Las Vegas Sands Shines on Dow Jones Sustainability Indices
Las Vegas Sands, a prominent player in the casino and gaming industry, has been named to the Dow Jones Sustainability Indices, reaffirming its commitment to sustainable practices. This marks the fourth consecutive year that the company has secured a spot on the DJSI World Index and the eighth time on the DJSI North America Index. Additionally, Sands China Ltd., the company's Asian subsidiary, earned its place on the DJSI World and DJSI Asia Pacific indices for the second year in a row.
Exclusive Recognition in the Casino and Gaming Category
Notably, Las Vegas Sands and Sands China are the only two companies within the casino and gaming category to be listed on the DJSI World this year, out of 19 companies invited to participate. In the DJSI North America category, Sands stands alone as the sole representative in the Casino and Gaming sector. Sands China also holds a unique position as one of just two companies in the Casino and Gaming category on the DJSI Asia Pacific index.
A Benchmark for Sustainability Excellence
The Dow Jones Sustainability Indices, including the DJSI World, were established in 1999 as a pioneering set of global sustainability benchmarks. These indices recognize companies that excel in sustainability practices, as assessed by the S&P Global Corporate Sustainability Assessment (CSA). The CSA evaluates companies based on industry-specific and financially relevant sustainability criteria, with a focus on long-term economic, environmental, and social performance.
Commitment to Corporate Responsibility and ESG Leadership
Patrick Dumont, president and chief operating officer of Las Vegas Sands, expressed the company's commitment to corporate responsibility and environmental, social, and governance (ESG) leadership. Dumont stated, "Our recognition on this premier global sustainability benchmark, following our recent inclusion as one of Newsweek's America's Most Responsible Companies, underscores the impact of our corporate responsibility initiatives and ESG leadership."
Sands' DJSI inclusions highlight the company's adaptability and dedication to transparency in reporting. It aligns with major methodology changes and public disclosure expectations for the CSA this year. Sands is focused on expanding its positive impact and continuously working towards its 2021-2025 ambitions in workforce development, Team Member volunteerism, and carbon emissions reduction.
A Sustainable Future
Under its corporate responsibility pillars—People, Communities, and Planet—Sands has ambitious goals for the future. The company aims to invest $200 million in workforce development by 2025, with significant progress already made. In addition, Sands continues to lead community engagement programs, contributing to hardship relief, education, and more.
In the area of environmental sustainability, Sands is committed to a 17.5% reduction in carbon emissions by 2025, building upon its significant progress in this regard. As it returns to normal business levels in 2023, Sands remains dedicated to its low-carbon transition initiatives.
Las Vegas Sands' ongoing commitment to sustainability and corporate responsibility showcases its dedication to making a positive impact on the world, both environmentally and socially. The company's recognition on the DJSI is a testament to its leadership in these critical areas.