Sands China Named Pace-setter in CUHK's Business Sustainability Indices (BSI)

Three Top 10 rankings and one Top 20

(Macao, Oct. 31, 2022) – Sands China has been recognised by CUHK's Business Sustainability Indices (BSI), earning rankings in four of its indices this year.

Among them is a Top 10 ranking in the 2nd Greater China Hotel Business Sustainability Index (Hotel BSI), with Sands China gaining the additional distinction of being named a Pace-setter in the category. Sands China is one of only two companies out of 38 in the Hotel BSI that performed at the Pace-setter level, which was the highest level awarded in the category this year.

Launched in 2015 by the Chinese University of Hong Kong (CUHK) Business School, the Business Sustainability Indices (BSI) promote business practices that contribute to positive social and environmental impact. This year's rankings were announced in September, after the BSI examined the sustainability performance of 285 companies across 12 industries, based on their Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) performance in 2020.

Sean McCreery, senior vice president of resort operations of Sands China Ltd., said: "Sands China is pleased by this recognition from the Business Sustainability Indices. Environmental sustainability and corporate social responsibility are guiding principles for Sands China, and we strive to put them into practice in all areas of our business. From our executive management team to the frontline and back-of-house team members at our properties, Sands China is proud of our team members for supporting and successfully implementing those principles day-to-day and on the ground."

Sands China's Pace-setter rating in the Hotel BSI means it has built a mature socially responsible management system and adopts a comprehensive business sustainability approach. The rating is awarded only to companies whose social responsibility performance has been substantially above average.

In determining its rankings, the BSI methodology looks at three areas: value, process and impact. This includes looking at a corporation's vision, management skills, and influence on society, the environment and its stakeholders.

Besides the Hotel BSI, Sands China ranked in three other indices. Sands China was the only integrated resort or hotel operator ranking in the Top 20 in the 2nd Greater China Business Sustainability Index (GCBSI).

It was also the only integrated resort or hotel operator ranked in the Top 10 of the 3rd Greater Bay Area Business Sustainability Index (GBABSI), where it ranked 9th.

It likewise ranked 9th in the 7th Hong Kong Business Sustainability Index (HKBSI) and was again the only integrated resort or hotel operator in the Top 10.

Additionally, Sands China recently signed a memorandum of understanding with the Macau Fair & Trade Association (MFTA) to mark their joint commitment to promoting and strengthening the sustainable development of the MICE industry in Macao. This key strategic initiative for Sands China represents its commitment to delivering carbon neutral exhibition venues and its support of the Macao government's target of net zero emissions.

Sands China executes the People, Planet and Communities corporate social responsibility platform of parent company Las Vegas Sands through a variety of initiatives that include programmes such as the Sands ECO360 global sustainability programme; the Sands Cares corporate giving and community engagement programme; and the Sands China Academy, a team member professional development programme. Sands China's strong track record in sustainable business performance through the economic value and social impact it has delivered is part of its commitment to serve the Macao community and contribute to making it a better place to live and work.

 

The Top 10 ranking in the 2nd Greater China Hotel Business Sustainability Index (Hotel BSI) included the additional distinction of being named a Pace-setter in the index. Sands China also achieved Top 20 in the 2nd Greater China Business Sustainability Index (GCBSI), 9th in the 3rd Greater Bay Area Business Sustainability Index (GBABSI), and 9th in the 7th Hong Kong Business Sustainability Index (HKBSI).