GLOBAL GOALS, OUR TARGETS

The world has changed significantly over the past years. Our portfolio is growing and new challenges are emerging, but technology is also creating unprecedented opportunities. Business, government, and the public sector are joining forces on a global agenda for development. Two key developments stand out to us: the UN Sustainable Development Goals and science-based targets.
 
In 2011, we started our first five-year environmental reporting cycle. After publishing the last report of the cycle in 2016, we have now set 2020 performance targets with 2015 as our new baseline. We’ve stuck to our actionable five-year timeframe, but our targets sit within a 2030 horizon, aligned with the Sustainable Development Goals.

UN Sustainable Development Goals (SDGs)

The 17 global goals have been embraced by countries, cities, and companies since their launch in 2016. After reviewing and analyzing the framework, we identified three goals (SDG6 on water, SDG7 on energy, and SDG12 on responsible consumption) where as an organization we can make the most meaningful impact. Under each goal, we selected one or more targets that we are incorporating into our strategy through long-term external and internal targets. In some of these areas, we have a foundation to build on; in others, we are just beginning.

We aligned our 2020 targets with the following Sustainable Development Goals 2030 targets:
 

Emissions (SDG7 Affordable and Clean Energy)

• Double the global rate of improvement in energy efficiency.
• Increase substantially the share of renewable energy in the global energy mix.



 

Water (SDG6 Clean Water and Sanitation)

• Substantially increase water-use efficiency across all sectors.



 

Waste (SDG12 Responsible Consumption and Production)

• Substantially reduce waste generation through prevention, reduction, recycling, and reuse.
• Halve per capita global food waste.

 

 


Science Based Targets

SDG7 calls for reduced emissions and improved energy efficiency. We used the science-based targets methodology to calculate proportionate carbon emission reduction goals. To best reflect our business, we separated our emissions by resort and ferry operations. Science-based targets provide companies with a clearly defined pathway to future-proof growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions.

The key development for us was the opening of two new resorts. Our new reporting cycle includes The St. Regis Macao (508,000 sq. ft./400 rooms) and The Parisian Macao (3,800,000 sq. ft./2,951 rooms) for the first time. They are top-notch green buildings. By 2020, we aim to not only reduce the emissions at our existing operations but also offset any emissions of these two new resorts.


Our 2016-2020 targets infographic