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We have set a primary focus on addressing our highest-volume single use disposables and packaging materials, including but not limited to single-use water bottles, in-suite amenities, travel kits and slippers, to-go containers, cutlery and coffee cups.
We are committed to optimizing materials and resources by eliminating unnecessary forms of consumption, moving to reuse models where feasible, replacing single-use materials with renewable and sustainable alternatives, and recycling as much as possible.
to quantify and compare the environmental impacts of different materials across all stages of the product’s life cycle.
We consider rPET a sustainable material, as its carbon footprint is lower than nonrecycled PET or other assessed alternatives.
Our program supports UN SDG and Production and UN SDG 14: Life Below Water.
Sustainability criteria for all products and materials are outlined in a category-level framework that incorporates preferences for third-party sustainability certifications such as the Forest Stewardship Council, the Marine Stewardship Council and Fairtrade.
Sustainable Food: We source eco-friendly ingredients and provide sustainable cuisine in restaurants by selecting foods with credible certifications, ensuring animal welfare, increasing plant-based proteins and addressing commodities of concern.
We integrate energy-saving technologies and environmentally preferred products and materials including facilities equipment, LED lighting, carpet and furniture.
We engage our suppliers in ongoing dialogue to monitor their performance, promote our preference for products and services that are environmentally conscious and supportive of our communities, and educate them on environmental considerations and impacts of service delivery.
For certain product categories, suppliers are asked to report on various attributes of their products or services to aid us in assessing and reducing our footprint.
Our CSO is responsible for managing water stewardship initiatives as part of the Sands ECO360 global sustainability program.
and Sanitation and UN SDG 14: Life Below Water.
Our strategy focuses on conserving water through efficiency, increasing water reuse and recycling, and protecting water ecosystems that benefit the local environment.
by upgrading water systems with low-flow fixtures and high-efficiency equipment, enacting water-conservation policies and encouraging sensible water usage in collaboration with food and beverage, cleaning services and housekeeping teams.
Ecosystems: We partner with regional water champions to reinvigorate biodiverse ecosystems, increase resiliency, preserve ecologically significant waterways, provide ecosystem services that reduce flood risk and sequester carbon, and engage communities with awareness activities.
local communities on important water topics and initiatives.
On a monthly basis, we evaluate performance and conduct trend analysis of potable and nonpotable water use for our buildings.
We also analyze how water projects and business performance contribute to progress against our targets.
The Sands ECOTracker program manages the implementation of water-related efficiency, reduction and innovation projects.
A model is used to estimate water consumption and discharge based off total purchased water.
Water withdrawal in high-stress regions Potable water use intensity (gal.
The drop in potable water use per square foot in associated with the global economic downturn caused by the pandemic, while the slight increase in 2021 represents the start of the recovery as our properties were open for the entire year in 2021, albeit at significantly reduced visitation levels versus 2019.
Ongoing efficiency and water diversification projects also contributed to decreases.
Our CSO is responsible for managing environmental topics, including biodiversity, as part of the Sands ECO and reports directly to the president and COO.
Historically it had been addressed as part of our strategies for water and sourcing.
We are continuing to evolve our biodiversity strategy and have been developing and refining our approach around the most relevant priorities and outcomes.
Deforestation: We aim to reduce reliance on materials and products, such as palm oil, high-volume wood and paper products, and agricultural commodities, such as coffee and cocoa, that contribute to deforestation.
Ocean Health: We work to protect marine environments and safeguard vulnerable species.
Nature Conservation: We preserve local ecological systems through environmental education and carbon offsets.
We also partner with regional water champions to reinvigorate biodiverse ecosystems, increase resiliency, preserve ecologically significant waterways, provide ecosystem services that reduce flood risk and sequester carbon, and engage communities with awareness activities.
Sands’ chairman and CEO sets the vision for the company’s diversity, equity and inclusion (DEI) initiatives, and our program is led by the senior vice president of global communications and corporate affairs.
We are committed to ensuring an inclusive and collaborative working environment with a deep appreciation and respect for the diverse backgrounds of our Team Members, guests and business partners.
and talent management, supplier diversity and inclusion, community investments in diverse organizations, corporate governance, and benchmarking and communications.
