MACAO, Aug. 1, 2024
/PRNewswire/ -- Sands China Ltd. has earned Top 1% rankings
in both the China edition
and the Global edition of the S&P Global
Sustainability Yearbook 2024, a testament to the company's
impressive ESG (environmental, social and governance)
achievements.
This recognition highlights Sands China's accomplishments across
its three corporate responsibility pillars: People, Community
and Planet. With the concerted efforts of its 26,000 team members
and community partners, Sands China is the only company in the
Casinos & Gaming industry category to achieve this
distinction.
Regarded as one of the most prestigious publications for
analysing sustainability efforts in the business world, the S&P
Global Sustainability Yearbook recognised Sands China with a Top 1%
ranking in both the China and
Global editions this year. This assessment is based on the
company's score in S&P's 2023 annual Corporate Sustainability
Assessment (CSA).
More than 1,700 companies across 60 industries from mainland
China, Hong Kong and Macao were assessed in the China edition of the 2024 yearbook. Sands
China was one of only 12 companies
achieving Top 1% ESG performance.
In the Global edition, Sands China was among only 66
companies that scored Top 1% ESG performance. The yearbook assessed
over 9,400 companies across 62 industries.
Grant Chum, chief executive
officer and executive director of Sands China Ltd., said: "We are
thrilled and honoured to be recognised by S&P Global for our
efforts in corporate sustainability. We extend our gratitude to our
team members for their dedication to supporting the company's
sustainable development strategy as we strive for excellence in
ESG. Being recognised as an ESG leader in China is a significant achievement, but being
in the top 1 percent globally and the global leader in our industry
for ESG is even more gratifying. With our deep roots in
Macao for over 20 years, Sands
China remains committed to our three corporate responsibility
pillars, People, Community, and Planet, and we dedicate this honour
to our devoted team members, suppliers, and community partners for
their unwavering efforts in sustainability."
Sands China's exceptional ESG
performance is exemplified by its 2.33 million hours of workforce
training in 2023 and a 17.5% reduction in gas emissions ahead of
schedule. Additionally, the company's volunteer team, the Sands
Cares Ambassadors, has contributed more than 310,000 hours of
voluntary community service over the years.
S&P Global's 2023 Corporate Sustainability Assessment
(CSA) is an evaluation of the sustainability practices of
companies from around the world, with only those performing in the
top 15 percent of their industries included in the Global
Sustainability Yearbook. It uses a consistent, rule-based
methodology to convert an average of 1,000 data points per company
to an S&P Global CSA Score.
The underlying metrics, questions, and criteria that make up the
scores are weighted according to their relevance and materiality
within each industry, and cover a comprehensive range of governance
and economic, environmental, and social categories, including
transparency and reporting, business ethics, climate strategy,
labor practice indicators, human rights, and human capital
development. With 62 industry-specific questionnaires each
containing more than 100 questions covering an average of 23
different key themes, the CSA data is convincing, insightful and
actionable.
In addition to the Global Sustainability Yearbook, S&P
Global has also recognised Sands China's ESG achievements in the
Dow Jones Sustainability Indices (DJSI). In 2023, Sands China was
listed in the DJSI World and DJSI Asia Pacific indices, marking the
company's second consecutive year on the world index and its third
on the Asia Pacific index. The
DJSI is one of the most highly recognised indices for corporate
sustainability and is considered the gold standard for measuring
and advancing global ESG efforts.
Sands China executes its ESG
efforts within the context of the People, Community, and Planet
pillars of parent company Las Vegas Sands' corporate social
responsibility platform. A variety of initiatives include
programmes such as the Sands ECO360 global sustainability
programme; the Sands Cares corporate giving and community
engagement programme; and the Sands China Academy, a team member
professional development programme. Sands China's strong track record in sustainable
business performance through the economic value and social impact
it has delivered is part of its commitment to serve the
Macao community and contribute to
making it a better place to live and work.
About Sands China Ltd.
Sands China Ltd. (Sands China or the Company) is incorporated in
the Cayman Islands with limited
liability and is listed on The Stock Exchange of Hong Kong Limited
(HKEx: 1928). Sands China is the largest operator of
integrated resorts in Macao. The
Company's integrated resorts on the Cotai Strip comprise The
Venetian® Macao, The Plaza® Macao,
The Parisian Macao and The Londoner® Macao. The
Company also owns and operates Sands® Macao on the
Macao peninsula. The Company's
portfolio features a diversified mix of leisure and business
attractions and transportation operations, including large meeting
and convention facilities; a wide range of restaurants; shopping
malls; world-class entertainment at the Cotai Arena, The Londoner
Arena, The Venetian Theatre, The Parisian Theatre, the Londoner
Theatre and the Sands Theatre; and a high-speed Cotai Water Jet
ferry service between Hong Kong
and Macao. The Company's Cotai
Strip portfolio has the goal of contributing to Macao's transformation into a world centre of
tourism and leisure. Sands China
is a subsidiary of global resort developer Las Vegas Sands
Corp. (NYSE: LVS).
For more information, please visit www.sandschina.com.
Media contacts:
Corporate Communications, Venetian Macau Limited
Mabel Wu
Tel: +853 8118 2268
Email: mabel.wu@sands.com.mo
Jesse Chiang
Tel: +853 8118 2054
Email: jesse.chiang@sands.com.mo
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SOURCE Sands China Ltd.