CDP Recognizes Las Vegas Sands for Climate Change Transparency
LAS VEGAS, NV -- (Marketwired) -- 09/12/13 -- Las Vegas Sands Corp.
(NYSE: LVS), the world's premier developer and operator of integrated
resort destinations, has achieved a leadership position regarding the
quality of climate change data it has submitted to the global
marketplace through CDP, the world's only global environmental
disclosure system. The achievement was announced today in the CDP
Global 500 Climate Change Report 2013, which tracks how the world's
largest listed companies are acting in response to a changing
For the first time, Las Vegas Sands has achieved a position in CDP's
Global 500 Climate Disclosure Leadership Index (CDLI) with a score of
98 out of 100 and a performance band of A-. This annual index
highlights those companies listed on the FTSE Global Equity Index
Series (Global 500) that have displayed a strong approach in
disclosing information regarding climate change. The disclosure score
reflects the comprehensiveness of a company's response in terms of
the depth and breadth of its answers. The performance band,
represented by a letter from A to E (with A being the highest level),
is a measure of the positive actions that the company has
demonstrated through its CDP response. These include actions to
promote climate change mitigation, adaptation and transparency.
"Being included in CDP CDLI further demonstrates the commitment Las
Vegas Sands has made to being a global leader in sustainable building
and business practices, and we are very proud that our dedication to
respect the environment in a comprehensive and impactful way has been
acknowledged by CDP," said Michael Leven, president and chief
operating officer of Las Vegas Sands Corp. "We are committed to
environmental responsibility by promoting sustainable development and
reducing the impact of our operations on the environment. Our
position on CDP's CDLI is further illustration of our dedication."
The CDLI comprises the organizations that achieved a score within the
top 10% of the sample assessed. In 2013 the Global 500 CDLI comprises
60 companies. The minimum score has risen year-on-year as corporate
understanding of the need for climate transparency has increased, and
now stands at 97. These scores are communicated to investors and
other decision makers to assess corporate preparedness for changing
market demands and emissions regulation.
Paul Simpson, chief executive officer of CDP, comments: "Companies
that score highly enough to be included in the Climate Disclosure
Leadership Index are responding to the call for greater corporate
climate accountability. They have demonstrated leading practice for
the measurement of greenhouse gas emissions and energy use and
transparency of their climate change strategy."
Las Vegas Sands Corp. has formalized its efforts into an overall
sustainability program called the Sands ECO360 degrees Global
Sustainability, introduced in March 2010. The program integrates the
company's best practices, technologies and methodologies in the area
of sustainability across all properties and serves as a roadmap for
continuous improvement of its environmental stewardship.
The Global 500 report including names of companies featured in the
CDLI can be found at www.cdp.net.
About Las Vegas Sands Corp.
Las Vegas Sands (NYSE: LVS) is a Fortune 500 company and the leading
global developer of destination properties (Integrated Resorts) that
feature premium accommodations, world-class gaming and entertainment,
convention and exhibition facilities, celebrity chef restaurants, and
many other amenities.
THE VENETIAN(R) and THE PALAZZO(R), Five-Diamond luxury resorts on
the Las Vegas Strip, and SANDS(R) Bethlehem in Eastern Pennsylvania
are the company's properties in the United States.
MARINA BAY SANDS(R) is the company's iconic Integrated Resort in
Singapore's downtown Marina Bay district.
Through its majority-owned subsidiary Sands China Ltd., the company
owns a portfolio of properties on Macao's COTAI STRIP(R), including
THE VENETIAN(R) Macao, Four Seasons Hotel Macao, and Sands Cotai
Central, a 13.7 million square foot 6,400-room Integrated Resort. The
company also owns the SANDS(R) Macao on the Macao Peninsula.
Las Vegas Sands is committed to global sustainability through its
Sands ECO360 degrees program and is an active community partner
through its various charitable organizations.
CDP, formerly known as the Carbon Disclosure Project is an
international, not-for-profit organization providing the only global
system for companies and cities to measure, disclose, manage and
share vital environmental information. CDP works with market forces,
including 722 institutional investors with assets of US$87 trillion,
to motivate companies to disclose their impacts on the environment
and natural resources and take action to reduce them. CDP now holds
the largest collection globally of primary climate change, water and
forest risk commodities information and puts these insights at the
heart of strategic business, investment and policy decisions. Please
visit www.cdp.net or follow us @CDP to find out more.
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