Human Resources and Talent Management: We foster an environment in which Team Members are able to fully actualize their potential, resulting in a more diverse, skilled and experienced workforce that is better prepared for leadership positions within the company.
diversity by employment level, race, age and disability; racial diversity by employment level; and board diversity.
impacts related to health, safety and well-being, with ultimate oversight by the executive vice president and chief financial officer.
systems that ensure compliance with all public health and environmental laws pertaining to our operations and incorporate safety into company policies, daily operations and communications.
They also promote safety awareness to prevent incidents in the workplace and help departments establish behaviors for a safer working environment.
We proactively identify risks associated with our salient human rights issues and seek to prevent and mitigate adverse impacts in our direct operations and value chain.
As part of our supply chain management process, we mitigate and address adverse human rights impacts, including child labor, forced labor, human trafficking, remuneration, discrimination, harassment, freedom of association and collective bargaining.
To maintain a pulse on the current environment, we review and establish metrics for discrimination and harassment cases in our risk assessment.
We are committed to establishing an environment that promotes responsible gaming by raising awareness of the potential effects of problem gambling behaviors and providing information for patrons seeking help.
Risk Identification: We perform an annual assessment that thoroughly evaluates risk in the areas of compliance (overall compliance risk and category-specific risk), business disruption (business reliance and financial risk) and social and environmental risk (health, safety, fair pay, and labor and slave labor risk).
, areas assessed include: laws and regulations, child labor, forced labor, harassment, wages and benefits, hours of work, health and safety, nondiscrimination, women’s rights, freedom of association and collective bargaining, environment, subcontracting, and monitoring and compliance.
and Sanitation efficiency across all sectors Water is integral to the experience we strive to create for our guests.
luxury with responsibility by using nonpotable water wherever possible, exploring innovative water technologies and developing waterconservation procedures.
of renewable energy in the global energy mix 7.3: Double the global rate of improvement in energy efficiency Our resorts make up tens of millions of square feet of building space, all of which requires energy to heat, cool and light.
We plan to increase purchasing of renewable energy certificates and offset hard-to-decarbonize sources, such as guest shuttle buses and ferry operations.
Sands material topic: Waste 2025 Target: Prevent, rescue or divert 25% of food waste Reference: 2022 ESG Report, pp.
marine and coastal ecosystems 14.4 End overfishing and destructive fishing practices Our resorts are located along delicate coastlines that are affected by tourism impacts and a warming climate, while our food and beverage operations depend on healthy oceans to source seafood for our hotels and restaurants.
Sands material topic: Diversity, equity and inclusion positions and 47% representation by women in junior management positions on the path to gender parity Reference: 2022 ESG Report, pp.
Sands material topic: Diversity, equity and inclusion Reference: 2022 ESG Report, pp.
In conjunction with our environmental strategy around food management, we repurpose food from our resorts and engage with food-relief organizations to provide programmatic support, funding and volunteer time.
Available through our investor website: http://investor.sands.com Board of Directors Corporate Governance Guidelines available on governance webpages: https://investor.sands.com/governance/board-of-directors/default.aspx management of impacts 2022 ESG Report, pp.
2-13 Delegation of responsibility for managing impacts 2022 ESG Report, pp.
The number and nature of critical concerns communicated to the highest governance body during the reporting period is not disclosed in this report due to confidentiality constraints.
https://investor.sands.com/governance/governance-documents/default.aspx 2-25 Processes to remediate negative impacts 2022 ESG Report.
203-2 Significant indirect economic impacts Form 10-K FY22, p. 22 2022 ESG Report, pp.
ESG Report, p. 302-2 Energy consumption outside of the organization Energy consumption outside the organization is unavailable as outputs from our Scope 3 modeling are disclosed as emissions on 2022 ESG Report page 58. 302-3 Energy intensity 2022 ESG Report, p. 59 302-4 Reduction of energy consumption 2022 ESG Report, ...
significant air emissions Less than thus, further calculations of air emissions have not been calculated.
306-1 Waste generation and significant waste-related impacts 2022 ESG Report, pp.
306-4 Waste diverted from disposal 2022 ESG Report, pp.
306-5 Waste directed to disposal 2022 ESG Report, pp.
actions taken Fifty-seven critical suppliers (1%) were identified as more vulnerable to social or environmental risk out of 4,721 assessed in 2022.
The entity shall briefly describe the nature (e.g., judgment or order issued after trial, settlement, guilty plea, deferred prosecution agreement, or non-prosecution agreement) and context (e.g., improper recordkeeping) of all monetary losses as a result of legal proceedings.
