GOVERNANCE
We are deeply rooted in transparency to our stakeholders and accountability for our actions. The high bar we place on responsible and ethical business performance upholds the foundational structure for the support we give to our People, the impact we make in our Community and our commitment to protecting the Planet.
We focus on:
CORPORATE CULTURE
ESG OVERSIGHT
Responsible Business
Supply Chain Management
ESG OVERSIGHT
BOARD STATEMENT REGARDING ESG ISSUES
ENVIRONMENT
Our governance practices in the area of environmental sustainability are guided by the Sands ECO360 global sustainability program, which integrates operational standards and procedures across all properties and businesses. Our ESG Committee is responsible for sustainability and climate related topics, projects and initiatives, and leads the ESG Executive Sponsors, the ESG Steering Committee and the Sustainability team by providing guidance and oversight.
SOCIAL
Governance of our People pillar initiatives in the area of workforce development falls under our Human Resources organization. Our world-class community engagement program Sands Cares, which guides our initiatives to address the health of our community, and our DEI program, are jointly managed by the Senior Vice President of Human Resources and Vice President of Corporate Communications and Community Affairs.
GOVERNANCE
The broad range of checks and balances and practical governance policies and procedures are managed by our Legal and Compliance departments, under the leadership of our Executive Vice President, General Counsel and Company Secretary and Vice President and Chief Compliance Officer. The Company’s ERM program is the responsibility of our ERM Committee, under the review of the Audit Committee on behalf of the Board. Supply chain-related ESG topics and risks are overseen by the Executive Vice President and Chief Financial Officer.
RISK MANAGEMENT
Establish the culture, capabilities, and practices to manage Company-wide risks
Sands China adopts the Committee of
Sponsoring Organizations of the Treadway
Commission (COSO) ERM framework and utilizes
a methodology comprising risk identification, risk
assessment, risk response, and risk monitoring
and reporting. The Board of Directors and
Audit Committee oversee establishment of
the Company’s risk strategies and objectives,
including the Company’s ERM process and
activities, and are accountable for their
effectiveness.
The Audit Committee of the Board of Directors, which consists wholly of independent non-executive Directors, monitors the ERM process to ensure performance according to established strategies and objectives and addresses major risk exposures with management. The Audit Committee also annually assesses the steps management has taken to monitor, control and manage these exposures and evaluates the Company’s risk assessment and risk management guidelines and policies.
Each Board committee monitors and addresses risks within the scope of its terms of reference and expertise. Audit Committee members meet regularly with executive leaders responsible for risk management in the areas identified as high risk to engage in ongoing dialogue, review risk audit findings, establish control systems, evaluate progress and assess emerging trends and developments to inform Company action. The ERM program management team develops, oversees and executes the Company’s ERM methodology.
RESPONSIBLE BUSINESS
A robust set of controls and processes reinforces our responsible business approach and is complemented by practices around privacy protection, cybersecurity management and political advocacy on issues affecting the health of our business.
All our workforce is subject to training upon employment onboarding and then annually via a company-wide mandatory compliance training which, among other areas, covers anti-corruption, ethical standards, conflicts of interest, human trafficking prevention, etc. Such training is given to the entire workforce, including full-time, part-time and flex-time team members. As for third parties with whom Sands China does business (including suppliers, vendors, contractors, consultants, etc.), they are required to acknowledge and be trained under our Supplier Code of Conduct as part of our third-party due diligence process.
Annual audits are carried out to evaluate the Company's Anti-Corruption Policy, ethics program and anti-money laundering program, including compliance with related policies and procedures and applicable laws and regulations. The audits cover key components such as ethical training program, ethics hotline, anti-corruption and anti-bribery standards across all business lines and operations.
GUIDING PRINCIPLES
WE RESPECT INDIVIDUALS
WE PROTECT OUR COMPANY AND OUR Investors
WE DO BUSINESS ETHICALLY AND LEGALLY
WE ENHANCE OUR COMMUNITIES
SUPPLY CHAIN MANAGEMENT
Sands China’s corporate responsibility commitment would be incomplete without
responsible supply chain management as an extension of our dedicated efforts to address
issues impacting the environment and local community. Our supply chain process ensures
our standards are met and potential risks are mitigated.
Our compliance assessments and capability
evaluations are important pieces of our
supplier evaluation process. Ensuring our
suppliers have solid foundational practices and
are fit to do business sets up our relationships
for long-term success.
