MGM Resorts International has been recognized for leadership in corporate transparency and performance on climate change by global environmental non-profit CDP, securing a place on the organization’s annual A List.
MGM Resorts is one of 347 companies that received the prestigious ‘A,’ out of more than 23,000 scored, placing it in the top 0.015% of reporting companies. Grades are awarded on the comprehensiveness of disclosure, awareness and management of environmental risk and best practices associated with environmental leadership.
“Our inclusion on the CDP A-List is a testament to the strategic importance we place on sustainability,” said Jyoti Chopra, Chief People, Inclusion and Sustainability Officer at MGM Resorts. “Environmental stewardship is more important than ever, and we remain committed to being leaders in creating long-lasting positive impacts on our planet and in our local communities.”
“Earning a place on the A-List is about more than the score. It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions,” Sherry Madera, CEO of CDP, said.
“As we move deeper into the Decade of Action, and as CDP continually raises the bar for what represents environmental leadership, the work of A-List companies is never complete. We look forward to seeing all companies turn their commitments into further and more meaningful and effective action.”
Some of the reasons MGM Resorts achieved its ‘A’ grade for climate change:
- A board-level committee focused on Corporate Social Responsibility & Sustainability chaired by a global expert in clean energy advocacy.
- Targets approved by the Science Based Targets Initiative (SBTi) to reduce emissions in line with the Paris Agreement’s 1.5-degree pathway.
- Nearly 110 megawatts of installed solar capacity, including the MGM Resorts Mega Solar Array, which fulfills up to 90% of MGM Resorts’ daytime power needs in Las Vegas.
- Reductions in carbon emissions intensity by 49.5% between 2007 and 2022, resulting from energy efficiency measures and renewable energy development.
- Detailed climate data disclosures that have received third-party verification for Scope 1, 2 and 3 emissions and energy usage.
MGM Resorts also earned an ‘A-‘ in water security for:
- A strategic framework for water stewardship to address water use in operations and champion stewardship across the community.
- A Global Water Policy to codify and communicate commitment to water stewardship.
- Achievement of reductions in water withdrawals totaling 13.9 billion gallons, reduced and/or avoided between 2007 and 2022 across U.S. operations.
- Focus on local water issues, such as reducing consumptive water use in Southern Nevada, including replacing more than 200,000 square feet of grass with desert-friendly landscaping.
- Enhancement of water data disclosures and external assurance on water withdrawals.
- Linkage of executive compensation to Social Impact & Sustainability goals, including reductions in water withdrawals.