Melco Resorts Unveils 2024 Sustainability Report
Melco Resorts & Entertainment has recently published its impressive sustainability report for 2024, aiming to embody the essence of its philosophy to go "Above & Beyond". This strategy is a clear commitment to environmental restoration, community inspiration, and business empowerment, all while fostering positive changes in the regions where the company operates.
Insights from Mr. Lawrence Ho
Mr. Lawrence Ho, the Chairman and CEO, shared his perspective on the hospitality sector. He believes that beyond just a service, hospitality should create memorable experiences that leave lasting impacts. Every year, Melco sets ambitious goals to redefine luxury in the industry, emphasizing that luxury and responsibility can coexist as partners. This year was particularly significant as the company focused on refining its strategies, boosting operational momentum, and ensuring that its integrated resorts uphold exceptional standards.
Performance Highlights of the Sustainability Strategy
The sustainability strategy, aptly named "RISE to go Above & Beyond," showcases Melco's achievements and future aspirations in sustainability.
Awards and Recognition
Melco has received notable accolades, including:
- Recognition of ten facilities as 'Responsible Gambling Model Units' by DICJ RG Implementation Index, with nine scoring perfect 100%.
- Accreditation from the Responsible Gambling Council, particularly for properties in Cyprus and Manila.
- Inclusion in the "S&P Global Sustainability Yearbook 2025" and ranking in the 93rd percentile of the industry.
- Carbon Disclosure Project (CDP) scores were recorded at B for both Climate and Water.
- Studio City, Nuwa, Morpheus, and The Countdown proudly received Green Key and Green Hotel Awards.
Empowering Employees
Melco has made substantial investments in its employees, with an average of US$582 spent per FTE on training and development. This translates to an impressive 38 hours of training for each employee, achieving 100% participation in educational sessions. Additionally, 3.5% of employees in Macau participated in over 4,100 experiences under the Foundation Acceleration Program, reinforcing Melco's commitment to skill enhancement and career growth.
Community Contributions and Initiatives
Melco has actively engaged with local communities, and the impact is quite remarkable:
Community Engagement & Contributions
- Approximately 3,600 participants engaged in 359 volunteer initiatives, demonstrating the company's commitment to social responsibility.
- Over US$17.42 million has been donated to various causes benefiting local communities.
Energy Management and Climate Resilience
In its quest for sustainability, Melco has implemented various energy efficiency measures, resulting in exceptional savings:
Energy Savings Achievements
- Since 2018, energy efficiency initiatives have saved over 62.5 million kWh, marking a 9% increase compared to last year.
- More than 25,000 photovoltaic panels have been installed across all properties, producing nearly 10,000 MWh annually.
Responsible Resource Use and Waste Management
Melco recognizes the importance of responsible material use and effective waste management:
Sustainable Practices Implemented
- Introduced a water filtration system that has eliminated 13.2 million single-use plastic bottles at its resorts.
- Expanded recycling efforts for playing cards across various properties.
- At City of Dreams Manila, food waste is composted on-site, and excess compost is donated to local farms for growing vegetables used in its restaurants.
Supply Chain Sustainability
Melco is dedicated to ethical sourcing and supplier engagement:
Supply Chain Initiatives
- All eggs used for food and beverage operations are now cage-free. In addition, 74% of eggs sourced for City of Dreams Mediterranean are cage-free.
- Efforts to adopt recycled fabric uniforms are ongoing, with guidelines being established for certification.
- The company has enhanced tracking and verification processes for its key sourcing categories, empowering local suppliers to meet Melco’s high standards.
Prioritizing Business Integrity and Preparedness
Melco places a strong emphasis on ethics and operational integrity:
Business Empowerment Measures
- Ongoing ethics training programs are provided for employees and suppliers, promoting a culture of integrity.
- Real-world cyberattack simulations have been conducted for relevant employees, enhancing readiness and responsiveness.
Melco Resorts & Entertainment remains driven by its sustainability commitments. The company invites stakeholders, local communities, and partners to join its ambitious journey toward a climate-resilient and equitable future.
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment, a key player in the integrated resort sector with its shares publicly traded on NASDAQ (NASDAQ: MLCO), is committed to excellence in hospitality across Asia and Europe. Its properties include the luxurious Altira Macau and City of Dreams, along with the Mocha Clubs, where gaming experiences thrive outside traditional casinos. Melco also operates City of Dreams Mediterranean in Cyprus, enhancing its European presence effectively.
For further details, please visit www.melco-resorts.com.
For media inquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email: chimmyleung@melco-resorts.com
Frequently Asked Questions
What is the main focus of Melco's sustainability report?
The report emphasizes environmental restoration, community support, and business empowerment.
How does Melco support employee development?
Melco invests heavily in training, providing substantial resources for employee learning and growth.
What notable awards has Melco received?
Melco has been recognized for responsible gaming practices and sustainability performance.
How is Melco addressing environmental challenges?
Through energy efficiency measures and waste reduction initiatives, Melco aims to create a sustainable future.
What are Melco’s efforts towards ethical sourcing?
The company aims for 100% cage-free egg sourcing and sustainable supply chain practices.