Singapore is currently outside tropical cyclone formation regions due to its proximity to the equator.
Macao is located in the Northwest Pacific basin and, thus, in the tropical cyclone formation region.
Sands China’s Macao properties are in a tropical cyclone zone with a wind cyclone based on the Munich Re NATHAN tropical cyclone index, but the severity is not expected to increase under any scenario in the medium or long term.
Additionally, the company continues to identify and expand alternative sources of energy and water to improve resiliency.
For example, we implemented an emergency filtration system to reuse lagoon water in case of potable water shortage in Macao.
Water from the lagoon is treated with a disc filter, carbon filter, ultrafiltration and UV light, and then pumped to the raw water tank or back to the lagoon.
We also have standby water trucks ready to deploy in case of water shortage.
In Macao, our storm water removal infrastructure is designed for a peak hourly precipitation rate of 160 mm.
The company actively invests in and implements energy-efficiency projects to reduce HVAC consumption and, thus, exposure to utility cost variability.
We also continue to identify alternative sources of energy to reduce reliance on one utility, where possible.
In Singapore, our existing development was designed with a peak hourly precipitation value of measured 60-minute rainfall data was 147 mm/hour, occurring in 1995.
Heat stress and rising mean temperatures Increased utility costs due to increased cooling needs Based on the Munich Re NATHAN heat stress index, Singapore is expected to go from to 80–180 days in heatwave (daily maximum temperature over 30°C for at least three consecutive days) by 2030.
Additionally, we have been measuring temperature variability and its impact on utility usage for more than five years.
Based on our existing data, we do not expect the temperature increase to have material short-term impact.
The company actively invests in and implements energyefficiency projects to reduce consumption and, thus, exposure to utility cost variability.
We also continue to identify alternative sources of energy to reduce reliance on one utility where possible.
Due to energy-conservation projects, the existing air conditioning infrastructure at our properties has at least increased temperature and humidity in the future.
Sea level rise, coastal and river flooding Increased repair costs due to flooding The Intergovernmental Panel on Climate Change (IPCC) projects a global mean sea level rise of meters by 2050.
Marina Bay Sands’ defended and undefended flood risks are considered low in all scenarios and time horizons (WTW), even though there is an expected Filter).
Our properties in Singapore and Macao are designed and constructed above the tide line in a manner that significantly reduces flood risk, and/or there is local infrastructure in place to manage long-term flood risk.
Water stress Increased utility costs due to increased demand on water supply Reduced revenue due to water supply curtailment All properties in Singapore and Macao are located in areas that are currently considered low-water-stress regions.
The WWF Water Risk Filter is forecasting water stress to increase in Singapore in the but does not indicate a water-stress increase in Macao in the medium term or long term.
Similar to energy-efficiency projects, we also implement waterefficiency and reuse projects to reduce our water consumption and reliance on scarce freshwater.
In Singapore, we harvest rainwater, recover condensate water and use nonpotable water for irrigation, toilet flushing and other nonpotable uses.
The Parisian Macao is also built to use nonpotable water for toilet flushing once available from the local utility.
Finally, we support the Drop by Drop Project, a water initiative designed to provide funding for innovative regional water stewardship and resiliency projects in our global regions.
In Singapore, large producers of emissions are subject to a carbon tax.
The current forecast for $8–$11 million impact if 100% of the tariff is passed on to Sands, impacting electricity, chilled water and hot water consumption, and if no other mitigation measures take place.
We also conducted additional simplified preliminary scenario analyses utilizing the IEA’s Global Energy and Climate Model (NZE and STEPS scenarios).
Our green meetings program offers solutions for clients that value sustainability.
Increased costs of renewable energy to meet our ESG commitments Lack of renewable energy availability or the high cost of renewable energy credits may impact our ability to meet our emissions-reduction target in the future.
While the impact on our insignificant, we are currently assessing renewable energy supply for the 2030 time frame.
We have created detailed roadmaps to meet our environmental targets and continue to pursue multiple solutions simultaneously.
Resource Efficiency Building operations efficiency Reduced operating costs While relevant to meeting our ESG commitments, the operating cost reduction associated with efficiency projects is not material.
We continually seek energy- and water-efficient alternatives and initiatives to implement throughout our resort portfolio.