Melco Resorts published its 2024 sustainability report, highlighting environmental efforts, community engagement, and responsible gaming initiatives.
Quiver AI Summary
Melco Resorts & Entertainment has released its 2024 sustainability report, emphasizing its commitment to environmental restoration, community inspiration, supply chain sustainability, and responsible business practices. CEO Lawrence Ho highlighted the company's belief that luxury and responsibility can coexist, driving efforts to improve governance and environmental impact. Key achievements include recognition for responsible gambling initiatives, significant energy savings, and volunteer participation in community programs, alongside a commitment to sustainable practices such as using cage-free eggs and reducing plastic waste. Melco aims to engage stakeholders in its pursuit of a climate-resilient and equitable future, reinforcing its role as a leader in the integrated resort industry.
Potential Positives
- Melco Resorts & Entertainment announced its commitment to sustainability through the publication of its 2024 sustainability report, demonstrating proactive corporate responsibility and environmental stewardship.
- The company achieved significant recognition with ten facilities named 'Responsible Gambling Model Units', highlighting its commitment to responsible gaming practices.
- Melco scored in the 93rd percentile in the S&P Global Sustainability Yearbook 2025, affirming its leadership in sustainability within the industry.
- Over $17.42 million was donated to local communities, showcasing Melco's dedication to community engagement and support initiatives.
Potential Negatives
- Despite highlighting sustainability achievements, the report may raise concerns about the effectiveness and transparency of Melco's initiatives, leaving stakeholders questioning the actual impact of these measures.
- The press release does not provide specific financial metrics or data, which could lead to skepticism regarding the company's overall performance and transparency.
- The lack of information regarding challenges or setbacks faced in implementing sustainability efforts may suggest a lack of accountability in addressing potential shortcomings.
FAQ
What is the purpose of Melco's 2024 sustainability report?
The report outlines Melco’s commitment to environmental restoration, community inspiration, and sustainable business practices.
How does Melco engage with its employees in sustainability initiatives?
Melco invests in training, providing an average of 38 hours per employee annually, with a focus on sustainable practices.
What awards has Melco achieved for its sustainability efforts?
Melco received recognition for responsible gambling and was included in the S&P Global Sustainability Yearbook 2025.
What measures has Melco taken to reduce waste?
Melco has implemented a water filtration system and expanded recycling initiatives to minimize single-use plastics.
How does Melco contribute to local communities?
Melco has donated over $17.42 million to local causes and engaged nearly 3,600 volunteers in community initiatives.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MLCO Hedge Fund Activity
We have seen 84 institutional investors add shares of $MLCO stock to their portfolio, and 70 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL WORLD INVESTORS removed 13,445,241 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $77,847,945
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 5,006,703 shares (+inf%) to their portfolio in Q4 2024, for an estimated $28,988,810
- CITADEL ADVISORS LLC added 4,620,530 shares (+74.9%) to their portfolio in Q4 2024, for an estimated $26,752,868
- CAPITAL RESEARCH GLOBAL INVESTORS removed 4,142,719 shares (-18.8%) from their portfolio in Q4 2024, for an estimated $23,986,343
- BRIGHTLIGHT CAPITAL MANAGEMENT LP removed 2,975,200 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $17,226,408
- MORGAN STANLEY added 2,030,434 shares (+38.2%) to their portfolio in Q4 2024, for an estimated $11,756,212
- UBS GROUP AG added 2,020,966 shares (+242.8%) to their portfolio in Q4 2024, for an estimated $11,701,393
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MACAU, April 29, 2025 (GLOBE NEWSWIRE) -- Melco Resorts & Entertainment has announced the publication of its sustainability report for the year 2024 ( link ). The strategy continues to guide the Company to go “Above & Beyond” -- to strive to achieve its commitments to restoring the environment, inspiring its people and communities, sustaining its supply chain and empowering its business to impact positive change. As Melco’s strategy, pillar goals and targets evolve in response to shifting environments through wide-reaching efforts as highlighted in the report, the Company aims to actively engage stakeholders on its journey towards a climate-fit and equitable future.
