LAS VEGAS, Sept. 21, 2021 /PRNewswire/ -- Wynn Resorts today
issued its Environmental, Social and Governance (ESG) Report, which
includes the Company's collective pledges and defined goals to
decrease emissions and confront the mounting risk of climate
change. The report also outlines how Wynn Resorts ongoing recovery
from the COVID-19 pandemic ran parallel to achieving a gamut of
progressive ESG and Diversity, Equity and Inclusion (DEI) goals,
with significant strides made in community outreach and crisis
relief efforts, responsible business practices, and protecting
human rights.
In the report's forward, Wynn Resorts CEO Matt Maddox remarked, "A truly great company,
one founded on the belief that excellence is not just an aspiration
but a necessity, and operating in today's socially and
environmentally-fraught world, is called to a higher standard: to
take responsibility, not just for our decisions, but for the all
future impacts of those decisions. Impacts we ourselves may not
live to see, but will have caused, nonetheless. Decision-making
with careful consideration to the impacts 20 or 30 years from now
isn't just essential, it's an existential imperative. That is what
the future demands of us."
The Wynn Resorts sustainability program, known as Goldleaf,
houses scientific solutions to the wide range of environment and
climate challenges that are unique to each resort that Wynn Resorts
operates. Under the direction of CEO Matt
Maddox and Chief Sustainability Officer Erik Hansen, the Company has committed to the
following Wynn Resorts Corporate Sustainability Goals:
- Net-Zero by 2050: To reduce or offset all carbon dioxide
(CO2) produced by our operations no later than
2050.
- Carbon Dioxide Emissions Peak by 2030: To stop and
reverse year-over-year growth of operational carbon dioxide
(CO2) emissions by 2030.
- 50% Renewable Energy Procurement by 2030: To increase
Wynn Resorts supply of renewable energy produced or procured to at
least 50% of total consumption by 2030.
The above commitments are aligned with the recommendations made
by the Intergovernmental Panel on Climate Change (IPCC) for
limiting global warming to below 1.5 degrees Celsius, as referenced
in the 2015 Paris Climate Accord. In 2020, Wynn Resorts completed
several major projects in renewable energy, waste diversion, and
emissions reduction, many of which were years in the making,
including:
- Wynn Resorts installed 23 Megawatts of solar power capacity
in the United States, which
offsets 100% of the energy consumed in the 560,000 square-feet of
convention space in Las Vegas, and
up to 75% of the peak power demands of the entire
10-million-square-foot Las Vegas
resort.
- Wynn Las Vegas reduced its annual energy consumption by 20%
in 2020 relative to 2015 through capital investments in
critical energy-reducing technologies and operational efficiencies,
most notably the 160-acre Wynn Solar
Field and a concerted effort on preventive systems
maintenance.
- Encore Boston Harbor received 100% of its energy from
renewable and green sources of power and is the first
integrated resort in the Unites States with an onsite microgrid
balancing solar energy production, combined heat and power
co-generation, and battery storage.
- Wynn Las Vegas reduced Carbon Dioxide (CO2)
emissions by over 80,000 metric tons from 2019 to 2020,
achieved by offsetting energy procured from traditional fossil
fuel-based generation with renewable and green energy products.
This emissions offset is equivalent to powering 9,705 homes for one
year or driving a passenger vehicle for 202 million miles.
- Encore Boston Harbor diverted 100% of waste from the
landfill in 2020 during its first full year of operation,
utilizing its comprehensive waste management infrastructure of
recycling, composting and waste-to-energy conversion to ensure no
waste goes to a landfill, ever.
Additionally, the report showcases long-standing corporate
values and core behaviors that govern fair, transparent, and
ethical behavior. Under the pillars of Our People, Our Communities,
and Our Planet, highlights in the key areas of COVID-19 pandemic
relief, social impact, corporate governance, DEI, and human rights
include:
- Wynn Resorts CEO Matt Maddox
spearheaded the creation of the hospitality industry's first
science-based Health & Safety Plan, which Maddox presented
during the White House Business Council on Reopening. The plan
became the preeminent roadmap to a successful reopening effort,
with policies adopted by several other international brands and
industries.
