Sands China outlines new target to reduce carbon emissions

Macau casino operator Sands China Ltd says it remained “ahead” in 2024 of a 17.5-percent emissions reduction target it set for itself. It added it had done this “by achieving a 60-percent reduction” in the group’s “scope 1 and 2 emissions from a 2018 base year”.

The information was included in the company’s “2024 Environmental, Social and Governance [ESG] Report”, published on Wednesday.

Sands China also outlined a new target of a “30-percent reduction in scope 1 and 2 emissions by the end of 2025,” and published what it described as its “first low-carbon transition plan” as part of the report.

“The new target complements our existing SBTi-validated 17.5 percent emission-reduction target by aligning with the 1.5°C temperature goal of the Paris Agreement,” stated the casino firm.

Sands China, which runs five casino complexes in Macau, is a unit of U.S.-based Las Vegas Sands Corp.

In its ESG report, Sands China said it “performed well” on several specific sustainability targets.

“In 2024, potable water use remained below our 2019 base year and above our 3-percent intensity-reduction target,” said the company.

“As a testament to our sustainability excellence, all five of our Macau properties obtained ISO 14001 Environmental Management System certification in 2024,” it added.

Sands China stated it “completed 17 projects that reduced energy consumption by 13,848 MWh and netted US$2 million in estimated annual energy savings” among its Macau properties.

Sands China’s president and chief executive, Grant Chum, said in a message included in the report: “We have established a number of targets to drive progress and create sustainable impact, including a flagship ambition for each ESG pillar.”

He added: “After completing year four of the 2021–2025 ESG reporting cycle, we are pleased with the progress on these ambitions, as well as on our other targets.”

In 2024, Sands China said it “delivered 2.3 million hours of workforce training,” bringing the group’s total “to 8.6 million hours, exceeding our 2025 target of 7 million hours”.

The company also said it exceeded its target of contributing “200,000 team member volunteer hours to local community service organisations”.

“In 2024, our team members logged 17,761 volunteer hours for a total of 205,154 since 2021,” stated the casino firm.

Last year, the group’s Sands Cares Ambassadors marked 15 years of community service.

“Our goal is to not only comply with regulatory requirements, but also to establish a benchmark for excellence in ESG practices as we move forward,” said Mr Chum.

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