Potential offtaker

Las Vegas Sands

www.sands.com

Estimated electricity consumption

N/A

Countries of production presence

N/A

Las Vegas Sands is a leading operator of integrated resorts and casinos in the United States of America. The company was founded in 1988 by Sheldon Adelson and has since grown to become one of the largest and most successful gaming companies in the world. Las Vegas Sands operates several world-renowned properties, including The Venetian and The Palazzo in Las Vegas, Marina Bay Sands in Singapore, and The Parisian in Macao.

As a company operating in the casinos sector, Las Vegas Sands has a significant impact on the environment. The company is committed to reducing its carbon footprint and has implemented several initiatives to achieve this goal. One of the key strategies employed by Las Vegas Sands is decarbonisation. This involves reducing the company's reliance on fossil fuels and transitioning to renewable energy sources.

To achieve decarbonisation, Las Vegas Sands has implemented several initiatives. The company has invested in renewable energy projects, including solar and wind power, to reduce its carbon footprint. Las Vegas Sands has also implemented energy-efficient technologies and practices in its properties, such as LED lighting and HVAC systems. These measures have resulted in significant energy savings and reduced greenhouse gas emissions.

Another important initiative undertaken by Las Vegas Sands is corporate energy procurement. The company has entered into several corporate power purchase agreements (PPAs) to procure renewable energy for its properties. These agreements enable Las Vegas Sands to purchase renewable energy directly from energy producers, reducing its reliance on traditional energy sources.

Corporate PPAs have several benefits for companies like Las Vegas Sands. They provide a stable and predictable source of energy, which can help to reduce energy costs and improve the company's bottom line. Corporate PPAs also enable companies to demonstrate their commitment to sustainability and decarbonisation, which can improve their reputation and brand image.

Las Vegas Sands has also implemented several other initiatives to reduce its environmental impact. The company has implemented water conservation measures, including the use of low-flow toilets and faucets, to reduce water consumption. Las Vegas Sands has also implemented waste reduction and recycling programs to minimize the amount of waste generated by its properties.

In addition to its environmental initiatives, Las Vegas Sands is also committed to corporate social responsibility. The company has implemented several programs to support local communities and promote social and economic development. These programs include education and workforce development initiatives, community outreach programs, and charitable giving.

Las Vegas Sands has received several awards and accolades for its sustainability and corporate social responsibility initiatives. The company has been recognized by the Dow Jones Sustainability Index, the CDP Climate Change A List, and the Global Gaming Awards, among others. These awards demonstrate Las Vegas Sands' commitment to sustainability and its success in implementing effective environmental and social initiatives.

In conclusion, Las Vegas Sands is a leading operator of integrated resorts and casinos in the United States of America. The company is committed to reducing its environmental impact and has implemented several initiatives to achieve this goal. These include decarbonisation, corporate energy procurement, and other sustainability initiatives. Las Vegas Sands is also committed to corporate social responsibility and has implemented several programs to support local communities and promote social and economic development. The company's commitment to sustainability and corporate social responsibility has been recognized by several awards and accolades, demonstrating its success in implementing effective environmental and social initiatives.

✓ Science Based Targets member
✓ Declared Net Zero commitment