Melco publishes 2020 sustainability report Above & Beyond
28 May 2021 - 6:09PM
Melco Resorts & Entertainment has published the Company’s third
sustainability report (link). As part of the Company’s
Above & Beyond strategy, four key pillars, RISE, underpin
Melco’s sustainability commitment to evolve the way it inspires
guests, colleagues and communities through the business’ collective
resources, resolve and relationships to build a climate-fit and
equitable future:
-
Restoring our World
-
Achieving carbon neutral resorts and zero waste across resorts by
2030; contributing to circular economy leadership in Asia; sourcing
sustainable goods and services; and reducing our water
footprint.
-
Inspiring our Communities
-
Being a company people choose to work for and stay with; being
best-in-class in safety for guests, colleagues and community;
promoting responsible gaming and an attitude of staying in control;
and supporting communities and strengthening their economic
prosperity.
-
Sustaining our Supply Chain
-
Procuring locally and creating demand for materials that have
sustainability attributes in the supply chain; building capacity
and awareness of the social, ecological and biodiversity impacts in
sourcing; enhancing workers’ lives and working toward eliminating
human trafficking and modern slavery in industry and supply
chains.
-
Empowering our Business
-
Being the world’s most responsible, ethical and transparent
integrated resort and minimizing any risk of disruption from data
privacy or cybersecurity concerns.
The report also highlights progress made towards
the Company’s sustainability goals in 2020, including decisively
mobilizing over 7,800 Melco volunteer participants in more than 600
volunteer activities to contribute to the local community including
schools, SMEs, NGOs and Associations, under the ‘Simple Acts of
Kindness’ initiative, and building resilient and sustainable supply
chains by effectively supporting best practices and local
economies.
Melco’s environmental efforts include tackling
the global challenge of reducing food waste through innovative
technological solutions and inspiring partnerships such as Winnow
AI Technology and achieving a 67% reduction in overproduced food
waste over a six month trial at the employee dining rooms of City
of Dreams. Improvements from energy efficiency measures resulted in
a reduction of annualized electricity consumption of 34,297 MWh in
Macau and Manila, equivalent to avoiding over 24,000 metric tonnes
of GHG emissions, which is the reduction which would be achieved by
taking over 5,200 cars off the road.
Mr. Lawrence Ho, Chairman & CEO of
Melco Resorts & Entertainment, said, “The core of our
Above & Beyond strategy is to inspire guests to join us on our
sustainability journey – to realize that a sustainable future is a
better future for us all. Throughout the global shock of the
COVID-19 pandemic, we remain diligent in maintaining high standards
and consistent quality, unwavering in our mission to deliver
unmatched entertainment, gaming and hospitality products and
services, in a sustainable manner to all our guests. We will
continue to take the lead in facing global challenges head on, with
guests at the heart of our efforts. We are determined to go above
and beyond what the world knows to create a business that is fit
for the future.”
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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