Sands China on Friday announced the establishment of an Environmental, Social, and Governance Committee.
Ms. Chiang Yun, an Independent Non-Executive Director of the Company, is appointed as the Chairman of the ESG Committee and Dr. Wong Ying Wai, an Executive Director of the Company, and Mr. Kenneth Patrick Chung, an Independent Non-Executive Director of the Company, are appointed as members of the ESG Committee, all with effect from April 16, 2021.
An ESG Committee of a company is typically there to consider the material environmental, social, and governance issues relevant to the group’s business activities and is there to work with other board committees to assist the board in fulfilling its responsibilities.
For this edition of our magazine, we focus on Southeast Asia, with a particular look at the Philippines. The country’s casino industry has been among the hardest hit in Asia, with the integrated resorts in Manila’s Entertainment City having remained mostly closed to the general public since the beginning of the crisis last year.
The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.