Penn Entertainment’s 2023 Corporate Social Responsibility (CSR) report underscores its unwavering commitment to environmental sustainability, social responsibility, and sound corporate governance practices. With a robust array of initiatives spanning philanthropy, community engagement, and diversity, the company has made significant strides towards fostering positive change.
Philanthropic Contributions:
In 2023, Penn Entertainment’s philanthropic efforts made a tangible difference in local communities. The company’s donations exceeding $8 million to various local charities and economic development grants totaling over $17 million have catalyzed meaningful change. Notably, its contributions of more than $750,000 to veteran and military-support-focused nonprofits, alongside the establishment of a military scholarship at Penn State Berks, exemplify its dedication to supporting those who have served their country.
Community Engagement:
Penn Entertainment’s workforce embodies the spirit of giving back, collectively volunteering over 9,500 hours to support individuals and communities in need. Through initiatives like the Diverse Vendor Incubator Programme, the company is not only driving economic empowerment but also fostering an ecosystem of inclusivity. The launch of “Penn Women,” an employee resource group aimed at enhancing inclusivity and providing mentorship opportunities, further underscores its commitment to diversity and equality.
Leadership Perspective:
Jay Snowden, CEO and President of Penn Entertainment, lauds the collaborative efforts of various committees within the organization in advancing its ESG agenda. He emphasizes the pivotal role played by the Nominating and Corporate Governance Committee, alongside the internal ESG and Diversity Committees, in raising the bar for corporate responsibility. Snowden’s sentiments reflect a deep-seated pride in the accomplishments of the past year while signaling a continued dedication to amplifying the company’s positive impact on stakeholders.
Penn Entertainment’s 2023 CSR report serves as a testament to its ethos of responsible business practices and societal contribution. By leveraging its resources and mobilizing its workforce, the company has demonstrated a steadfast commitment to driving positive change. As it looks towards the future, Penn Entertainment remains poised to build upon its successes and further enhance its ESG initiatives, guided by a vision of sustainability, inclusivity, and integrity.