Company jumps 40 spots to #82 on the Magazine's List of Most Sustainable Companies in the United States
Submitted by: MGM Resorts International
Posted: Jun 06, 2014 – 03:13 PM EST
LAS VEGAS, Jun. 06 /CSRwire/ - MGM Resorts International (NYSE: MGM) has been listed among Newsweek Magazine’s 100 most environmentally responsible companies in the United States, making it the third highest-ranked company in the hospitality industry. MGM Resorts earned the 82nd spot on the list, up from 122 in 2012.
“Providing our guests with destinations that are mindful of their environmental impact and proactively driving change in business operations, goes hand-in-hand with our promise to deliver superior guest service,” said Cindy Ortega, Chief Sustainability Office for MGM Resorts. “These results demonstrate that a greener business is a better business and we are a proud leader in implementing sustainable practices.”
The Newsweek Green Rankings evaluate the world’s largest publicly-traded companies using eight metrics that provide a transparent measurement of overall corporate environmental performance. The eight main factors considered included carbon, energy, water, waste, and the extent to which internal governance is geared towards sustainability.
“What we're seeing more and more is a direct link between corporate sustainability, reputation, and financial success,” said Elijah Wolfson, senior editor at Newsweek. “Many of the world's largest public companies have begun to recognize that in order to be successful moving forward, they need to openly account for their environmental impact. The goal of Newsweek's Green Rankings is to add to and push for this type of accountability.”
To assess companies on corporate reputation and environmental risks and litigation, Corporate Knights Capital partnered with RepRisk, the leading business intelligence provider on environmental, social and governance (ESG) risks. To view the full 2014 Newsweek Green Rankings List, visit: http://www.newsweek.com/green/americas-greenest-companies-2014.
Green Rankings were created in 2009. MGM Resorts moved from #174 overall in 2010 to #157 overall in 2011 to #122 overall in 2012.
MGM Resorts' sustainability initiative is part of its longstanding commitment to social responsibility.
The company has earned 15 Green Key Hotel rankings for its leadership in green business operations. Also, Green Key Global’s Meetings Program has awarded the “5 Green Keys” rating to the meetings and convention spaces within Bellagio, ARIA, Vdara, Mandalay Bay and MGM Grand Las Vegas.
Additionally, MGM Resorts recently announced the expanded Convention Center at Mandalay Bay that will include a rooftop solar photovoltaic (PV) that is the largest convention center array in the world. The array will generate enough electricity to power the equivalent of 1,300 homes.
To learn more about MGM Resorts International’s environmental sustainability programs, please visit: www.mgmresorts.com/csr.
Newsweek is one the world’s premier weekly news magazines. Newsweek has been a staple of American media for over 80 years, bringing high-quality journalism to millions of readers around the globe. Newsweek publishes print editions in Japanese, Korean, Polish, Spanish, Arabic, and Turkish, as well as an English language international edition, but is a primarily digital property available across platforms and devices. Newsweek provides in-depth analysis, news and opinion about international issues, technology, business, culture and politics. For more information, please visit www.newsweek.com
About MGM Resorts International
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company also owns 51% of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is in the process of developing a gaming resort in Cotai, and 50% of CityCenter in Las Vegas, which features ARIA resort and casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
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