly and brings together business, government and civil society leaders to drive progress on climate resilience, inclusive economic growth and recovery, health equity, the full participation of women and girls, and humanitarian response efforts to crises around the globe. Since its inception, the CGI has driven more than 4,000 commitments to action in its priority areas, which have improved the lives of nearly 500 million people in more than 180 countries. 

"This event has fostered important dialog and established ongoing, forward-thinking global action for tackling the world's most pressing challenges," Sands Chairman and CEO Robert G. Goldstein said. "Our support is indicative of our commitment to helping advance CGI priorities, as well as being part of the conversation to learn how our company can meaningfully contribute to these areas."

"At CGI this year, we're bringing together hundreds of leaders from across sectors to not only discuss pressing issues facing the world, but also to take action," Greg Milne, CEO of the Clinton Global Initiative, said. "We're grateful to Las Vegas Sands for helping to make the CGI 2024 Annual Meeting possible and supporting a community of organizations from the public and private sectors who are implementing solutions to our greatest challenges."

Sands focuses its work to address global and regional challenges under the People, Communities and Planet pillars of its corporate responsibility program, which drives the company's efforts to promote workforce development and economic empowerment; advance diversity, equity and inclusion; help eliminate barriers and uplift disadvantaged populations; and ensure ongoing progress in addressing climate change and preserving the planet's vital resources.

Specifically, Sands has set actionable goals to make tangible progress under each pillar:

People – By 2025, the company aims to invest $200 million in workforce development, which encompasses Team Member advancement, local business and supplier development, and hospitality education in its regions. Since 2021, the company has spent $181 million toward its 2021-2025 workforce development ambition in support of advancing economic empowerment.

Communities – Sands is committed to building resiliency and making its communities ideal places to live, work and visit through its Sands Cares community engagement program, which prioritizes addressing hardship relief and supporting disadvantaged populations, advancing education, building the capabilities of nonprofit organizations to solve pressing problems, and promoting the cultural and natural heritage of its local regions. By 2025, Sands aims to contribute 250,000 Team Member volunteer hours toward these priorities, augmenting its philanthropic investments.

Underpinning the company's work in its People and Communities pillars is its dedication to advancing diversity, equity and inclusion through Team Member and supplier programs, along with supporting diverse community organizations to help remove systemic barriers and create opportunities for underrepresented groups.

Planet – To address climate change, Sands has set a target to achieve a 17.5% reduction in emissions by 2025, as compared to a 2018 baseline. In 2023, the company reduced emissions by 50%, even as energy consumption increased with business returning to pre-pandemic levels. The reduction is representative of Sands' persistent approach to energy-efficiency projects and commitment to renewable energy certificate purchases.

Under the Planet pillar, the company is focused on core environmental priorities in the areas of low-carbon transition, waste, materials and resources, and water stewardship, led by the Sands ECO360 global sustainability program.

About Sands (NYSE: LVS)
Sands is the leading global developer and operator of integrated resorts.

Our iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make our host regions ideal places to live, work and visit.

Sands' portfolio of properties includes Marina Bay Sands in Singapore and The Venetian Macao, The Londoner Macao, The Parisian Macao, The Plaza and Four Seasons Hotel Macao, and Sands Macao in Macao SAR, China, through majority ownership in Sands China Ltd.

Sands is dedicated to being a leader in corporate responsibility, anchored by our core tenets of serving people, planet and communities. Our ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and North America. To learn more, visit www.sands.com.

 

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SOURCE Las Vegas Sands Corp.

FAQ

What is Las Vegas Sands' (LVS) role in the 2024 Clinton Global Initiative meeting?

Las Vegas Sands (LVS) will be a presenting partner sponsor of the 2024 Clinton Global Initiative (CGI) meeting on Sept. 23-24 in New York City.

What are the main pillars of Las Vegas Sands' (LVS) corporate responsibility program?

Las Vegas Sands' (LVS) corporate responsibility program focuses on three main pillars: People, Communities, and Planet.

What is Las Vegas Sands' (LVS) workforce development investment goal by 2025?

Las Vegas Sands (LVS) aims to invest $200 million in workforce development by 2025, with $181 million already spent since 2021.

What is Las Vegas Sands' (LVS) emissions reduction target for 2025?

Las Vegas Sands (LVS) has set a target to achieve a 17.5% reduction in emissions by 2025, compared to a 2018 baseline.