Melco announces release of company’s 2022 sustainability report Rise to go Above & Beyond
28 Abril 2023 - 3:06AM
Melco Resorts & Entertainment has published its fifth
sustainability strategy for the year 2022 ‘RISE to go Above &
Beyond’ (link). Adhering to four key material topics that underpin
Melco’s sustainability commitment, including “Restoring our World”,
“Inspiring our Communities”, “Sustaining our Supply Chain” and
“Empowering our Business”, the strategy continues to drive
performance and sustainability initiatives to help the Company
reach its ambitious goals.
Mr. Lawrence Ho, Chairman and CEO of
Melco Resorts and Entertainment, said, “Action with
positive engagement has been key to our approach to sustainability.
While our operations and communities have confronted many
sustainability trials and tribulations in the past three years, it
is evident that these challenges also present many meaningful
opportunities. Our latest sustainability strategy is testament to
an integrated resort business operating to the highest standards
and for the long term. Melco will continue to sharpen its focus on
the needs of the planet and those around us, and to act upon our
role in creating shared value through our commitment to Rise to go
Above & Beyond.”
Below are some key performance highlights
covered in Melco’s latest RISE to go Above & Beyond
sustainability strategy.
On energy and climate resilience:
-
Expanded our climate-related risk assessment, and with the rigor of
the Task Force on Climate-related Financial Disclosures (TCFD)
framework to guide our carbon-neutral resort commitments and to
address physical and transition risks;
-
Extended our greenhouse gas (GHG) emissions inventory to encompass
Scope 1 & 2 and all relevant Scope 3 categories, with
verification for all scopes;
-
Energy-efficiency measures (EEMs) since 2018 have resulted in
annualized savings of over 51.3 million kWh, equivalent to the
electricity consumption of over 7,000 homes per year1.
On material use and waste:
-
Eliminating 1.4 million plastic bottles at our City of Dreams
Manila and our Macau properties in 2022 with the NORDAQ 2000 water
filtration system (NORDAQ), currently installed across 43% of our
rooms and three restaurant outlets. By installing water refilling
dispensers, we have also eliminated single-use plastic (SUP) water
bottles in all Heart of House areas;
-
9% increase in waste diversion through composting and
recycling;
-
Achieved annualized savings of over 463,625 m³ through water
efficiency measures, an increase of 27% over the previous
year.
On community, engagement & investment
-
Organized 2,276 community activities with over 22,300 Melco
volunteer participants;
-
Our in-house, Heart-of-House Roadshows generated over US$1 million
worth of business for more than 170 local SMEs.
On safety, health and wellbeing:
-
99% of our colleagues completed the Hotel and Catering Safety Card
Training Program training in 2022;
-
Close to 500 colleagues participated a series of “Feel Better”
in-house mental wellness seminars, organized with our partner, The
Women’s General Association of Macau.
On engagement of our people:
-
Women comprise 27% of Melco’s boards and 34% of senior
management;
-
68% of positions at the “Vice President” level and above have been
filled from within Melco’s local community;
-
170 average training hours per colleague in 2022, an increase of
60% over 111 hours in 2021.
On ethical and sustainable supply chain:
-
95% of tea served at City of Dreams Manila has sustainability
attributes and 100% of coffee purchased in Manila is home-roasted
and procured from local suppliers through the Philippines Coffee
Board (PCB)-Le Café Filipina;
-
Supporting local farmers and communities and the humane treatment
of livestock, Melco has committed to sourcing 100% cage-free eggs
by 2025 across all properties. Since March 2022, 100% of the eggs
served at City of Dreams Manila are from cage-free, local
sources;
-
Almost 90% of chemicals sourced in 2022 are in the Green and Amber
categories, ahead of our 2025 target;
-
Sustainable seafood purchases accounting for 19% of all seafood
purchased by weight for our properties in Macau and Manila, an
increase of 4% over the previous year;
-
100% completion of training pertaining to modern slavery by our
supply chain team in 2022 and extending the Mekong Club training on
modern day slavery via the Melco Learning Academy to our
suppliers.
On ethics and integrity:
-
97% completion rate of our Corporate Governance induction training
on Melco’s Code of Conduct in 2022;
-
No material incidents of corruption, anti-competitive behavior or
monopolistic practices reported;
-
Continued ethics training and capacity-building programs for our
suppliers that include business conduct, conflict of interest
management, confidentiality and anti-bribery offered in 2022.
On privacy and cybersecurity:
-
Procured cyber insurance to protect Melco against financial losses
caused by potential cybersecurity incidents.
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 majority owned by Melco
International Development Limited, a company listed on the Main
Board of The Stock Exchange of Hong Kong Limited, which is in turn
majority 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
__________________________
1 Conversion via the US Environmental Protection Agency website:
www.epa.gov
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