Penn Entertainment has published its 2023 Corporate Social Responsibility (CSR) report, detailing the range of Environmental, Social, and Governance (ESG) efforts undertaken by the company over the last year.
Key highlights of PENN’s 2023 CSR Report include:
- Donated more than $8 million in support of local charities and generated more than $17 million in economic development grants.
- Contributed more than $750,000 to Veteran and military-support-focused nonprofit organizations between cash and in-kind donations and established a new military scholarship at Penn State Berks.
- Penn team members volunteered more than 9,500 hours to help those in need.
- Implemented a new Diverse Vendor Incubator Program and exceeded goals for diverse vendor procurement, with a total spend of more than $108 million.
- Launched ‘PENN Women,’ a new employee resource group to increase inclusivity and provide allies and mentorship at all levels of Penn’s workforce.
- Increased sustainability efforts, including completing the company’s first Scope 3 greenhouse gas (GHG) emissions inventory review, updated our Scope 1 and 2 assessments, and established a GHG reduction goal as part of our commitment to climate footprinting.
Jay Snowden, CEO and President of PENN Entertainment, commented: “I want to thank our Board’s Nominating and Corporate Governance Committee, as well as our internal ESG and Diversity Committees, for continuing to raise the bar in terms of supporting our team members, investing in our local communities and growing our sustainability practices across our company.”
“I couldn’t be more proud of what we accomplished last year and look forward to continuing to explore ways to make an even greater impact by supporting the causes that are most important to our team members, customers, and key stakeholders.”
In other recent developments for the company, Penn opened its first brick-and-mortar ESPN Bet sportsbook on Wednesday, situated at the Hollywood Casino at Greektown in Detroit. The development comes as the NFL gears up for its draft event in the city.