Caesars Entertainment Commits to Reduce Carbon Emissions by 95 Percent
Caesars Entertainment Corporation just reinforced its commitment to fight climate change by setting science-based targets to drastically reduce greenhouse gas emissions from the company and throughout its supply chain.
Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered "science-based" if they are in line with the level of de-carbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.
The Science Based Targets initiative (SBTi) is a collaboration among CDP (formerly known as the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). As of June 14, there are 417 companies participating.
The initiative’s aim is to make science-based target-setting a standard business practice by 2020 and to help corporations take a leading role in reducing global greenhouse gas emissions.
Caesars is one of only 113 companies to have SBTi-approved targets and is the first gaming company to include a Scope 3 goal in its verified science-based targets.
Scope 3 emissions are value chain emissions outside direct operations, including emissions from suppliers, employees and product users.
Caesars has committed to:
- Reduce absolute Scope 1 and 2 emissions (from a 2011 base-year)
- 30 percent by 2025
- 95 percent by 2050
- Have 60 percent of suppliers institute science-based GHG reduction targets for their operations by 2023.
“Caesars Entertainment has a well-established track record of successful environmental sustainability progress and establishing science-based targets further demonstrates our commitment to reducing our impact on the planet,” said Mark Frissora, president and CEO of Caesars Entertainment.
He added, "We are proud to be part of this global effort."
Environmental stewardship is one of four pillars that comprise Caesars Corporate Code of Commitment. In 2008, the company established environmental program called “CodeGreen,” an organization-wide strategy to reduce energy use, GHG emissions, waste and water use.
Caesars has already seen measurable results, including:
- Reduced its total GHG emissions by 22.9 percent since 2011
- Reduced water use by 21 percent per square foot since 2008
- Diverted 41 percent of waste from landfill in 2017
This month, Caesars will issue a Request for Proposal (RFP) for a major utility-scale purchase of solar energy in the Las Vegas desert, energy that will be used to deliver power to Caesars’ wide range of properties in Nevada.