Las Vegas Sands Recognised for Sustainability Leadership for Fifth Year

Las Vegas Sands and its subsidiary Sands China have once again secured spots on global sustainability benchmarks, the Dow Jones Sustainability Indices (DJSI). This marks the fifth consecutive year for Las Vegas Sands on DJSI World and DJSI North America, while Sands China remains listed on DJSI World and DJSI Asia Pacific for the third year in a row.

ESG Commitments

The recognition highlights the company’s dedication to environmental, social, and governance (ESG) initiatives. Las Vegas Sands is the sole representative of the Casino and Gaming sector on DJSI North America, while Sands China is one of just two companies in DJSI Asia Pacific. Notable achievements include a 50% reduction in carbon emissions compared to the baseline year, contributing to its 2025 ESG targets.

Senior Vice President and Chief Sustainability Officer Katarina Tesarova commented on the achievement:
“We greatly value DJSI as a benchmark for our performance as well as its valuable feedback. To receive recognition on these lists is a fantastic endorsement, but we also learn from the process every year.”

The company’s 2021-2025 ESG strategy focuses on workforce development, community service, and sustainability. By late 2023, Sands had:

• Invested $181 million toward a $200 million workforce development goal.
• Logged 222,823 volunteer hours, progressing toward its 250,000-hour target by 2025.

Environmental Achievements

Despite increased energy use due to pre-pandemic visitation levels, Sands achieved a 50% reduction in carbon emissions and remains committed to reducing emissions by 17.5% by 2025.

Additional Recognition

The company was also featured in Newsweek’s 2024 ranking of America’s Most Responsible Companies, placing 60th overall and first in the hotels, dining, and leisure category.

Financial Performance and Future Plans

In its Q3 financial update for 2024, Las Vegas Sands reported a 4.3% year-on-year revenue drop to $2.68 billion, alongside a 21.4% decline in net income to $353 million. However, the company announced future initiatives, including $2 billion in share buybacks, a dividend increase for 2025, and $539 million in investments for developments in Macao and Singapore.

Las Vegas Sands’ consistent presence on global sustainability indices underscores its leadership in advancing ESG principles within the gaming industry.