News | February 10, 2023
Las Vegas Sands and Sands China Ltd. were again included in the S&P Global Sustainability Yearbook 2023, with Sands receiving designation among the top 1% of the Casinos & Gaming category’s top-performing companies. Sands China was listed among those scoring within 5 to 10 percent of the industry’s top-performing company.
At the corporate level, Sands also was named an Industry Mover, designating companies scoring within their industry’s top 15 percent while achieving score improvements of at least five percent and the strongest improvement in their industry. Sands was the only company in the Casinos & Gaming category to receive distinctions among its industry’s top 1 percent and as an Industry Mover.
The comprehensive annual overview of the state of corporate sustainability around the world is based on evaluation of the environmental, social and governance (ESG) performance of more than 7,800 companies for the 2022 Corporate Sustainability Assessment (CSA). Distinctions were calculated against the top-performing company in each industry, and exclusions were applied thereafter. This year, only 708 top-performing companies made it into the yearbook.
Sands’ distinction in the S&P Global Sustainability Yearbook 2023 is the latest in several recognitions from the world’s leading reputational benchmarks measuring ESG performance. Sands recently earned repeat designation on Newsweek America’s Most Responsible Companies 2023 list, ranking 72nd out of 500 total companies included. In November 2022, Sands was recognized on the Dow Jones Sustainability Indices (DJSI), with placement on the DJSI World Index for the third consecutive year and the DJSI North America Index for the seventh time. Sands China was named to the DJSI World Index for the first time, along with a repeat appearance on the DJSI Asia Pacific Index.
“Our inclusion in the S&P Global Sustainability Yearbook 2023, as well as other in prestigious designations, speaks to the value we are delivering to environmental sustainability, our host communities and especially our Team Members, investors and business partners,” said Katarina Tesarova, senior vice president and chief sustainability officer at Sands. “These recognitions demonstrate our progress in making positive impact, as well as our commitment to addressing the most important ESG topics for our business and stakeholders.”
Sands’ global corporate responsibility strategy encompasses an expansive body of work built on the pillars of People, Communities and Planet. The company is focused on being the employer and partner of choice in its regions; helping maintain its communities’ strength as valuable places to live, work and visit; and diligently working to protect ecological health by reducing its impact on the environment. As part of its 2021-2025 ESG reporting period, Sands has set targets to invest $200 million in workforce development under the People pillar, contribute 150,000 Team Member volunteer hours under the Communities pillar and achieve a 17.5% reduction in carbon emissions under the Planet pillar.
To learn more about Sands’ corporate responsibility work, read the 2021 Environmental, Social and Governance (ESG) Report: https://www.sands.com/content/uploads/2022/04/LVSC_ESG-Report-2021_spreads.pdf