- Wynn Las Vegas collaborated with University Medical Center
(UMC) to open the UMC COVID-19 Vaccination Center, the first
vaccination site to be located onsite at a resort, which
administered over 50,000 vaccinations to eligible Nevada residents.
- Wynn Las Vegas built and opened the Lighthouse Lab COVID-19
testing facility, a 3,000-square-foot facility at the resort
staffed by medical professionals from Lighthouse Lab Services who
administer up to 7,000 PCR tests per day, helping usher the return
of convention business and group events.
- Globally, Wynn Resorts donated $23
million USD in funds and in-kind donations to charities in
2020, which includes $4.75 million in
direct COVID-19 relief efforts, nearly $1 million in food and meals, and over 2.5
million pieces of personal protective equipment to recipients like
the Nevada National Guard and the Macau Government. In addition,
Wynn Resorts global workforce volunteered over 34,000 hours of
time in 2020.
- The Wynn Resorts Human Rights Policy broadened in 2020 to
include specific expectations and core principles for diversity,
inclusion, and non-discrimination. In addition, the Wynn Resorts
Diversity Council drafted the first Wynn Resorts DEI Policy to
codify goals that foster a culture of inclusion, embrace a diverse
workforce, and develop vendor partnerships that create a fair and
equal economy.
- Extensive training and security procedures were enhanced in
2020 to combat human trafficking and commercial sexual
exploitation, including the development of a company-wide
training program for trafficking awareness that will be mandatory
for all employees.
The Wynn Resorts ESG Report presents information that references
select Global Reporting Initiative (GRI) Standards and
Sustainability Accounting Board Standards (SASB).
The full report is available at www.WynnResponsibility.com.
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq:
WYNN) is traded on the Nasdaq Global Select Market under the
ticker symbol WYNN and is part of the S&P 500 Index. Wynn
Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore
Boston Harbor (encorebostonharbor.com), Wynn Macau (wynnmacau.com),
and Wynn Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a
total of 4,748 spacious hotel rooms, suites and villas,
approximately 194,000 square feet of casino space, 22 dining
experiences featuring signature chefs and 11 bars, two
award-winning spas, approximately 560,000 rentable square feet of
meeting and convention space, approximately 160,000 square feet of
retail space as well as two showrooms, two nightclubs, a beach club
and recreation and leisure facilities. Wynn Las Vegas recently
unveiled the new Wynn Golf Club and 18-hole, 129-acre championship
golf course, and in February 2020
debuted a 430,000-square-foot meeting and convention space
expansion powered by 100 percent renewable energy.
Encore Boston Harbor is a luxury resort destination featuring a
210,000 square foot casino, 671 hotel rooms, an ultra-premium spa,
specialty retail, 16 dining and lounge venues, and approximately
71,000 square feet of state-of-the-art ballroom and meeting spaces.
Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created
a six-acre public park and Harborwalk along the shoreline. It is
the largest private, single-phase development in the history of the
Commonwealth of Massachusetts.
Wynn Macau is a luxury hotel and casino resort located in the
Macau Special Administrative Region of the People's Republic of China with two luxury
hotel towers with a total of 1,010 spacious rooms and suites,
approximately 252,000 square feet of casino space, 12 food and
beverage outlets, approximately 31,000 square feet of meeting and
convention space, approximately 59,000 square feet of retail space,
and recreation and leisure facilities including two opulent spas, a
salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed
destination, it boasts 1,706 exquisite rooms, suites and villas,
approximately 424,000 square feet of casino space, 14 food and
beverage outlets, approximately 37,000 square feet of meeting and
convention space, approximately 106,000 square feet of designer
retail, SkyCabs that traverse an eight-acre Performance Lake, an
extensive collection of rare art, a lush spa, salon and recreation
and leisure facilities.
Contact:
Eric Kreller,
Wynn Las Vegas
702-770-3740
eric.kreller@wynnlasvegas.com
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