Melco publishes second sustainability strategy report Above & Beyond
May 31 2020 - 11:53PM
Melco Resorts & Entertainment announces the publication of its
2019 sustainability report (link). Since launching the Company’s
Above and Beyond sustainability strategy, the report highlights the
positive and substantial progress made towards the Company’s
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.
Mr. Lawrence Ho, Chairman & CEO of
Melco Resorts & Entertainment, said, “Last year,
Melco’s inaugural Above & Beyond sustainability strategy set
out a comprehensive series of bold, strategic initiatives and
ambitions to confront systemic issues within the hospitality
industry. One year on, amidst the current economic uncertainty, we
remain firmly driven by our focus around our sustainability goals.
They stand at the core of our strategy and have become part of
daily operations for our entire workforce, from top to bottom.
Through sustained efforts and reporting, we will carry on
protecting the environment for future generations, mitigating
climate risks as we continue embracing responsible development as a
catalyst for growth and positive change, all whilst enhancing our
guest experiences. Furthermore, building upon Melco’s philosophy of
giving back to the community, the Company continues to stand
together with the people of Macau as we deploy employees en masse
to offer support for communities impacted by recent events.”
The latest report details the Company’s progress
made in the last twelve months, including:
- Receiving an A- and “Best First Time Performer” accolade from
CDP, one of the world’s most respected and long-standing
environmental disclosure systems, placing Melco in their leadership
band for climate change responses;
- Melco’s entire Macanese portfolio being honored with the
globally-recognized eco-label Green Key award;
- Diverting 712 tons of waste from disposal to recycling and
composting, an increase of 10% on last year;
- Investment in technology – trialing A.I. systems in both front-
and heart-of-house to tackle the major challenge of food
waste;
- Installation of solar panels at City of Dreams Manila with the
potential to generate 100,000 kWh of electricity per month
- Embedding ourselves within the surrounding community in Macau,
80% of all our procurement is from, or through, local suppliers.
This localized approach to engagement and dialogue sits at the
heart of Melco’s business model and is reflected in the multiple
international HR and employment awards achieved in 2019.
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 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 casino in the Republic of
Cyprus, and four satellite casinos (“Cyprus Casinos”). Upon the
opening of City of Dreams Mediterranean, the Company will also
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.
For media enquiries, please
contact:Chimmy LeungExecutive Director, Corporate
Communications Tel: +852 3151 3765Email:
chimmyleung@melco-resorts.com
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