LAS VEGAS, Nov. 4, 2019 /PRNewswire/ -- MGM Resorts
International today announced an evolved vision for social impact
and sustainability including setting goals to bolster diversity and
inclusion, donate millions of meals and continue offering
scholarship and educational opportunities for employees and their
families. Through a commitment to be "Focused on What Matters:
Embracing Humanity and Protecting the Planet," MGM Resorts is
committing to creating a more sustainable future, while striving to
make a bigger difference in the lives of its employees, guests and
in the communities where the Company operates.
"As a company with a global presence and more than 80,000
employees worldwide, MGM Resorts recognizes our responsibility
extends beyond simply serving our customers and growing our bottom
line. Focused on What Matters elevates and builds upon our
work and investments in responsible leadership and provides a
roadmap for making the most meaningful, enduring impact possible,"
said MGM Resorts Chairman and CEO Jim
Murren. "I am proud of the long-held values that have always
guided how our organization addresses societal needs, and I am
honored to lead MGM Resorts as we embark on this mission."
MGM Resorts set concrete goals within four priority areas,
guided by the Company's commitment to the UN Sustainable
Development Goals. They are:
- Fostering Diversity & Inclusion: MGM Resorts is
committed to developing and enhancing talent management systems
that ensure equal access to employment and career growth
opportunities for all. Through education and training, the Company
creates welcoming, inclusive environments where diverse ideas and
perspectives lead to innovative and creative solutions to drive
business growth and expand Company goodwill around the world.
- Investing in Community: In collaboration with the public
sector, policy makers, educators and nonprofit organizations, MGM
Resorts strives to expand pathways to economic security for its
workforce. By enhancing the social and cultural fabric in the
communities where we operate, the Company is working to elevate the
quality of life for everyone in our communities.
- Caring for One Another: Through volunteerism, employee
giving and Company philanthropy, MGM Resorts instills philanthropic
commitment and pride in employees that drives positive social
impact in their communities. With a focus on core initiatives of
hunger relief, public education, workforce development, diversity,
environmental sustainability, and health & wellness MGM Resorts
supports our host communities' unique challenges.
- Protecting the Planet: At MGM Resorts, we believe that
environmental leadership is critical to ensuring the long-term
viability of corporations – and our planet. We are committed to
being a global advocate in accelerating the fight against climate
change. Through sustainable design and construction, we will build
with tomorrow in mind and through our responsible operations we aim
to reduce our negative environmental impacts.
MGM Resorts' social impact and sustainability goals are woven
into the Company's strategic plans from its people practices, to
sustainable business operations, to global supply chain networks.
Some of the Company's commitments to achieve by 2025 include:
- Reaching 1 million cumulative volunteer hours through the
employee volunteer program
- Donating 5 million meals through the Company's Feeding Forward
program, which provides unserved food from our resorts
- Awarding 600 post-secondary scholarships to children of
employees
- Reducing carbon emissions per square foot by 45%, energy per
square foot by 25%, water per square foot by 30% and achieving 60%
materials diversion rate
- Spending at least 10% of the Company's domestic biddable
procurement spend with diverse suppliers
- Ensure that all employees – including women, the LGBTQ+
community, people of color and people with disabilities – have
equal access to leadership opportunities throughout MGM Resorts and
that our policies of inclusion are embedded into our culture
In addition to creating a new vision, MGM further confirms its
commitment to enhancing its focus on embracing humanity and
protecting the planet, by signing onto the United Nations Global
Compact which calls on companies to align strategies and operations
with universal principles on human rights, labor, environment and
anti-corruption and take actions that advance societal goals.
In a letter to the Secretary-General, Mr. Murren says, "MGM
Resorts International is committed to joining the United Nations
Global Compact…we express our intent to enhance our focus on these
principles in our company. We also commit to advancing the broader
goals of the UN, particularly the Sustainable Development
Goals."
More details about Focused on What Matters: Embracing
Humanity and Protecting the Planet can be found at
https://www.mgmresorts.com/focused
ABOUT MGM RESORTS INTERNATIONAL
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 30 unique hotel and destination gaming
offerings including some of the most recognizable resort brands in
the industry. Expanding throughout the U.S. and around the world,
the company recently acquired the operations of Empire City Casino
in New York and MGM Northfield
Park. In 2018, MGM Resorts opened MGM Springfield in Massachusetts, MGM COTAI in Macau, and the first Bellagio-branded hotel in
Shanghai. The 82,000 global
employees of MGM Resorts are proud of their company for being
recognized as one of FORTUNE® Magazine's World's Most Admired
Companies®. For more information visit us at
www.mgmresorts.com.
Statements in this release that are not historical facts are
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995 and involve risks and/or
uncertainties, including those described in the Company's public
filings with the Securities and Exchange Commission. The Company
has based forward-looking statements on management's current
expectations and assumptions and not on historical facts. Examples
of these statements include, but are not limited to, the Company's
expectations regarding future results and the Company's financial
outlook (including any guidance), the Company's ability to generate
free cash flow growth, return capital to shareholders and further
de-lever, and the Company's ability to execute its strategic plan,
capital allocations strategy, and deliver on its 2020 goals.
These forward-looking statements involve a number of risks and
uncertainties. Among the important factors that could cause actual
results to differ materially from those indicated in such
forward-looking statements include effects of economic conditions
and market conditions in the markets in which the Company operates
and competition with other destination travel locations throughout
the United States and the world,
the design, timing and costs of expansion projects, risks relating
to international operations, permits, licenses, financings,
approvals and other contingencies in connection with growth in new
or existing jurisdictions and additional risks and uncertainties
described in the Company's Form 10-K, Form 10-Q and Form 8-K
reports (including all amendments to those reports). In providing
forward-looking statements, the Company is not undertaking any duty
or obligation to update these statements publicly as a result of
new information, future events or otherwise, except as required by
law. If the Company updates one or more forward-looking statements,
no inference should be drawn that it will make additional updates
with respect to those other forward-looking statements.
MGM RESORTS CONTACTS:
Samantha Cummis
Executive Director Communications
(702) 692-6847
scummis@mgmresorts.com
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