LAS VEGAS, NV--(Marketwired - Sep 12, 2013) - 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 climate.
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° 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® and THE PALAZZO®, Five-Diamond luxury resorts on the Las Vegas Strip, and SANDS® Bethlehem in Eastern Pennsylvania are the company's properties in the United States.
MARINA BAY SANDS® 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®, including THE VENETIAN® 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® Macao on the Macao Peninsula.
Las Vegas Sands is committed to global sustainability through its Sands ECO360° 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.