TCFD I NDEX CONT I NUED Climate Risk Assessment Management Climate-related risks such as sea level rise, severe weather, temperature fluctuations and flooding are projected on short-, medium- and long-term time horizons (2022, 2030 and 2050). We aligned climate risk assessment with the following scenarios: RCP 2.6, RCP 4.5 and RCP 8.5. We utilize publicly available tools and models (e.g., WWF Water Risk Filter, WRI Aqueduct, IPCC reports, IEA NZE and STEPS scenarios data and Climate Central) in conjunction with a third-party proprietary model and internal calculations and measurements. The scope of the climate risk assessment covers Sands’ operations in our two existing regions (Macao and Singapore) with the exception of one carbon-pricing scenario that includes upstream and downstream activities. We have calculated the impact of certain climate-related risks, such as carbon pricing and increases in utility costs due to long-term increases in temperature. The strategic and financial impact of other climate-related risks is still being assessed. Climate-risk mitigation measures include acquisition of insurance policies to address severe weather events and development of business continuity plans. Business continuity and disaster-recovery plans are updated periodically, with the most recent revision currently in progress. In addition, energy- and water-efficiency projects, along with our approved sciencebased emissions-reduction goal and renewable energy strategy, help lower utility consumption and offset costs related to potential increases in temperature. Climate-Related Targets 2025 Notes Reduction in emissions from a 2018 baseline 17.5% We have aligned with a science-based target methodology approved by the SBTi. Increase in operational diversion rate from a 2019 baseline 5% Waste generation and diversion impacts the company’s Scope 3 emissions. Prevention, rescue or diversion of food waste 25% Waste generation and diversion impacts the company’s Scope 3 emissions. Branded water bottles are reusable or made from sustainable materials 100% This target indirectly impacts climate change through Scope 3 emissions. Reduction in potable water use per square foot from a 2019 baseline 3% This target indirectly addresses potential water stress associated with climate change. Climate-Related Metrics and Tools Reference Risks and Opportunities Scope 1, 2 and 3 emissions ESG Report p. 58 Heat stress Carbon tax schemes and climate regulations Inability to meet our ESG commitments Energy (consumption, intensity and renewable energy) ESG Report p. 59 Heat stress Carbon tax schemes and climate regulations Inability to meet our ESG commitments Efficiency projects ESG Report p. 59 Building operations efficiency Operational waste diversion rate ESG Report p. 61 Carbon tax schemes and climate regulations Reputational risk Food waste prevention, rescue and diversion ESG Report p. 61 Carbon tax schemes and climate regulations Reputational risk Sustainable branded water bottle use ESG Report p. 62 Reputational risk Water (consumption, intensity, withdrawal, discharge and reclaimed) ESG Report p. 65 Water stress Energy costs (electricity, chilled water, hot water, natural gas, liquefied petroleum gas and renewable energy) Internal Heat stress Carbon tax schemes and climate regulations Inability to meet our ESG commitments Building operations efficiency Alternative energy and water sources Cooling degree hours Internal Heat stress Efficiency savings ESG Report p. 59 Building operations efficiency Alternative energy and water sources WRI Aqueduct Water Risk Atlas Publicly available Sea level rise and coastal flooding Water stress WWFWater Risk Filter Publicly available Sea level rise and coastal flooding WTWClimate Diagnostic Tool Internal Physical risks Insurance costs Internal Increased severity of extreme weather events and humidity Stakeholder engagement Internal Changes in consumer preferences Reputational risk Sustainable options Legal and regulatory registry Internal Carbon tax schemes and climate regulations ESG frameworks (DJSI, CDP) Publicly available Reputational risk Metrics and Targets APPENDIX GOVERNANCE SOCIAL ENVIRONMENT OUR PERFORMANCE INTRODUCTION OUR STRATEGY 107 CLOSING
RkJQdWJsaXNoZXIy MTYzNzU=