One of only two hotel and gaming companies included, Sands'
2024 recognition demonstrates the value it delivers to host regions
and the hospitality industry
LAS
VEGAS, Jan. 31, 2024 /PRNewswire/ -- Las Vegas
Sands (NYSE: LVS) has again been named one of Fortune's
World's Most Admired Companies in the news outlet's 2024 list of
the most respected and reputable global businesses, marking the
company's 10th appearance on the list.
"Sands' being included on Fortune's list is an endorsement
of our performance in delivering economic, social and environmental
value to our communities, Team Members, investors and customers,"
said Patrick Dumont, president and
chief operating officer. "Entering 2024 with this recognition
demonstrates our ability to successfully navigate change and
evolution, while remaining focused on the positive impact we strive
to deliver."
After exiting its Las Vegas
operations in 2022, Sands has focused on reinvestment in
Asia and development of new
businesses and geographies. In 2023, the company reaffirmed its
commitment to Macao with Sands
China's pledge to invest $3.75
billion in capital and operating projects through 2032 to
support Macao's stature as a
global tourism destination. Sands also is focused on continuing to
propel Singapore's growth in
international tourism with a $1.75
billion reinvestment program currently underway at Marina
Bay Sands.
Sands is the largest global developer and operator of
world-class integrated resorts. Combining luxury hotel rooms and
suites, gaming, state-of-the-art meeting and convention facilities,
expansive retail offerings and an array of entertainment
attractions, the company's iconic integrated resorts are premier
attractions that draw hundreds of thousands of business and leisure
tourists to its regions annually.
In each of its regions, Sands is focused on being the employer
and partner of choice; keeping its communities strong by making
them ideal places to live, work and visit; and minimizing
environmental impact by being a leader in preserving natural
resources and incorporating sustainable practices.
With the goal of achieving measured, ongoing environmental,
social and governance progress in these areas, the company
established 2021-2025 ambitions to invest $200 million in workforce development, contribute
150,000 volunteer hours to its communities and reduce carbon
emissions by 17.5% by the end of the period, mapping to its People,
Communities and Planet corporate responsibility pillars.
Under the Communities pillar, the company surpassed its 150,000
community service hours at the end of 2022 because of extensive
support for pandemic-related initiatives, along with core Sands
Cares volunteer efforts. The new 2025 target will be announced in
Sands' next ESG report in spring 2024, along with progress toward
all three ambitions.
As of 2022 reporting, the company had invested $56 million in workforce development initiatives,
bringing its cumulative investment to $113
million since 2021, well past the halfway point. Carbon
emissions reduction was at 50%; however, that figure reflected
continued pandemic-related impact on property visitation and will
be updated in the 2023 ESG report.
Sands' designation on the Fortune World's Most Admired Companies
list follows recent recognition on Newsweek's 2024 America's
Most Responsible Companies list as well as the 2023 Dow Jones
Sustainability World and North America Indices.
As in the past, Fortune collaborated with its partner
Korn Ferry on this survey of
corporate reputations, which began with a universe of about 1,500
candidates: the 1,000 largest U.S. companies ranked by revenue,
along with non-U.S. companies in Fortune's Global 500 database that
have revenues of $10 billion or more.
The assortment was winnowed to the highest-revenue companies in
each industry, a total of 660 in 29 countries. The top-rated
companies were picked from that pool of 660; the executives who
voted work at the companies in that group.
To determine the best-regarded companies in 52 industries,
Korn Ferry asked executives,
directors, and analysts to rate enterprises in their own industry
on nine criteria, from investment value and quality of management
and products to social responsibility and ability to attract
talent. A company's score must rank in the top half of its industry
survey to be listed. For complete rankings, visit fortune.com.
About Sands (NYSE: LVS)
Sands is the world's preeminent developer and operator of
world-class integrated resorts. The company's iconic properties
drive valuable leisure and business tourism and deliver significant
economic benefits, sustained job creation, financial opportunities
for local businesses and community investment to help make its host
regions ideal places to live, work and visit.
Sands' portfolio of properties includes Marina Bay Sands in
Singapore and The Venetian Macao,
The Plaza Macao, The Londoner Macao, The Parisian Macao and Sands
Macao in Macao SAR, China, through majority ownership in Sands
China Ltd.
Sands is dedicated to being a leader in corporate
responsibility, anchored by the core tenets of serving people,
planet and communities. The company's ESG leadership has led to
inclusion on the Dow Jones Sustainability Indices for World and
North America. To learn more,
visit www.sands.com.
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SOURCE Las Vegas Sands