Sands China Ltd. has earned five Top 10 rankings in the 2024 CUHK Business Sustainability Indices (BSI), highlighted by a Top 5 ranking in the 5th Greater Bay Area Business Sustainability Index (GBABSI).
Notably, Sands China is the only integrated resort or hotel operator represented in three of its Top 10 rankings.
Sands China performed at the Exemplar level, the highest possible level of achievement in sustainability among the indices six tiers – one level higher than Sands China’s 2023 Pace-setter level. The Exemplar designation indicates that Sands China has thoroughly integrated socially responsible practices into its business model and balances various stakeholder needs effectively, making the company’s progressive corporate social responsibility strategy and implementation an excellent example to others firms.
Sean McCreery, executive vice president of operations for Sands China Ltd., said: “Sands China is honored to once again receive multiple awards from the CUHK Business Sustainability Indices – including being the only resort operator in three of our Top 10 rankings – a testament to our status as an industry leader in environmental, social and governance practices. I would like to express my sincere gratitude to our team members and our suppliers and community partners who have worked alongside us to help us achieve these accolades.”
“We will continue to fulfil our corporate social responsibilities and strive to contribute to improving community well-being through various environmental management measures, community participation and employee training. At the same time, we will continue to refine our operating model to help reduce our environmental impact, boost development, and drive society toward a greener and more sustainable future.”
Launched in 2015, the Business Sustainability Indices are determined each year by the Chinese University of Hong Kong Business School, promoting business practices that contribute to positive social and environmental impact. Its methodology analyses three areas: value, process and impact. This includes looking at a corporation’s vision, management skills, and its influence on society, the environment and its stakeholders.
Besides the Top 5 ranking in the 5th Greater Bay Area Business Sustainability Index (GBABSI), Sands China achieved four other rankings in the indices, all Top 10 and Exemplar, and is additionally the only integrated resort or hotel operator in the Top 10 (in the starred rankings below):
- Ranked 6th: 2nd Global Asia-Pacific Business Sustainability Index (GAPBSI)*
- Ranked 6th: 9th Hong Kong Business Sustainability Index (HKBSI)*
- Ranked 6th: 4th Greater China Business Sustainability Index (GCBSI)*
- Ranked Top 10: 4th Hotel Business Sustainability Index (Hotel BSI)
Sands China has also been awarded an ESG Special Mention in the Hang Seng Index Category of the Hong Kong Institute of Certified Public Accountants (HKICPA) Best Corporate Governance and ESG Awards 2024 and was likewise the only integrated resort or hotel operator in its category.
The HKICPA awards encourage listed companies and significant public sector organisations to give equal importance to achieving high standards of corporate governance (CG) and environmental, social, and governance (ESG) practices and reporting.
Sands China has initiated several programmes focused on waste reduction, water conservation, and renewable energy, and the award recognises the company’s significant emphasis on sustainable tourism, community development, and integrating environmental considerations in its operations.
Sands China’s sustainable business practices are carried out under the company’s People, Planet, and Communities corporate social responsibility platform. Sands China’s variety of initiatives include programmes such as the Sands ECO360 global sustainability programme; the Sands Cares corporate giving and community engagement programme; and the Sands China Academy, a team member and business community professional development programme.
Sands China has a strong track record in sustainable business performance through the economic value and social impact it has delivered – as part of its commitment to serve the Macao community and contribute to making it a better place to live and work.