VICI Properties Inc. Unveils Comprehensive ESG Report for 2023–2024

VICI Properties Inc. Unveils Comprehensive ESG Report

In a significant development, VICI Properties Inc. (NYSE: VICI) has announced the release of its 2023-2024 Environmental Sustainability, Social Responsibility, and Corporate Governance Report. This report underscores the company's dedication to enhancing its sustainability initiatives and reflects its progress made in the past year. The report is structured in alignment with the Sustainability Accounting Standards Board (SASB) Real Estate Standard and incorporates the Task Force on Climate-related Financial Disclosures (TCFD) framework. Moreover, it details VICI's contributions toward the UN Sustainable Development Goals (UN SDGs).

VICI's Commitment to Sustainability

Ed Pitoniak, the Chief Executive Officer of VICI Properties, expressed pride in the company’s continuous improvement and sustainable growth. He stated, “At VICI, we remain focused on enhancing our operations as we expand. This year, we’re thrilled to showcase our advancements in sustainability, community engagement, and dedication to effective corporate governance.”

This comprehensive report not only highlights VICI's commitment to environmental sustainability but also provides insights into its social responsibility initiatives. It serves as a testament to VICI’s efforts in addressing critical issues and promoting sustainable practices within the real estate investment sector.

Exploring the ESG Report

The 2023-2024 ESG Report is easily accessible via VICI’s official website, specifically under the “Corporate Responsibility” section. Interested parties can delve into the specifics of VICI’s strategic initiatives aimed at making a positive impact on the environment and society.

About VICI Properties

VICI Properties Inc. is a prominent player in the S&P 500® index and operates as an experiential real estate investment trust. The company boasts a remarkable portfolio comprising some of the most sought-after gaming, hospitality, and entertainment venues, such as Caesars Palace Las Vegas and the Venetian Resort Las Vegas, which are iconic landmarks on the Las Vegas Strip. VICI's expansive portfolio includes 93 experiential assets spread across the United States and Canada, featuring 54 gaming properties alongside 39 additional experiential locations.

The portfolio encompasses approximately 127 million square feet and consists of around 60,300 hotel rooms, in addition to over 500 dining and entertainment establishments, including bars, nightclubs, and sportsbooks. All facilities are operated under long-term, triple-net lease agreements with leading entities in the gaming, leisure, and hospitality industries.

Expanding Real Estate Ventures

VICI Properties is continually enhancing its portfolio through strategic partnerships and collaborations with leading operators in various experiential sectors. This includes partnerships with reputable companies such as Bowlero, Great Wolf Resorts, and Kalahari Resorts. Furthermore, VICI is expanding its reach by owning four championship golf courses along with 33 acres of land available for future development adjacent to the Las Vegas Strip.

The company aims to curate a premium and effective experiential real estate portfolio by collaborating with high-quality operators and property developers, focusing on creating unforgettable experiences for visitors and guests.

Conclusion

VICI Properties Inc. remains steadfast in its commitment to sustainability and responsible governance. The latest ESG report not only highlights the company’s achievements but also sets a solid foundation for future initiatives aimed at promoting eco-friendly practices and fostering positive social impacts. As the company continues to grow, stakeholders can look forward to further developments in its sustainable strategies and community contributions.

Frequently Asked Questions

What is the purpose of the 2023-2024 ESG Report?

The report aims to highlight VICI Properties Inc.'s progress in environmental sustainability, social responsibility, and corporate governance over the past year.

How can I access the ESG Report?

The report is available on VICI Properties' official website in the “Corporate Responsibility” section.

Who is the CEO of VICI Properties?

Ed Pitoniak currently serves as the Chief Executive Officer of VICI Properties Inc.

What type of properties does VICI Properties own?

VICI owns a diverse range of properties, including gaming, hospitality, and entertainment venues, as well as championship golf courses and undeveloped land.

How does VICI contribute to community and employee impact?

VICI is dedicated to improving community engagement and social responsibility initiatives as part of its ongoing sustainability efforts.

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