Wynn Resorts Announces Sustainability Goals with Publication of Environmental, Social and Governance Report
LAS VEGAS, September 21, 2021 / PRNewswire / – Wynn Resorts today released its Environmental, Social and Governance (ESG) report, which includes the company’s collective commitments and set goals to reduce emissions and address the growing risk of climate change. The report also describes how Wynn Resorts’ ongoing recovery from the COVID-19 pandemic has played out alongside the achievement of a range of progressive goals for ESG and diversity, equity and social security. inclusion (DCI), with significant progress made in community outreach and crisis relief efforts, responsible business practices. , and the protection of human rights.
In the front of the report, the CEO of Wynn Resorts Matt Maddox remarked: âA truly formidable company, founded on the belief that excellence is not only an aspiration but a necessity, and operating in today’s socially and environmentally charged world, is called to a higher level: to take responsibility for it. responsibility, not just for our decisions, but for all future impacts of those decisions. The impacts that we may not experience ourselves, but will have caused nonetheless. Decision making taking into account the impacts in 20 or 30 years is not only essential, an existential imperative. This is what the future demands of us.
Wynn Resorts’ sustainability program, known as Goldleaf, provides science-based solutions to the wide range of environmental and climate challenges unique to each resort operated by Wynn Resorts. Under the direction of the CEO Matt Maddox and Chief Sustainability Officer Erik Hansen, the Company is committed to the following Wynn Resorts Sustainable Development Goals:
- Net-Zero by 2050: To reduce or offset all carbon dioxide (CO2) produced by our operations no later than 2050.
- Peak carbon dioxide emissions by 2030: To stop and reverse the year-over-year growth of operational carbon dioxide (CO2) emissions by 2030.
- 50% renewable energy supply by 2030: Increase Wynn Resorts’ supply of produced or purchased renewable energy to at least 50% of total consumption by 2030.
The above commitments are aligned with the recommendations made by the Intergovernmental Panel on Climate Change (IPCC) to limit global warming to less than 1.5 degrees Celsius, as outlined in the Paris Agreement on Climate Change. the climate of 2015. In 2020, Wynn Resorts completed several major renewable energy, waste diversion and emissions reduction projects, many of which spanned years, including:
- Wynn Resorts installed 23 megawatts of solar power capacity in United States, that offsets 100% of the energy consumed in the 560,000 square feet of convention space at Las Vegas, and up to 75% of the peak power demands of the entire 10 million square feet Las Vegas appeal.
- Wynn Las Vegas reduced its annual energy consumption by 20% in 2020 compared to 2015 through capital investments in critical energy reduction technologies and operational efficiencies, including the 160 acres Wynn solar field and a concerted effort on preventive maintenance of systems.
- Encore Boston Harbor received 100% of its energy from renewable and green energy sources and is the first integrated complex in the United States with an on-site micro-grid balancing solar power generation, cogeneration of heat and power, and battery storage.
- Wynn Las Vegas has reduced carbon dioxide (CO2) over 80,000 metric tonnes from 2019 to 2020, obtained by offsetting energy from traditional fossil fuel-based production with renewable and green energy products. This offsetting emissions is equivalent to powering 9,705 homes for a year or driving a passenger vehicle 202 million kilometers.
- Still Boston Harbor diverted 100% of landfill waste in 2020 during its first full year of operation, using its comprehensive waste management infrastructure for recycling, composting and converting waste to energy to ensure that no waste ends up in a landfill.
In addition, the report presents long-standing corporate values ââand fundamental behaviors that govern fair, transparent and ethical behavior. Under the pillars of Our People, Our Communities and Our Planet, highlights in key areas of COVID-19 pandemic relief, social impact, corporate governance, DCI and human rights. man include:
- CEO of Wynn Resorts Matt Maddox led the creation of the hospitality industry‘s premier scientific health and safety plan, which Maddox presented at the White House Business Council on the reopening. The plan has become the predominant roadmap for a successful reopening effort, with policies adopted by several other international brands and industries.
- Wynn Las Vegas collaborated with University Medical Center (UMC) to open the UMC COVID-19 Vaccination Center, the first vaccination site to be located on-site in a resort town, which administered more than 50,000 vaccinations to eligible Nevada residents.
- Wynn Las Vegas built and opened the Lighthouse Lab COVID-19 test center, a 3,000 square foot facility within the complex, staffed by healthcare professionals from Lighthouse Lab Services who administer up to 7,000 PCR tests per day, helping usher in the return of conventions and group events.
- Globally, Wynn Resorts has donated US $ 23 million in funds and in-kind donations to charities in 2020, which includes $ 4.75 million in direct COVID-19 relief efforts, almost $ 1 million in food and meals, and over 2.5 million personal protective equipment to recipients such as the Nevada National Guard and the Macau government. Besides, Wynn Resorts’ global workforce volunteered more than 34,000 hours in 2020.
- Wynn Resorts’ human rights policy was expanded in 2020 to include specific expectations and core principles for diversity, inclusion and non-discrimination. In addition, the Wynn Resorts Diversity Council drafted the first policy for Wynn Resorts DEI to codify goals that foster a culture of inclusion, welcome a diverse workforce, and develop partnerships with suppliers that create a fair and egalitarian economy.
- In-depth training and security procedures were strengthened in 2020 to combat trafficking in human beings and commercial sexual exploitationincluding the development of a company-wide training program for human trafficking awareness that will be mandatory for all employees.
The Wynn Resorts ESG report presents information that refers to certain standards of the Global Reporting Initiative (GRI) and standards of the Sustainability Accounting Board (SASB).
The full report is available at www.WynnResponsibility.com.
About Wynn Resorts
Wynn Resorts, Limited (Nasdaq: WYNN) is listed on the Nasdaq Global Select Market under the symbol WYNN and is included in the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas (wynnlasvegas.com), Encore Boston Harbor (encorebostonharbor .com), Wynn Macau (wynnmacau.com) and Wynn Palace, Cotai (wynnpalace.com).
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 194,000 square feet of casino space, 22 dining experiences featuring chefs and 11 bars, two award-winning spas, approximately 560,000 rentable square feet of meeting and convention space, approximately 160,000 square feet of retail space as well as two showrooms, two nightclubs, a beach club and leisure and recreation facilities. Wynn Las Vegas recently unveiled the new Wynn Golf Club and an 18-hole, 129-acre championship golf course. February 2020 launched a 430,000 square foot meeting and convention space expansion powered 100% by renewable energy.
Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty shops, 16 restaurants and lounges, and approximately 71,000 square feet of ballroom and state-of-the-art meeting room. the spaces. Located on the waterfront along the Mystic River in Everett, Massachusetts, the resort created a six-acre public park and a promenade along the shore. It is the largest single-phase private development in Commonwealth of Massachusetts.
Wynn Macau is a luxury resort and casino located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,010 spacious guest rooms and suites, approximately 252,000 square feet of casino space, 12 food and beverage outlets, approximately 31,000 square feet of meeting space and convention, approximately 59,000 square feet of retail space, and leisure and recreation facilities including two plush spas, lounge and rotunda.
Wynn Palace is a luxury resort integrated into Macau. Designed as a floral-themed destination, it has 1,706 exquisite guest rooms, suites and villas, approximately 424,000 square feet of casino space, 14 dining outlets, approximately 37,000 square feet of meeting and convention space, approximately 106,000 square feet of designer boutiques, SkyCabs that cross an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon, and recreational and leisure facilities.
Eric kreller, Wynn Las Vegas
SOURCE Wynn Resorts