MGM Ranked Top 10 Performer in Greater China Hotel Business Sustainability Index
Top 20 in Greater Bay Area Business Sustainability Index
Jul 8, 2021
MGM attained two honors from The Chinese University of Hong Kong (CUHK) Business School’s “2020 Business Sustainability Indices” program, recognizing its pursuit in sustainable development.
MGM has added two honors from The Chinese University of Hong Kong (CUHK) Business School’s “2020 Business Sustainability Indices” program, recognizing its pursuit in sustainable development. The Company was named a top 10 performer in the Greater China Hotel Business Sustainability Index (Hotel BSI) and among the top 20 in the Greater Bay Area Business Sustainability Index (GBABSI), a testament to MGM’s commitment to responsible and sustainable operations which made it a paradigm in the Greater Bay Area and Greater China.
Kenneth Feng, President, Chief Strategic & Financial Officer of MGM, said, “MGM’s ethos of ‘Create a Better Tomorrow Today’ forms the bedrock of our vision for sustainability. Supported by a comprehensive management system, MGM strives to fulfil its social responsibility through catering to the diverse needs of our employees, suppliers, business partners and the community. The Company will continue to adopt green management and promote green living to show our commitment. We thank our team members for their endeavors in accomplishing the remarkable achievements in the “Business Sustainability Indices” program, which will further boost our effort to contribute to the sustainable development in both the Greater Bay Area and Greater China.
CUHK Business School’s Centre for Business Sustainability (CBS) recently announced its Business Sustainability Indices, a range of programs to motivate enterprises in Hong Kong and the Greater China to fulfil their social responsibility. Being the first business sustainability index for listed hotel companies in Greater China, Hotel BSI showed the composite score of the sustainability performance of 30 listed hotel companies in Greater China and six international hotel chains in the 2019-2020 financial year. The enterprises were assessed by CBS on four aspects, namely Corporate Social Responsibility (CSR) Value; Process – CSR Management; Process – CSR Practice; and CSR Impact on Stakeholders (community, consumer, employee, environment, government, investor and supplier). MGM ranked top 10 and attained the rating of “Performer”, a recognition for actively applying business sustainability approaches and mapping out programs to pursue sustainability in philanthropy, community care and environmental protection.
As for GBABSI, an assessment was conducted with the same methodology to reflect the sustainability performance of 66 constituent companies of the Hang Seng Stock Connect Hong Kong Greater Bay Area Index. MGM was named one of the top 20 performers with the rating of “Achiever” – a tier to appreciate a company’s effort to integrate sustainable development into its operation and build a thorough social responsibility management system to persistently coordinate and evaluate its performance.
MGM is an abbreviation for MGM China Holdings Limited (HKEx: 2282) and is a leading developer, owner and operator of gaming and lodging resorts in the Greater China region. We are the holding company of MGM Grand Paradise, SA which holds one of the six gaming concessions/subconcessions to run casino games in Macau. MGM Grand Paradise, SA owns and operates MGM MACAU, the award-winning premium integrated resort located on the Macau Peninsula and MGM COTAI, a contemporary luxury integrated resort in Cotai, which opened in early 2018 and more than doubles our presence in Macau.
MGM MACAU is a Forbes Five-Star luxury integrated resort inspired by the arts with every element of the resort infused with creativity and style. MGM MACAU has approximately 600 guest rooms and suites and boasts a number of distinguishing features, including the architecturally stunning European-inspired Grande Praça, housed under a soaring glass ceiling. MGM MACAU’s world class facilities include the MGM Art Space, dedicating over 5,000 square feet to display authentic works of art, conference and event facilities, spa, and seven signature restaurants and bars to fulfill any gastronomic craving. Our property is conveniently located on the Macau Peninsula and is directly connected to the luxury retail shopping complex, One Central.
MGM COTAI is the latest integrated resort of MGM in China. Designed as the “jewelry box” of Cotai, it offers approximately 1,400 hotel rooms and suites, Asia’s first dynamic theater, meeting space, high end spa, retail offerings and food and beverage outlets as well as the first international Mansion at MGM for the ultimate luxury experience. The Spectacle at MGM COTAI becomes the record holder of the largest free-span gridshell glazed roof (self-supporting) on January 19, 2019, making it the first architectural and structural GUINNESS WORLD RECORDS™ title for Macau, China. MGM COTAI is being developed to drive greater product diversification and bring more advanced and innovative forms of entertainment to Macau as it grows as a global tourist destination. MGM COTAI is the largest property and the first mega-size complex project in Macau to achieve the China Green Building Design Label Three-Star Certification.
MGM China Holdings Limited is majority owned by MGM Resorts International (NYSE: MGM), one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage.
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