Melco Resorts and Entertainment has been awarded the 2019 Best First Time Performer by non-profit environmental organisation CDP after attaining one of the highest ratings amongst disclosing companies in China.
Melco received an A-score earlier this year from the CDP as they were acknowledged for their efforts in environmental protection, as well as its dedication and commitment to alleviating climate risks.
Pratima Divgi, director of CDP Hong Kong, Southeast Asia, Australia and New Zealand, said: “Melco is an outlier among first time responders for achieving a CDP leadership score. This is a tremendous effort by the company and CDP congratulates Melco Resorts & Entertainment for its environmental stewardship.”
“Established in 2002, CDP, formerly known as the Carbon Disclosure Project, operates a global environmental disclosure system to provide a comprehensive and standardised framework for management of environmental impact.
“CDP supports thousands of companies, cities, states and regions to measure and manage their risks and opportunities on climate change, water security and deforestation.”
Melco has committed to be carbon neutral, zero-waste across their resorts and sustainable sourcing for key procurement categories by 2030.
They were the first and only hospitality group and integrated resort signatory of the New Plastics Economy Global Commitment and have achieved several milestones in its long-term commitment towards reducing the use of problematic plastics and promoting circular economy across its global operations.
Lawrence Ho, chairman and CEO of Melco, added: “As a new participant in this program, it’s both exciting and very rewarding to have Melco’s sustainability achievements recognised by a body as well respected as CDP.
“Behind Melco’s Above and Beyond strategy is a deeply-rooted personal desire to continuously improve our performance in this critical area, plus a determination to inspire Melco’s guests with a future that is both entertaining and sustainable.
“Never has it been more relevant and important for companies to set new standards of environmental responsibility, and for organisations like CDP to monitor performance and accountability.”