Melco releases its 2021 Sustainability Report ‘RISE to go Above & Beyond’
May 24 2022 - 8:00AM
Melco Resorts & Entertainment has published its fourth
sustainability strategy RISE to go Above & Beyond (link).
Through maintaining four key material topics that underpin Melco’s
sustainability commitment, including “Restoring our World”,
“Inspiring our Communities”, “Sustaining our Supply Chain” and
“Empowering our Business”, the strategy drives performance and
sustainability initiatives to help the Company reach its ambitious
goals.
Mr. Lawrence Ho, Chairman and CEO of
Melco Resorts and Entertainment, said, “Melco has
continued to rise beyond continuing pandemic challenges and in ways
that have indeed accelerated our sustainability efforts in 2021.
From colleagues to suppliers and partners, the Company is
strengthening its actions to collectively address longer-term
critical issues, including societal health, climate change and
innovation. We continue to be determined to emerge from this
pivotal moment in time, not as we were before, but by being more
deeply aware of the needs of the world around us, and more
purposeful in how business can meet those needs.”
Initiatives and achievements highlighted in RISE
to go Above & Beyond include:
-
Keeping colleagues and communities safe, healthy and
supported remained central to Melco’s operations. In-house
mental wellness seminars were launched, colleagues and guests were
offered healthy and sustainable food options, and the continued
success of campaigns to support community needs and promote the
prosperity of small and medium enterprises (SMEs) was noted.
-
Over US$2 million Get the Jab
immunity incentive program for colleagues
motivated more than 95% of its global workforce to get
vaccinated.
-
Becoming the first and only integrated resort operator to
achieve the esteemed responsible gaming (RG) accreditation, RG
Check, across its global portfolio.
-
A comprehensive review of Melco’s operations and supply chain to
establish a roadmap to decarbonization was
launched, mapping out actions to help neutralize
greenhouse gas emissions from business activities, together with a
confirmed system to measure and transform data into actionable
insights to empower change throughout the Company’s value
chain.
-
The disclosure of Scope 3 emissions from two categories –
Downstream Leased Assets and Fuel-and Energy-Related Activities
(FERA) has been introduced in this year’s GHG reporting.
Melco is continuing its assessment to identify and quantify
significant indirect emissions and will disclose Scope 3 emissions
from additional sources going forward.
-
The Company has also begun to assess climate-related risks
and opportunities across its portfolio and is committed to
implementing the recommendations of the Task Force on
Climate-related Financial Disclosures (TCFD). Moving forward, Melco
will be conducting a scenario analysis, using the TCFD
recommendations as a guide, expanding the Company’s efforts to
address climate mitigation and adaptation measures.
-
Retaining its score of A- in climate-related supplier
engagement strategy with the CDP.
-
Through sustainable sourcing, progressing ahead of the Company’s
2030 target by achieving 100% of bed and bath linen
procured with OEKO-TEX®- certified cotton. Additionally,
in 2021, Melco sourced 92% of all chemicals in the Green and Amber
categories, progressing in advance of its 2025 target.
-
The continual success of Melco’s Simple
Acts of Kindness initiative, which
reached out to over 1,300 NGOs, associations, schools, nurseries,
governmental departments and SMEs with the help of over 16,000
volunteer participants in 2021.
-
Over US$950,000 worth of additional revenue for local
SMEs was generated in 2021 through Melco’s Heart-of-House
Roadshows that provided rent-free space for SMEs to sell directly
to Melco colleagues.
-
Studio City Phase 2 and City of Dreams Mediterranean were both
recognized by the trusted mark of sustainability,
BREEAM, with ‘Excellent’ environmental ratings at the
design stage and a ‘Regional Award, Asia’ for Studio City Phase
2.
-
Partnership with Winnow and the London School of Economics and
Political Science enabled AI technology to help reduce food
waste by 35% in employee dining rooms over a five-month
study period.
About Melco Resorts & Entertainment
Limited
The Company, with its American depositary shares
listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a
developer, owner and operator of integrated resort facilities in
Asia and Europe. The Company currently operates Altira Macau
(www.altiramacau.com), an integrated resort located at Taipa, Macau
and City of Dreams (www.cityofdreamsmacau.com), an integrated
resort located in Cotai, Macau. Its business also includes the
Mocha Clubs (www.mochaclubs.com), which comprise the largest
non-casino based operations of electronic gaming machines in Macau.
The Company also majority owns and operates Studio City
(www.studiocity-macau.com), a cinematically-themed integrated
resort in Cotai, Macau. In the Philippines, a Philippine subsidiary
of the Company currently operates and manages City of Dreams Manila
(www.cityofdreamsmanila.com), an integrated resort in the
Entertainment City complex in Manila. In Europe, the Company is
currently developing City of Dreams Mediterranean
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
expected to be the largest and premier integrated destination
resort in Europe. The Company is currently operating a temporary
casino, the first authorized casino in the Republic of Cyprus, and
is licensed to operate four satellite casinos (“Cyprus Casinos”).
Upon the opening of City of Dreams Mediterranean, the Company will
continue to operate the satellite casinos while operation of the
temporary casino will cease. For more information about the
Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single
largest shareholder, Melco International Development Limited, a
company listed on the Main Board of The Stock Exchange of Hong Kong
Limited and is substantially owned and led by Mr. Lawrence Ho, who
is the Chairman, Executive Director and Chief Executive Officer of
the Company.
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
Communications Tel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
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