The report marks the company’s first annual measurement against its revised sustainability goals, building upon the success and key learnings of original targets set in 2011 and reported on through 2015. The Sands ECO360 global sustainability program now aligns its environmental performance targets with the United Nations Sustainable Development Goals and science-based targets.
The Sands has established its sustainability strategy around four key pillars to achieve the greatest impact, including Green Buildings, Environmentally Responsible Operations, Green Meetings and Events, and Stakeholder Engagement. While these pillars remain the core of Sands ECO360, they have incorporated the use of two guiding principles to set its sustainability goals for the next five years: the United Nations Sustainable Development Goals (SDGs) and science-based targets methodology.
The company reached a number of significant milestones in 2016, including:
- Completed 84 different energy efficiency projects across LVS’ portfolio of properties worldwide, expected to save more than 31 million kilowatt hours of electricity use.
- Achieved a combined 31 percent waste diversion rate globally. In particular, LVS successfully hosted Asia’s first-ever zero waste to landfill event at its Marina Bay Sands resort in Singapore on behalf of the 5th Responsible Business Forum on Sustainable Development.
- Excluding the newly opened St. Regis and The Parisian Macao, LVS reduced its absolute emissions by 9.1 percent, water consumption by 5.7 percent and electricity consumption by 4.4 percent from 2015 across all existing properties.
- The company’s 50,000 team members, along with green meeting clients, completed more than 260,000 actions inspired by Sands ECO360 in 2016, such as carpooling to work, installing water efficient fixtures at home and building hygiene kits with repurposed amenities from LVS resorts for nonprofit partner Clean the World to support hygiene-vulnerable populations around the world.
Comprehensive report can be found here