Melco Resorts & Entertainment continues to support the New
Plastics Economy Global Commitment spearheaded by the Ellen
MacArthur Foundation in collaboration with UN Environment
Programme. As the world’s first hospitality and integrated resort
company to sign up to the global initiative to tackle plastic waste
and pollution, Melco is also the industry’s only company to be
included in the first New Plastics Economy Global Commitment 2019
Progress Report. Published at the Our Ocean Conference in Oslo on
October 23, the report provides an unprecedented level of
transparency on how almost 200 businesses and governments are
reshaping the plastics system.
As a signatory of the New Plastics Economy
Global Commitment since March 2019, Melco is driven by a strong
focus around environmental sustainability which is core to its
strategy and daily operations. Melco has committed to reducing the
use of problematic plastics and promoting circular economy across
its global operations, including at its integrated resorts City of
Dreams Macau, Studio City, Altira Macau, and City of Dreams
Manila.
Ms. Denise Chen, Senior Vice President
and Chief Sustainability Officer of Melco Resorts &
Entertainment, said, “We realize the amount of plastic
consumed at integrated resorts is considerable and could make a
substantial difference. As such, we are pleased to have become the
first hospitality and integrated resorts company to sign up to New
Plastics Economy Global Commitment, developing roadmaps across our
global operations to address the use of single use plastic (SUP).
Whilst it is undoubtedly a massive initiative to undertake, we are
committed to doing so, and stand in support of the Ellen MacArthur
Foundation and the UN Environment Programme’s call for more
businesses to sign up to the commitment to help eliminate
problematic packaging.”
Key points from the Melco progress report
include:
- The anticipated achievement of the commitment to remove all SUP
bottles throughout Melco’s employee areas by the end of 2019. SUP
water bottles have been replaced with the provision of
refill/drinking stations, saving approximately 244,000 bottles per
year, representing 3.5 tonnes of PET plastic.
- The continued development of a roadmap to reduce SUP. The scope
of this SUP roadmap will cover amenity kits, garbage bags, plastic
bottles, straws, disposable food and beverage (F&B) containers
and utensils. The first comprehensive waste audits of the Company’s
integrated resort operations were undertaken this year, which
identified the key sources of plastic packaging in our
operations.
- By weight, the majority of Melco’s branded plastic packaging
comes from beverages served in SUP bottles. The Company is seeking
alternative solutions which not only eliminate the use of SUP in
its operations, but also enhances the guest experience.
- The Company is replacing SUP F&B containers and cutlery
with non-plastic alternatives, which will help reduce 9.5 tonnes of
SUP.
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 casino gaming and entertainment
casino resort facilities in Asia and Europe. The Company currently
operates Altira Macau (www.altiramacau.com), a casino hotel located
at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an
integrated urban casino 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 entertainment, retail and gaming
resort in Cotai, Macau. In the Philippines, a Philippine subsidiary
of the Company currently operates and manages City of Dreams Manila
(www.cityofdreamsmanila.com), a casino, hotel, retail and
entertainment integrated resort in the Entertainment City complex
in Manila. In Europe, the Company is currently developing the City
of Dreams Mediterranean integrated destination resort project
(www.cityofdreamsmed.com.cy) in the Republic of Cyprus, which is
scheduled to open in 2021 and expected to be the largest premier
integrated destination resort in Europe. The Company is currently
operating a temporary casino, Cyprus Casinos, the first casino in
the Republic of Cyprus and three satellite casinos with a fourth
satellite casino scheduled to open by the end of 2019. Upon the
opening of City of Dreams Mediterranean, the Company will operate
the City of Dreams Mediterranean integrated resort and continue to
operate the four satellite casinos. The Company also holds equity
interests in Crown Resorts Limited (“Crown”), a company listed on
the Australian Securities Exchange and which operates two of
Australia’s leading integrated resorts, Crown Melbourne
Entertainment Complex and Crown Perth Entertainment Complex. In the
United Kingdom, Crown operates Crown Aspinalls, a high-end licensed
casino in London. Crown’s development projects include the Crown
Sydney Hotel Resort at Barangaroo on Sydney Harbour. Crown also
holds equity interests in the Aspers Group and Nobu and has
interests in various digital businesses. For more information about
the Company, please visit www.melco-resorts.com.
The Company is strongly supported by its single
largest shareholder, Melco International Development Limited, a
company listed on the Main Board of The Stock Exchange of Hong Kong
Limited and is substantially owned and led by Mr. Lawrence Ho, who
is the Chairman, Executive Director and Chief Executive Officer of
the Company.
About the New Plastics
Economy
Over the past four years, the Ellen MacArthur
Foundation’s New Plastics Economy initiative has rallied businesses
and governments behind a positive vision of a circular economy for
plastics. Its 2016 and 2017 New Plastics Economy reports captured
worldwide headlines, revealing the financial and environmental
costs of waste plastic and pollution.
For further information: newplasticseconomy.org
| @circulareconomy
About the New Plastics Economy Global
Commitment
At the heart of the Global Commitment is a vision of a circular
economy for plastic, where plastics never become waste. Each
signatory formally endorses the vision and the need to work towards
achieving it. Read the entire
vision: newplasticseconomy.org/assets/doc/npec-vision.pdf
About the Ellen MacArthur
Foundation
The Ellen MacArthur Foundation was launched in
2010 with the aim of accelerating the transition to the circular
economy. Since its creation, the charity has emerged as a global
thought leader, putting the circular economy on the agenda of
decision-makers around the world. The charity’s work focuses on
seven key areas: insight and analysis; business; institutions,
governments, and cities; systemic initiatives; circular design;
learning; and communications. With its Knowledge Partners (Arup,
Dragon Rouge, IDEO, and SYSTEMIQ), the Foundation works to quantify
the economic opportunity of a more circular model and to develop
approaches for capturing its value. The Foundation collaborates
with its Global Partners (BlackRock, Danone, DS Smith, Google,
H&M Group, Intesa Sanpaolo, Philips, Renault, SC Johnson,
Solvay, Unilever), Core Philanthropic Funders (The Eric and Wendy
Schmidt Fund for Strategic Innovation, SUN, MAVA, players of
People’s Postcode Lottery (GB)) and its CE100 network (businesses,
universities, emerging innovators, governments, cities, affiliate
organizations), to build capacity, explore collaboration
opportunities and to develop circular business initiatives.
Further information:
ellenmacarthurfoundation.org
For media enquiries, please contact: Chimmy
Leung Executive Director, Corporate Communications Tel: +852 3151
3765 Email: chimmyleung@melco-resorts.com
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