MGM Resorts CEO: Historic western drought
crisis, effects of climate change are making bold commitments more
critical than ever
LAS
VEGAS, Feb. 21, 2023 /PRNewswire/ -- MGM Resorts
International (NYSE: MGM) ("MGM Resorts" or the "Company") today
announced it endorsed the United Nations' CEO Water Mandate –
a global initiative and coalition of hundreds of major companies
making bold commitments to address water crises and challenges. MGM
Resorts is the first gaming company to endorse the mandate.
"The ongoing drought and effects of climate
change in the Western U.S. are a wake-up call that we need to do
more, and to that end—we're proud to endorse the CEO Water Mandate
to not only share what we've learned in Las Vegas, but also help strengthen our
commitments."
"Given our environmental conditions, Las Vegas has long been innovative it its
approach to water. We are fortunate to do business in a place that
has a world class water management system and hope to help others
learn from successes here," said MGM Resorts CEO and President
Bill Hornbuckle. "The ongoing
drought and effects of climate change in the Western U.S. are a
wake-up call that we need to do more, and to that end—we're proud
to endorse the CEO Water Mandate to not only share what we've
learned in Las Vegas, but also
help strengthen our commitments."
One of the world's most ambitious platforms for corporate water
stewardship, the CEO Water Mandate mobilizes business leaders to
commit to meaningful action across six key elements and report
annually on their progress. Companies also identify and reduce
critical water risks to their businesses, seize water-related
opportunities, and contribute to water security and UN Sustainable
Development Goals. The CEO Water Mandate is endorsed by more than
230 companies spanning a range of industries and regions around the
world.
MGM RESORTS WATER STEWARDSHIP AND
SUSTAINABILITY EFFORTS
From the iconic Bellagio Fountains to landscaping and pools,
water management is a key component of MGM Resorts' overall social
impact and sustainability efforts. In 2022, MGM Resorts finalized
its Global Water Policy, an outline of how water will be resourced
and managed across all global operations. Between 2007 and 2021,
MGM Resorts reduced water use by 37% and avoided use of 5.6 billion
gallons through conservation and water-efficient building and
design initiatives.
Notable water-saving efforts at MGM Resorts include:
- Replacing over 200,000 square feet of real grass with
drought-tolerant landscaping in Las
Vegas
- Installing water-efficient fixtures and equipment in guest
rooms, kitchens and laundry facilities
- Use of an onsite well and pool drainage from the 'O' Theater as
source water for Lake Bellagio
- Enhancing the efficiency of Las
Vegas cooling tower systems to reduce evaporative loss
MGM Resorts has recently been recognized as a leader in
sustainability, securing a place on global environmental non-profit
CDP's annual A-List of leaders in corporate transparency and
performance on climate change and water security. The Company also
received special accreditation to attend the 2023 UN Water
Conference in March 2023.
More information about the Company's commitment to protecting
the planet can be found here.
About the CEO Water
Mandate
The CEO Water Mandate is a special initiative established
in 2007 by the UN Secretary-General and the UN Global Compact
(UNGC) in partnership with the Pacific Institute. With over 230
endorsing companies, the Mandate empowers the global private sector
to share good practices and forge partnerships to address urgent
water challenges related to scarcity, quality, governance and
access to water and sanitation. Companies that endorse the Mandate
agree to continuous improvement in six core areas of their water
stewardship practice: Direct Operations, Supply Chain &
Watershed Management, Collective Action, Public Policy, Community
Engagement, and Transparency.
About MGM Resorts
International
MGM Resorts International (NYSE: MGM) is an S&P 500® global
entertainment company with national and international locations
featuring best-in-class hotels and casinos, state-of-the-art
meetings and conference spaces, incredible live and theatrical
entertainment experiences, and an extensive array of restaurant,
nightlife and retail offerings. MGM Resorts creates immersive,
iconic experiences through its suite of Las Vegas-inspired brands. The MGM Resorts
portfolio encompasses 31 unique hotel and gaming destinations
globally, including some of the most recognizable resort brands in
the industry. The Company's 50/50 venture, BetMGM, LLC, offers U.S.
sports betting and online gaming through market-leading brands,
including BetMGM and partypoker, and the Company's subsidiary
LeoVegas AB offers sports betting and online gaming through
market-leading brands in several jurisdictions throughout
Europe. The Company is currently
pursuing targeted expansion in Asia through the integrated resort opportunity
in Japan. Through its "Focused on
What Matters: Embracing Humanity and Protecting the Planet"
philosophy, MGM Resorts commits to creating a more sustainable
future, while striving to make a bigger difference in the lives of
its employees, guests, and in the communities where it operates.
The global employees of MGM Resorts are proud of their company for
being recognized as one of FORTUNE® Magazine's World's Most Admired
Companies®. For more information, please visit us at
www.mgmresorts.com. Please also connect with us @MGMResortsIntl on
Twitter as well as Facebook and Instagram.
MGM RESORTS CONTACTS:
Andrea
Bruce
Social Impact & Sustainability Communications
Manager
abruce@mgmresorts.com
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SOURCE MGM Resorts International