Sands Aims for 17.5% Reduction in Carbon Emissions by 2025
Author: Las Vegas Sands
Sands released its 2021 Environmental, Social and Governance (ESG) Report, which included plans for its corporate responsibility program for the next five years and three new ambitions the company is targeting to achieve by 2025. Under the Planet pillar, Sands aims to achieve its science-based target of a 17.5% reduction in carbon emissions by 2025. Sands' goal to achieve this reduction in carbon emissions aligns with the company's low-carbon transition strategy and reflects one of the five key environmental issues Sands has prioritized to reduce its impact. Sands' multi-faceted low-carbon strategy focuses on addressing energy efficiency, renewable energy and transportation. Sands has several initiatives in place to reduce energy consumption and help propel a reduction in carbon emissions, including leveraging cutting-edge building technology to reduce utility use; implementing the Sands ECOTracker program, which drives additional conservation initiatives; and scaling creative process efficiencies. Although dense urban environments in Singapore and Macao lessen opportunities for local large-scale renewable energy projects, the company has committed to increasing purchase of renewable energy certificates in nearby regions to support the transition to zero-carbon grids. Sands also continually searches for and evaluates on-site renewable energy generation to complement existing solar photovoltaic and solar thermal systems.