In a new Sustainability and Corporate Social Responsibility report, Melco Resorts and Entertainment Limited launched “Above and Beyond,” a strategy to set ambitious goals in increasing transparency on environmental, social, and governance (ESG) topics. As a plan, Melco will issue annual updates to share improvements on key performance indicators.
The report is prepared in accordance with principles and disclosures of the Global Reporting Initiative (GRI) Standards, the most widely-used sustainability reporting framework in the world today. It covers priority ESG topics for resort facilities in Macau and Manila, Philippines.
“Above and Beyond captures my personal commitment to embrace sustainability as a powerful engine for growth and a catalyser for change. At the heart lie four goals that will shape our work in years to come. Our resorts will be carbon neutral. We will take the lead on tackling plastic waste in Macau, and beyond. Through the power of entertainment, we will inspire positive change. And we should continue to be a great community partner, and employer of choice,” says Chairman and CEO Lawrence Ho.
Above and Beyond sets goals to eliminate the impact of resorts on the climate by 2030. From installing Macau’s largest onsite solar photovoltaic array, to sourcing 100% of electricity from renewables in 2018, to using decomposer technology at City of Dreams, Melco’s pioneering investments in renewable energy are the centerpiece of the plan to achieve carbon neutral resorts. Investment in electric vehicles and energy efficiency also measures in.
►Macau’s first and only company to attain international Green Key Awards
Given the significant environmental impact plastics pose, waste practices are being overhauled to achieve zero waste – by sending no waste to landfill with a focus on reducing, reusing and recycling or not incinerating waste without energy recovery – by 2030. Sustainable sourcing efforts are also strengthened by reducing high impact procurement categories, such as cotton, chemicals, and seafood.
By supporting and developing people, tracking emerging issues through materiality process, driving behavior with Code of Business Conduct and Ethics, taking care of environmental impacts, tackling responsible gaming through leading technology, comprehensive training programs, cooperation with regulators, and commitment from the very top, Melco built societal and community issues into business strategy and drive partnerships and collaboration on a wide range of community projects. Philanthropy and volunteering are also a big part of it all.
► The first and only hospitality company and integrated resort operator globally to become a signatory to The New Plastics Economy Global Commitment, led by the Ellen MacArthur Foundation, in collaboration with UN Environment
Whether it is innovative projects to promote heritage, programs that support women, investments in local infrastructure, or young people who have been inspired by the world’s best through the Dare to Dream program, Melco works for the long-term benefit of all. The same values inspire its employees to give time to good causes.