Las Vegas Sands

3883 Howard Hughes Pkwy, Las Vegas, NV 89169

Founded in 1990, Las Vegas Sands is the preeminent developer and operator of world-class integrated resorts that drive valuable business and leisure tourism in the regions where we operate. Featuring an array of richly diverse and compelling offerings under one roof, our integrated resorts blend luxury hotels and state-of-the-art meeting and convention facilities with a variety of amenities such as gaming, celebrity chef restaurants, high-end shopping and an action-packed schedule of concerts, shows, exhibits and other attractions. Sands has a 30-year track record of successfully developing and operating some of the largest and most complex business and leisure properties in the world, generating significant economic benefits for our host regions and enhancing their stature as global tourism and business capitals. Our integrated resorts propel continuous positive impact through tourism, jobs and community investments that make our regions great places to live, work and visit.

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3.6

Overall Excellence Rating

Industry

Hotel Companies

Category

Hotels & Resorts

ESG/Ethical Impact

Through our stakeholder engagement and ESG materiality assessment, Sands has identified a core set of material topics that form the foundation of our corporate responsibility platform. This process has been even more important over the past year with the beginning of a new five-year ESG reporting cycle. In line with the new reporting period and materiality assessment, we have refreshed our ESG strategy and are announcing three primary ambitions across our People, Communities and Planet pillars. Targeted for achievement by 2025, these headline goals are a 17.5% reduction in emissions (from a 2018 base), a $200 million investment in workforce development and contribution of 150,000 Team Member volunteer hours in support of local communities. Our progress against each of these targets is on schedule, and the emissions target is ahead of expectations, albeit partly as a result of lower levels of business activity during the COVID-19 pandemic. Environmental stewardship is primarily addressed by our Sands ECO360 global sustainability program, which underpins our Planet pillar. In 2021, we continued to invest in building design and efficiency, as well as sustainability programs in areas such as waste management. Looking ahead, our environmental strategy will focus on renewable energy and transportation as we drive toward the 17.5% emissions-reduction commitment, approved by the Science Based Targets initiative (SBTi). Our social initiatives are driven through the People and Communities pillars of our corporate responsibility platform, and as our operations began a path to recovery in 2021, the health and safety of our Team Members and guests remained of paramount importance. Meanwhile, specifics of our SME support programs included a second successful Sands Shopping Carnival in Macao and continuing focus on diversity, equity and inclusion (DEI) programs, both internally and through support for diverse community partners. Looking ahead, we are committing to further investment in our people and targeting a new goal of $200 million invested in workforce development to promote career progression for our Team Members and advancement of the talent pool in the hospitality industry. In 2021, we continued support of our long-term community partners despite the persistence of challenging operating and financial conditions. Also under the Communities pillar, we expanded our signature program, the Sands Cares Accelerator, to Asia, with the debut of Art Outreach Singapore as a member in the exclusive program to advance nonprofit partner impact in our communities. Looking ahead, we are placing an emphasis on increasing volunteer initiatives to further encourage the overall spirit of giving back that has been part of our culture since the company’s founding. Our announcement of the goal to commit 150,000 volunteer hours contributed by our Team Members in support of our communities by 2025 continues that tradition. We take great pride in our governance structure, which ensures accountability and ethical standards in our business, supports and guides our ESG processes, and underpins our People, Communities and Planet pillars. To that end, in 2021 a component of the incentive compensation for our most senior executives was for the first time contingent upon the achievement of certain ESG performance measurements. That change is one of several alterations to our compensation structure we have made in response to investor feedback. Others included lower base salaries for senior executives and a higher proportion of at-risk components within overall compensation packages.

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Awards Received

2023

Revenues

$4,110,000,000.00

Website Traffic

Employee Rating

3.7

Customer Rating

4.2

Company Size

10000+

ESG Risk Rating

4

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