Melco Resorts & Entertainment, under the visionary leadership of Chairman and CEO Lawrence Ho, has embarked on a profound journey towards sustainability. In their recent report titled “Rise to go Above & Beyond,” the company proudly showcases its unwavering commitment to environmental responsibility, community engagement, and positive change.
Supply Chain Sustainability:
A cornerstone of Melco’s sustainability strategy is its dedication to nurturing local economies and fostering environmentally-conscious practices throughout its supply chain. Impressively, 87% of the company’s purchases originate from local suppliers, reinforcing its support for regional businesses. Furthermore, Melco’s emphasis on organic products is evident with 100% of its tea meeting organic standards and sourcing all coffee from local partners certified by the Philippines Coffee Board. Notably, the company is actively transitioning to source all its eggs from cage-free hens by 2025, demonstrating a profound commitment to animal welfare.
Progressive Initiatives:
Melco’s sustainability journey extends beyond procurement, encompassing a diverse range of initiatives aimed at promoting ethical practices and minimizing environmental impact. Workshops focusing on animal welfare, waste reduction, and human rights underscore the company’s dedication to continuous improvement. Particularly commendable is Melco’s achievement of providing comprehensive training to security personnel on identifying and addressing human rights violations and modern slavery—a critical step towards ensuring ethical standards across all operations.
Environmental Conservation:
Melco Resorts & Entertainment’s environmental stewardship is exemplified by its ambitious efforts to reduce energy consumption and promote renewable energy sources. The installation of 25,000 solar panels across its properties signifies a substantial investment in clean energy infrastructure, contributing to a significant reduction of over 57.4 million kWh in energy usage through various efficiency measures. Additionally, the company’s commitment to recycling is evident in its initiative to repurpose 500 tonnes of playing cards, highlighting a proactive approach towards waste management and resource conservation.
Advocacy and Industry Support:
Beyond its internal initiatives, Melco is actively engaged in advocating for policies that foster sustainable growth within the broader industry. Lawrence Ho’s endorsement of multiple-entry visas between Hengqin and Macau reflects the company’s strategic vision for enhancing tourism accessibility while fostering economic development. Such initiatives not only benefit tourists but also have the potential to positively impact the gambling industry by facilitating smoother travel experiences and promoting cross-border cooperation.
Melco Resorts & Entertainment’s commitment to sustainability serves as a beacon of corporate responsibility and innovation within the entertainment and hospitality sector. Through a holistic approach encompassing supply chain transparency, progressive initiatives, environmental conservation, and industry advocacy, the company sets a commendable example for others to follow. As Melco continues to “Rise to go Above & Beyond,” it reaffirms its position as a catalyst for positive change, demonstrating that profitability and sustainability can indeed go hand in hand.