Sustainability at MGM
At MGM, we see sustainability in a straightforward way - for us, it’s about doing well by doing good. To ensure the long-term success of our business, it is crucial we look after the people that mean the most to us (i.e. our key stakeholders); and those people include our employees, customers, the communities in which we operate, our shareholders and business partners. It is also equally important to take care of the earth and its precious natural resources which we depend on for life itself.
This ethos forms the basis of our Sustainability Vision, Create a Better Tomorrow Today, which means that the decisions we make today, will affect the society and the environment of tomorrow. This means we need to make business decisions that are not only economically sustainable but also environmentally and socially beneficial.
Employee attraction and retention, responsible gaming, environmental sustainability, and support for our communities through charity, volunteerism and helping local businesses through our procurement practices, are among many important issues that influence the future of our business. By using a sustainability lens in everything that we do, we confront emerging issues head-on. It is therefore fundamental that sustainability is a part of our DNA and central to everything that we do.
Formed in 2012, the MGM Sustainability Committee is responsible for establishing policies, programs and procedures that help move us towards fulfilling our sustainability vision and goals. The Committee includes senior representatives from across our departments, ensuring that a committee member champions each of our important impact areas. We also have a team of dedicated sustainability professionals that are responsible for the daily implementation of our sustainability objectives and targets.
Department-specific teams support our Committee and help to bring an integrated approach to our efforts. Our Technical Green Team champions the resource efficiency of our operations, meeting monthly to discuss resource management opportunities and implementation. Coordinated by our Human Resources Department (“HR”), our Golden Lion Volunteer Team consists of over 470 employees who donate their time, effort and skills to help us to make a positive difference to our community. In 2015, we are proud to have also created our first employee-led Green Team that meets to discuss how we can best engage our employees in our environmental initiatives to maximize our positive impacts.
Ultimately the Board has overall responsibility for our sustainability risks and opportunities, as well as ensuring that appropriate and effective sustainability risk management and internal control systems are in place.
We conduct our operations in compliance with relevant environmental and social laws and regulations that have an impact on our Company.
Click here for our Company Sustainability Policy.
Focusing on What Matters
Materiality assessment and stakeholder engagement keep us focused on issues, concerns and impacts of importance to our key stakeholders.
Stakeholder engagement: Engaging our key stakeholders in long-term dialogue provides important input that informs our decision making to continuously help us strengthen our Company policies and programs.
Throughout the course of any given year we communicate with our stakeholders through various channels.
Stakeholder Engagement Approach
Materiality analysis: In 2015, we updated our sustainability framework to prioritize and communicate how we are addressing the most material areas to our business. From this activity, we have identified six focus areas that form the basis of our sustainability management and reporting:
- Community (focusing on Youth, Senior Citizens, Disabled and Arts and Culture);
- Responsible gaming;
- Anti-human trafficking;
- Sustainable procurement (specifically SME engagement and environmental procurement); and
- Environmental sustainability.
Progress tracking and continuous improvement
Our approach is driven by an ethos of continual improvement. Whilst we have structured our sustainability program according to the results of our stakeholder engagement and materiality analyses, we have also used several sustainability management and reporting frameworks to enhance our approach, including ISO standards (such as ISO 26000, ISO 14001 and ISO 50001) the Hong Kong Stock Exchange’s Environmental, Social and Governance (ESG) Reporting Guide, as well as the Global Reporting Initiative’s (GRI) G4 Guidelines.
Short-term and long-term objectives, targets, and action plans, along with dedicated persons, are assigned to each of our sustainability focus areas. Results of our progress against each impact area are reported to senior leadership bi-monthly in our sustainability committee meeting, with significant issues reported to the Board of Directors on a quarterly basis. Processes and procedures are also regularly reviewed, with any updates communicated throughout the organization as needed.
Data management systems help us to track and report on our Company’s performance. Our internal sustainability data management system helps us to track material environmental and social key performance indicators.
MGM undertakes annual internal and external environmental audits to verify if we are meeting our sustainability objectives and where modifications and improvement plans are required. This year we are also seeking external verification of our sustainability performance.