MGM Resorts Achieves Elite CDP A List Status for Environmental Leadership
MGM Resorts International, a global leader in hospitality and entertainment, has distinguished itself once again by securing a place on the CDP’s prestigious A List for its outstanding environmental transparency and performance.
This recognition places MGM Resorts among the top echelons of corporations worldwide, demonstrating its unwavering commitment to sustainability and climate action.
Environmental Stewardship at the Forefront
CDP, the esteemed global environmental non-profit, assessed over 23,000 companies, with MGM Resorts emerging as one of the mere 347 to achieve an ‘A’ grade. This places MGM Resorts in the top 0.015% of reporting companies, a testament to its comprehensive disclosure, effective management of environmental risks, and embodiment of environmental leadership best practices.
Jyoti Chopra, MGM Resorts’ Chief People, Inclusion and Sustainability Officer, emphasized the significance of this achievement, stating, “Our inclusion on the CDP A List is a testament to the strategic importance we place on sustainability. 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.”
Sherry Madera, CEO of CDP, highlighted the importance of this recognition, noting, “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… We look forward to seeing all companies turn their commitments into further and more meaningful and effective action.”
MGM’s Path to ‘A’ Grade
MGM Resorts’ journey to securing its ‘A’ grade for climate change is underpinned by several key initiatives:
- Corporate Governance: A dedicated board-level committee on Corporate Social Responsibility & Sustainability, led by a global expert in clean energy advocacy.
- Emission Reduction Targets: Commitments approved by the Science Based Targets Initiative (SBTi) align with the Paris Agreement’s 1.5-degree pathway.
- Renewable Energy Investments: Nearly 110 megawatts of installed solar capacity, including the MGM Resorts Mega Solar Array, which supplies up to 90% of the company’s daytime power needs in Las Vegas.
- Carbon Emission Reductions: A 49.5% reduction in carbon emissions intensity from 2007 to 2022, driven by energy efficiency measures and renewable energy development.
Leadership in Water Security
MGM Resorts also excelled in water security, earning an ‘A-‘ grade. Key achievements in this area include:
- Water Stewardship Framework: Comprehensive strategies to manage water use and promote stewardship within the community.
- Global Water Policy: A commitment to water stewardship, articulated through MGM’s Global Water Policy.
- Water Use Reduction: Significant reductions in water withdrawals, totaling 13.9 billion gallons saved or avoided from 2007 to 2022 across U.S. operations.
Our Comment on the Article
MGM Resorts’ recognition on the CDP A List is not just a milestone for the company but a beacon for the entire hospitality and entertainment industry. It underscores the pivotal role corporations can play in addressing climate change and environmental sustainability.
MGM’s strategic initiatives, from renewable energy investments to comprehensive water stewardship, exemplify how environmental responsibility and business success can go hand in hand. This achievement serves as a powerful reminder of the impact corporate action can have on our planet’s future, setting a benchmark for others in the industry to follow.
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