News | February 1, 2023
Sands has again been recognized by Newsweek as one of America’s Most Responsible Companies for 2023. The company ranked 72nd out of 500 total companies included, second in the Hotels, Dining & Leisure category and the highest among integrated resort companies included on the list. Sands’ ranking in America’s Most Responsible Companies 2023 was a significant jump over its 2022 position at 136th on the list.
Sands environmental score of 87.37 out of 100 on America’s Most Responsible Companies 2023 was the company’s highest rating, demonstrating its leadership in environmental responsibility. Led by the Sands ECO360 global sustainability program, Sands’ environmental priorities are to address low-carbon transition, water stewardship, waste, plastic and packaging, and responsible sourcing. The company’s primary ambition under the Planet pillar of its corporate responsibility platform is to achieve a 17.5% reduction in carbon emissions by 2025.
Sands also scored above 80 in the social category on Newsweek’s listing, reflecting its commitment to supporting people and making local communities great places to live, work and visit. Inclusion on Newsweek’s America’s Most Responsible Companies 2023 follows Sands’ recent designations on the DJSI World, North America and Asia Pacific indices.
“Our repeat inclusion on Newsweek’s annual list is an endorsement of our progress in delivering positive social and environmental impact for our regions and the responsible commitment we bring to our business,” said Ron Reese, senior vice president of global communications and corporate affairs, who spearheads corporate responsibility initiatives for the company. “Yet, we continue to push our performance to higher levels with new programs and the set of overarching ambitions we have identified in our key focus areas of People, Communities and Planet.”
Under the People pillar of its corporate responsibility platform, Sands aims to build the workforce of the future, through professional growth and advancement for Team Members and the local labor pool, especially small and medium enterprises; health, safety and well-being; diversity, equity and inclusion; protection of fundamental human rights and freedoms; and responsible gaming and business practices. Sands’ target ambition in this area is to invest $200 million in workforce development by 2025.
The global Sands Cares community engagement program leads Sands’ Community pillar and drives efforts to address hardship relief; promote educational opportunities and learning resources, especially for underserved groups; advance local business and nonprofit partners; provide disaster relief and preparedness support; and preserve and protect the cultural and natural heritage of host communities. Under the Communities pillar, Sands has set a target to contribute 150,000 Team Member volunteer hours by 2025 to accelerate impact in local regions.
The candidate pool for the Newsweek’s America’s Most Responsible Companies includes the top 2,000 public companies by revenue and banks and insurance companies with total assets exceeding $50 billion. The analysis includes two metrics. The first area encompasses quantitative data from KPI (key performance indicator) research, and more than 30 KPIs from the three areas of corporate social responsibility (CSR) were considered for the ranking. The second metric was the CSR reputation of each company from an extensive survey of 13,000 U.S. residents. Respondents were asked to select companies familiar to them and then to evaluate the company’s CSR performance in general and in the three sub-dimensions: social, environmental and governance. The top 500 companies with the highest scores were ranked and included on the list.
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