Key points:
- Las Vegas Sands secured positions on DJSI World and DJSI North America for the fifth consecutive year
- Sands China was recognised on DJSI World and DJSI Asia Pacific for the third consecutive year
- The company reported progress toward 2025 ESG targets, including a 50% reduction in carbon emissions compared to its base year
Las Vegas Sands has retained its position on the Dow Jones Sustainability Indices (DJSI) for the fifth consecutive year, earning recognition on both DJSI World and DJSI North America.
Sands China, the company’s Asian subsidiary, was also listed on DJSI World and DJSI Asia Pacific for the third consecutive year.
The DJSI rankings evaluate companies based on environmental, social and governance (ESG) criteria. Sands and Sands China were the only companies from the Casino and Gaming sector included in DJSI World, with Sands being the sole representative on DJSI North America and Sands China among two companies listed on DJSI Asia Pacific.
Katarina Tesarova, SVP and Chief Sustainability Officer at Sands, stated: "We greatly value DJSI as a benchmark for our performance as well as its valuable feedback. To receive recognition on these lists is a fantastic endorsement, but we also learn from the process every year."
Sands’ 2021-2025 ESG plan focuses on workforce development, community service and environmental sustainability. As of the end of 2023, Sands reported $181m invested toward a $200m workforce development target and 222,823 volunteer hours recorded, approaching its 250,000-hour goal by 2025.
Good to know: Sands’ ESG performance also earned it recognition on Newsweek’s 2024 list of America’s Most Responsible Companies, where it ranked 60th overall and first in the hotels, dining and leisure category.
Under its environmental targets, Sands reported a 50% reduction in carbon emissions compared to its base year, despite higher energy consumption driven by pre-pandemic visitation levels returning. The company’s long-term goal is to reduce emissions by 17.5% by 2025.
In October 2024, Las Vegas Sands reported a 4.3% year-on-year decline in Q3 revenue to $2.68bn. Net income fell 21.4% to $353m, but the company authorised $2bn in future share buybacks and increased its 2025 dividend. Sands also invested $539m into developments, including projects in Macao and Singapore.
