Key points:
- Sands exceeded 2025 goals in workforce development and community service, and achieved a 50% emissions reduction
- The company invested $3bn with local businesses and $12m in philanthropy
- Sands also introduced a new 30% emissions-reduction target aligned with the Paris Agreement's 1.5°C goal
Las Vegas Sands has released its 2024 Environmental, Social and Governance (ESG) report, highlighting significant progress toward its 2021-2025 corporate responsibility goals.
The company has already surpassed two of its three primary ambitions while performing ahead of schedule on its emissions reduction target.
Under its ‘People’ pillar, Sands invested $220m in workforce development initiatives by the end of 2024, exceeding its $200m target a year early.
This included nearly $38m spent in 2024 alone to advance job skills and career training for team members, hospitality professionals and local labor pools in its operating regions.
The company also exceeded its ‘Communities’ pillar goal, logging 255,955 team member volunteer hours between 2021-2024 – surpassing the 250,000-hour target set for 2025.
In 2024 alone, Team Members contributed 33,132 volunteer hours supporting more than 70 nonprofit organisations.
Good to know: Additional 2024 achievements include $3bn spent with local businesses and SMEs, $12m in philanthropic contributions, a 6% increase in operational waste diversion and an 11% reduction in potable water use intensity from 2019 levels
On the environmental front, Sands reduced its scope 1 and 2 emissions by 50% compared to the 2018 baseline, significantly outpacing its 17.5% science-based reduction target.
The company also released its first low-carbon transition plan in 2024, establishing a new 30% emissions-reduction target aligned with the Paris Agreement's 1.5°C goal.
Commenting on these results, Katarina Tesarova, Sands' Chief Sustainability Officer, stated: “In 2025, we are focused on closing the gaps around our 2025 goals and continuing to push ahead in areas where we've achieved our ambitions or are currently surpassing our targets.
“We are motivated to aim higher as we set our sights on a strong finish to our current reporting period and prepare to establish new goals for our 2026-2030 cycle.”
