Caesars Entertainment Corporation has this week announced that it has set various targets to drastically reduce greenhouse gas emissions from the company and throughout its supply chain. This ambitious goal demonstrates Ceases ongoing commitment to fighting climate change and mitigating long-term risk.
Caesars Entertainment Corporation is currently the worlds most diversified casino-entertainment provider and owns and operates over 50 casinos, hotels, and seven golf courses under several brands.
Caesars is one of over 400 global organisations that has committed to business leadership and policy alignment on climate through the sciences based target initiative (SBTI) and one of just over 100 companies to have their targets approved.
The SBTI is a collaboration among CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World-Wide Fund for Nature. Targets adopted by companies joining this scheme to reduce Greenhouse Gas emissions are considered to be “science-based” if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.
As part of this Caesars Entertainment commits to:
• Reduce absolute emissions by 30 percent before 2025 and 95 percent by 2050
• Ensure at least 60 percent of suppliers have Greenhouse Gas emission reduction target to their operations by 2023
Mark Frissora, Caesars president and CEO has said “Caesars entertainment has a well-established track record of successful environmental sustainability progress and establishing climate based targets which demonstrated our commitment to reducing our impact on the planet. We are proud to be part of this global effort.”
Caesars is the first gaming company to include these global emissions goals into its company targets. This level of commitment helps to further accelerate the momentum of reducing environmental impact as it relates to the operations a company doesn’t directly control, including supply chain, vendors etc.
This indirect influence also makes it one of the most ambitious goals for a company involved in the SBTI scheme. With thousands of suppliers throughout the company, Caesars recognized the importance of engaging the full supply chain in order to create a more meaningful impact.
With this goal set in place, we are excited to see how this impacts the world in terms of emission reductions!