LOW- CARBON TRANS I T I ON Guided by our science-based emissions reduction target and the ambitions of the United Nations Paris Agreement, our low-carbon transition strategy focuses on reducing our climate impact through energy efficiency, renewable energy and conversion to low-emission vehicles. AT A GL ANCE P I L L AR Planet APPROACH Low-Carbon Transition Energy Efficiency Deploy energy conservation projects and innovative technologies Renewable Energy Utilize on-site and off-site renewable energy generation and renewable energy certificates (RECs) Transportation Transition to low-emission vehicles and expand electric vehicle (EV) charging infrastructure 2025 TARGET 17.5% Scope 1 and 2 emissions reduction from a 2018 baseline 202 2 PERFORMANCE 50% Reduction from baseline Achieved1 We continue to look for ways to balance premium resort expectations and escalating energy requirements with our commitment to a low-carbon future. We remain dedicated to the proven energy conservation strategies we have deployed, while exploring new ways to address this dynamic environment. We understand this transition requires working with multiple stakeholders, and extending energy management outside of our organization is an area where we have tremendous opportunity. We have plans to work on several priorities such as exploring emissions reductions associated with items sourced from our suppliers, assisting meeting clients with carbon-neutral events and collaborating with retail and restaurant tenants to address their energy use. Accomplishments In undertaking emissions reduction initiatives, we must account for the complex systems required to operate facilities of our magnitude. Our energy and electrification projects are wide-ranging and diverse, exemplifying our long-standing and comprehensive plan for energy management. Energy Efficiency: In 2022, Sands China and Marina Bay Sands installed controls to reduce energy use while guests are away in over 3,300 hotel rooms. We also tackled remaining hard-to-convert incandescent and fluorescent lights: Marina Bay Sands upgraded its staff-only walkway network with LED lighting, while Sands China transitioned back-of-house washrooms to LED lighting, replacing 634 fixtures. LED lamps now represent 98% of our global lighting purchasing. Renewable Energy: Our steadfast commitment to renewable energy continued in 2022, with 151,000 MWh of renewable energy purchased from solar and wind farms and 235 MWh generated at Sands China’s hybrid solar thermal plant and Marina Bay Sands’ rooftop solar plant. Transportation: We also continue to make progress on EV transition. Sands China added six range-extended electric taxis at The Londoner Macao® and installed six electric motorcycle charging stations for TeamMembers. Marina Bay Sands added 13 hybrid vans to its in-house fleet. 57 More information and data on low-carbon transition can be found in the Appendix on page 57. Our integrated resorts provide a range of amenities under a single roof, with sizable requirements for lighting, cooling and heating our facilities, and transporting our guests. In 2022, the pandemic continued to impact visitation, causing energy consumption and greenhouse gas emissions (GHG) to remain at lower-than-baseline levels. Operation of our ferry jet service, between Hong Kong and Macao, continued to be suspended in 2022, resulting in historically low GHG emissions frommarine fuel. Despite these reductions, we anticipate business will continue to rebound, increasing energy consumption. In addition, enhancement to our properties’ luxury experience and incorporation of more EV charging stations and intelligent devices also will bring a corresponding increase in electricity usage. EXCEED I NG STANDARDS FOR SUSTA I NAB I L I T Y In 2022, Marina Bay Sands achieved the Events Industry Council’s Platinum certification for Sustainable Event Standards for Venues, adding another major designation to the resort’s Leadership in Energy and Environmental Design (LEED) Platinum and Green Mark Platinum certifications. To achieve this latest rating, Marina Bay Sands accomplished several milestones, including improving its comprehensive waste management plan to achieve its highest-ever recycling rate of 27% in 2021. The resort also invested in energy-saving initiatives, such as purchasing renewable energy from solar arrays across Singapore and installing LED lighting that reduced energy consumption by 15% in 2021 against a 2019 baseline and converting 99% of its vehicle fleet at Sands Expo® and Convention Centre to electric. Success in achieving leading environmental certifications also stems from a culture of sustainability at Marina Bay Sands, with TeamMembers accomplishing more than 358,000 sustainable actions since 2015. 1 The operational downturn associated with the global pandemic positively impacted this result. APPENDIX GOVERNANCE SOCIAL ENVIRONMENT OUR PERFORMANCE INTRODUCTION OUR STRATEGY 13 CLOSING
RkJQdWJsaXNoZXIy MTYzNzU=