Melco Resorts & Entertainment Limited (“Melco”) has become a
signatory to the Global Tourism Plastics Initiative led by the
UN Environment Programme and the World Tourism Organisation in
collaboration with the Ellen MacArthur Foundation. Melco is part of
the first group of signatories to the initiative – taking a further
step forward as a global leader to address the root causes of
problematic plastic waste and pollution. In becoming a signatory,
Melco commits to leading by example; to drive action internally,
share knowledge and to catalyze collaborative action throughout the
tourism and hospitality sector. Melco recognizes the need for
the tourism sector to take action and to recognize its role as an
agent of change.
Ms. Denise Chen, Senior Vice President
and Chief Sustainability Officer of Melco Resorts &
Entertainment, said, “We are pleased with the leadership
position we have taken to sign up to the New Plastics Economy
Global Commitment and now the Global Tourism Plastics
Initiative, which represents another step forward on our path
towards zero waste and circular economy leadership. As a leading
integrated resort operator and responsible corporate citizen, we
understand it is essential to step up and take action to combat the
issue of problematic plastics and the resultant pollution it causes
and are committed to continue to integrate this into our core
business strategy as a key focus area across our daily
operations.”
The Global Tourism Plastics Initiative requires
tourism organizations to make a set of concrete and actionable
commitments by 2025, including eliminating problematic or
unnecessary plastic packaging and items by 2025; taking action to
move from single-use to reuse models or reusable alternatives by
2025; engaging the value chain to move towards 100% of plastic
packaging to be reusable, recyclable, or compostable; taking action
to increase the amount of recycled content across all plastic
packaging and items used; collaborating and investing to increase
recycling and composting rates for plastics; and reporting publicly
and annually on progress made towards these targets.
Last month, Melco published its 2019
sustainability report Above & Beyond highlighting the positive
and substantial progress made towards its sustainability goals,
including inspiring the Company’s resort guests by showing them
that a sustainable future is a better future; being the best
partner and the best place to work; achieving carbon neutrality
across all resort properties; and achieving zero waste and
contributing to circular economic leadership in Asia by the year
2030. For further details, please visit:
melco-resorts.com/sustainability/index.html.
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 hotel located at Taipa,
Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated
urban 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
four satellite casinos (“Cyprus Casinos”). Upon the opening of City
of Dreams Mediterranean, the Company will continue to operate the
four 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 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 Global Tourism Plastics
Initiative
The Global Tourism Plastics Initiative unites
the tourism sector behind a common vision to address the root
causes of plastic pollution. It enables businesses, governments,
associations and NGOs to take concerted action, leading by example
in the shift towards a circularity in the use of plastics.
About the UN Environment
Programme
The UN Environment Programme is the leading
global voice on the environment. It provides leadership and
encourages partnership in caring for the environment by inspiring,
informing and enabling nations and peoples to improve their quality
of life without compromising that of future generations.
http://www.unenvironment.org
About the World Tourism
Organisation
The World Tourism Organization (UNWTO) is the
United Nations agency responsible for the promotion of responsible,
sustainable and universally accessible tourism. As the leading
international organization in the field of tourism, UNWTO promotes
tourism as a driver of economic growth, inclusive development and
environmental sustainability and offers leadership and support to
the sector in advancing knowledge and tourism policies
worldwide.
https://www.unwto.org
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.
https://www.ellenmacarthurfoundation.org
About the New Plastics Economy Global
Commitment
The New Plastics Economy Global Commitment
unites businesses, governments, and other organisations behind a
common vision and targets to address plastic waste and pollution at
its source. Signatories include companies representing 20% of all
plastic packaging produced globally, as well as governments, NGOs,
universities, industry associations, investors, and other
organisations. The New Plastics Economy Global Commitment is led by
the Ellen MacArthur Foundation, in collaboration with the UN
Environment Programme.
https://www.newplasticseconomy.org/projects/global-commitment
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
Communications Tel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
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