Global admiration as Las Vegas Sands receives climate change honour

Marina Bay Sands, Las Vegas Sands
Image: Shutterstock

Las Vegas Sands has lauded a pair of honours as the firm is named one of the ‘world’s most admired companies’ as well as drawing praise for efforts made on climate change.

The firm has placed on Fortune‘s annual list of the most respected and reputable businesses for the fourth straight year, and the seventh in last eight, which is based on input from peers, analysts and leaders in their industries.  

Developing its register, Fortune collaborated with partner Korn Ferry Hay Group on a corporate reputation survey encompassing candidate companies from an initial pool of the largest US companies. 

For the final list of best-regarded companies in 52 industries, Korn Ferry asked executives, directors and analysts to rate companies in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and the ability to attract talent.  

“Being included among the top companies in the world, year after year, is a testament to our innovation in the integrated resort business, consistently solid operational execution and financial performance and, especially, our reputation as being a good corporate citizen committed to making the communities in which we operate better places to live and work,” said Sheldon Adelson, chairman and chief executive officer of Las Vegas Sands

“Thanks to the strength of our leadership team and our team members’ unwavering commitment to delivering on the company’s plans and programs, Sands has built an enduring reputation as a global hospitality and business leader.” 

Furthermore, LVS has also been recognised by CDP, the international nonprofit environmental disclosure platform, on the Climate Change A List, attaining a leadership position for the fifth year in a row, a distinction shared by only 2 per cent of disclosing companies. 

Through Sands ECO360, the company’s global sustainability program, Sands has contributed to several environmental initiatives across its land-based portfolio, which all contributed to its placement.

“The CDP provides a comprehensive framework that continues to inspire us to become leaders in our industry and provide guidance for strategic direction,” commented Katarina Tesarova, senior vice president of global sustainability at Las Vegas Sands

“Among the thousands of companies that were scored this year, Sands is one of a very small number from around the world to make the A List. We’re proud to be recognised, and we will continue to work towards additional reduction of our environmental impact.”