Melco signs up to Global Commitment to tackle plastics pollution
March 14 2019 - 4:27AM
Melco Resorts & Entertainment Limited announced that it is the
first and only hospitality group and integrated resort operator
globally to become a signatory to The New Plastics Economy Global
Commitment ('Global Commitment'), led by the Ellen MacArthur
Foundation in collaboration with UN Environment. This announcement
coincides with the first official progress report* published by the
Ellen MacArthur Foundation around this global initiative to
eliminate plastics waste and pollution. Driven by Melco’s
strong focus around environmental sustainability which is core to
its strategy and daily operations, Melco is committed to reducing
the use of problematic plastics and promoting circular economy
across its global operations, including at integrated resorts City
of Dreams Macau, Studio City, Altira Macau and City of Dreams
Manila, as well as its corporate offices and properties in Hong
Kong, Macau, the Philippines and Japan.
The New Plastics Economy Global Commitment was
first launched in October 2018, spearheaded by Ellen MacArthur
Foundation in collaboration with UN Environment and supported by
World Wide Fund for Nature (WWF), World Economic Forum and Consumer
Goods Forum, among others. The Global Commitment addresses the
worldwide issue of plastics pollution. With plastics weighing 8
million tonnes entering the ocean each year, if current trends
continue, there could be more plastics than fish (by weight) in the
sea by 2050. The initiative enables a coalition between governments
and companies committed towards 100% reusable, recyclable, or
compostable plastic packaging by 2025. Businesses that become
signatories will publish annual data on their progress, and targets
will be reviewed every 18 months and amplified over time.
As a signatory, Melco is committed to
eliminating unnecessary plastic packaging and reducing single-use
plastics. By the end of 2019, Melco will remove 100% of single-use
plastic bottles at all employee areas. By the end of 2020, Melco
plans to expand the scope to guest areas including for amenity
kits, garbage bags, plastic bottles, straws, disposable F&B
containers and utensils with a concrete roadmap. Furthermore, by
mid-2019, Melco will complete the process of identifying non
reusable, recyclable, or compostable packaging, and further develop
an execution plan to address each of these by 2025.
In support of this initiative, Mr.
Lawrence Ho, Chairman and Chief Executive Officer of Melco Resorts
& Entertainment said, “We recognize plastic pollution
is a global challenge and will endeavor to eliminate problematic
plastic by placing this at the forefront of our sustainability
efforts. As a leading integrated resort operator and responsible
corporate citizen, it is our duty to take concrete action by
helping resolve some of the key environmental threats facing
communities around us, in Macau and beyond. We believe we need to
leave our environment in a better state for the next generation and
Melco is thoroughly committed to doing its part.”
*First New Plastics Economy Global Commitment
Report: www.newplasticseconomy.org
About Melco Resorts & Entertainment
LimitedThe 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. 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.cityofdreams.com.ph), a casino, hotel, retail and
entertainment integrated resort in the Entertainment City complex
in Manila. 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.
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
CommunicationsTel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Melco Resorts and Entert... (NASDAQ:MLCO)
Historical Stock Chart
From Apr 2023 to Apr 2024