The casino operator is set to tackle environment’s biggest problems with its new game-changing ‘Above & Beyond’ sustainability strategy
Melco Resorts & Entertainment has introduced multiple goals and targets as part of its strategy to deploy sustainable solutions across its existing properties in Macau and the Philippines, and its future resorts.
In its latest Sustainability Report for 2018, the gaming and hospitality giant said that it has brought together its social and environmental achievements and ambitions in the ‘Above & Beyond’ strategy. The new strategy outlines important goals Melco will look to achieve in the years to come in a bid to cement its commitment to provide environment friendly services across its resorts and to offer its employees the best possible working environment.
Melco is looking to achieve carbon neutrality at its resorts by reducing a range of emission sources. As part of its ‘Above & Beyond’ strategy, the company also plans to eliminate single-use plastics in its daily operations and achieve zero waste across its properties. As outlined in its latest sustainability report, Melco will focus on meeting its goals by 2030.
Through its services and offering, the integrated resort operator will also try to educate and inspire its guests and visitors by demonstrating “a sustainable future is a better future” and by deploying sustainability in the experience offered at its properties.
Creating the Best-in-class Working Environment
Melco’s ‘Above & Beyond’ strategy is also concerned with the welfare of the company’s employees, it said in a press release from earlier today. The casino powerhouse intends to uphold diversity and inclusion and to keep providing “the best-in-house amenities including onsite medical clinics and healthy food options around the clock” for its workers.
Commenting on his company’s new strategy, Chairman and CEO Lawrence Ho said that their Sustainability Report “captures Melco’s vision for change and [their] commitment to embrace sustainability as both an engine for growth and a catalyst for change” within the company itself and across the industry.
Mr. Ho went on that Melco strives to “be a game-changer” and that the ‘Above & Beyond’ strategy is their “commitment to make [their] business sustainable for all those involved, and to deliver a more sustainable future” to the communities hosting its integrated resorts.
News emerged earlier this year that Melco has partnered Macau SME to develop together what would be Macau’s largest array of solar panels. The casino operator plans to install 18,000 solar photovoltaic panels across 30,000 square meters of rooftop space at its City of Dreams and Studio City properties in Macau. Once fully operational, the system will generate 7.7 million kWh of energy or the equivalent of what 1,500 households consume over a year.
As part of its strategy to embrace and promote sustainability, Melco has also joined recently the New Plastics Economy Global Commitment initiative to tackle plastics pollution. The company has said that it is committed to “eliminating unnecessary plastic packaging and reducing single-use plastics.”