Mr. Lawrence Ho, Chairman and CEO of Melco Resorts & Entertainment , said, “Much more than a service, hospitality is about the experience it creates, the people it supports and the impact it leaves behind. Each year, Melco challenges itself to push this further, believing that luxury and responsibility are not opposing forces but partners in progress, which is reflected in how we uphold strong governance, manage our environmental impact, support our people and communities and lead in responsible gaming. This commitment to progress shaped our approach in 2024, as a year of recalibration in which we continued to strengthen operations, reignite momentum and ensure our integrated resorts remain at the forefront of excellence.”
Key performance highlights from Melco’s latest “RISE to go Above & Beyond” sustainability strategy.
Awards/Recognition
- DICJ RG Implementation Index – Ten Melco facilities have received recognition as ‘Responsible Gambling Model Units’ with nine earning perfect scores of 100% against the criteria.
- “RG Check” accreditation – International, third-party Responsible Gambling Council accreditation across Melco properties in Cyprus and Manila
- Member of the “S&P Global Sustainability Yearbook 2025” and recognized as an Industry Mover, scoring in 93 rd percentile in industry group
- Carbon Disclosure Project (CDP) scores: B for Climate and B for Water
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Green Key and Green Hotel Awards for Studio City, Nuwa, Morpheus and The Countdown
Engaging our People
- Invested an average of US$582 per full-time-equivalent (FTE) employee on learning and development activities, equating to an average of 38 training hours per FTE, with 100% of colleagues attending training
- 3.5% of Macau colleagues participated in over 4,100 Foundation Acceleration Program (FAP) experiences, of which 12% were related to non-gaming activities; 86% of Culinary FAP participants were retained within the Company with a 17% promotion rate upon completion
Community Engagement & Investment
- Close to 3,600 participants volunteered their time and efforts across 359 volunteering initiatives
- Over US$17.42 million donated to worthy causes in Melco’s local communities
Energy & Climate Resilience
- Energy-efficiency measures (EEMs) since 2018 have resulted in annualized savings of over 62.5 million kWh, an increase of 9% over 2023
- More than 25,000 PV panels at all properties in Macau, Manila and Cyprus onsite, generating close to 10,000 MWh annually
Material Use & Waste
- Avoided 13.2 million SUP bottles with the NORDAQ water filtration system serving nearly all hotel rooms at Melco’s integrated resorts
- Expanded recycling of playing cards across properties in Macau, Manila and Cyprus
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City of Dreams Manila has established a circular economy where food waste is composted on site and excess compost is donated to a local farm to grow some of the vegetables served to guests
Sustaining our Supply Chain
- 100% cage-free eggs sourced for Melco F&B operations in Manila and Macau with 74% at City of Dreams Mediterranean
- Accelerated adoption of recycled fabric uniforms, working to establish guidelines and adopt recognized certifications
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Strengthened data tracking and credibility in certified sourcing and chain-of-custody verification for key categories such as seafood and chemicals, while equipping local suppliers to meet Company expectations
Empowering our Business
- Continued ethics training and capacity building programs for colleagues and suppliers
- Implemented onsite, real-world cyberattack simulation drills for relevant colleagues and teams across the Group to test awareness, readiness to respond and system effectiveness.
Melco remains steadfast in its commitment to sustainability and invites stakeholders, partners, and communities to join in its journey towards a climate-fit and equitable future.
About Melco Resorts & Entertainment Limited
Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau ( www.altiramacau.com ), an integrated resort located at Taipa, Macau and City of Dreams ( www.cityofdreamsmacau.com ), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs ( www.mochaclubs.com ), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City ( www.studiocity-macau.com ), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila ( www.cityofdreamsmanila.com ), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus ( www.cityofdreamsmed.com.cy ). The Company also continues to operate three satellite casinos in other cities in Cyprus (the "Cyprus Casinos”). For more information about the Company, please visit www.melco-resorts.com .
Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.
For media enquiries, please contact:
Chimmy Leung
Executive Director, Corporate Communications
Tel: +852 3151 3765
Email:
[email protected]