12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Caesars Entertainment releases 2024 Corporate Social Responsibility Report – Yogonet

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Caesars Entertainment releases 2024 Corporate Social Responsibility Report – Yogonet
Written by ZJbTFBGJ2T

Caesars Entertainment releases 2024 Corporate Social Responsibility Report  Yogonet

Caesars Entertainment releases 2024 Corporate Social Responsibility Report – Yogonet

Caesars Entertainment 2024 Corporate Social Responsibility Report: Advancing Sustainable Development Goals

Introduction

Caesars Entertainment has published its 2024 Corporate Social Responsibility (CSR) report titled PEOPLE PLANET PLAY, highlighting significant progress in environmental sustainability, community engagement, and responsible gaming. The report underscores the company’s commitment to the United Nations Sustainable Development Goals (SDGs) through strategic initiatives and investments.

Key Achievements in 2024

Community Support and Social Impact (SDG 11, SDG 17)

  1. Investment of $72 million in community support programs.
  2. More than 93,000 hours of employee volunteer service contributed to local communities.
  3. The Caesars Foundation donated $3.4 million to nonprofit organizations and disaster relief efforts.
  4. Launch of the Extraordinary HERO Award Program to recognize employees excelling in community service.

Environmental Sustainability Initiatives (SDG 7, SDG 12, SDG 13)

  • Reduction of Scope 1 and 2 greenhouse gas emissions by 20% compared to 2019 baseline.
  • Reduction of Scope 3 emissions by 16% from a 2022 baseline.
  • Participation in the U.S. Department of Energy’s Better Climate Challenge and Better Buildings Challenge to enhance energy efficiency and sustainability.

Responsible Gaming and Corporate Governance (SDG 3, SDG 16)

  • Celebration of the 35th anniversary of the Responsible Gaming program, originally launched as Project 21 in 1989.
  • Ongoing commitment to responsible gaming practices to promote health and well-being.

Capital Investments and Expansion

Caesars completed a multi-year capital investment cycle, contributing to economic growth and sustainable infrastructure development (SDG 8, SDG 9) through the following projects:

  • Opening of Harrah’s Columbus, Nebraska Racing and Casino.
  • Launch of Caesars Virginia in Danville.
  • Rebranding of Harrah’s New Orleans as Caesars New Orleans.
  • Expansion of Harrah’s Hoosier Park.
  • Introduction of the Versailles Tower at Paris Las Vegas.

Recognition and Future Outlook

Caesars Entertainment was named one of The Civic 50’s most community-minded companies in America by the Points of Light Foundation, reflecting its leadership in corporate citizenship and community engagement (SDG 17).

The full 2024 CSR report, aligned with Global Reporting Initiative (GRI) Standards and including Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) indices, is accessible at caesars.com/corporate-social-responsibility/csr-reports.

Conclusion

Caesars Entertainment’s 2024 CSR initiatives demonstrate a comprehensive approach to advancing the Sustainable Development Goals through environmental stewardship, social responsibility, and economic development. The company continues to build on this momentum to foster sustainable growth and positive community impact in 2025 and beyond.

1. Sustainable Development Goals (SDGs) Addressed or Connected

  1. SDG 3: Good Health and Well-being – Through the Responsible Gaming program promoting safe and responsible gambling practices.
  2. SDG 7: Affordable and Clean Energy – By joining the U.S. Department of Energy’s Better Climate Challenge and Better Buildings Challenge to improve energy efficiency.
  3. SDG 11: Sustainable Cities and Communities – Via investments in community support, disaster relief, and development of new destinations enhancing local infrastructure.
  4. SDG 12: Responsible Consumption and Production – Through environmental sustainability efforts including emissions reduction and energy efficiency.
  5. SDG 13: Climate Action – Evidenced by reductions in Scope 1, 2, and 3 greenhouse gas emissions and participation in climate-related initiatives.
  6. SDG 17: Partnerships for the Goals – Through collaboration with government programs and community organizations, including Points of Light Foundation recognition.

2. Specific Targets Under Those SDGs Identified

  1. SDG 3
    • Target 3.5: Strengthen the prevention and treatment of substance abuse, including harmful use of alcohol and gambling.
  2. SDG 7
    • Target 7.3: By 2030, double the global rate of improvement in energy efficiency.
  3. SDG 11
    • Target 11.3: Enhance inclusive and sustainable urbanization and capacity for participatory planning and management.
    • Target 11.b: Increase the number of cities adopting integrated policies for inclusion, resource efficiency, and disaster risk reduction.
  4. SDG 12
    • Target 12.2: Achieve sustainable management and efficient use of natural resources.
    • Target 12.6: Encourage companies to adopt sustainable practices and sustainability reporting.
  5. SDG 13
    • Target 13.2: Integrate climate change measures into policies, strategies, and planning.
  6. SDG 17
    • Target 17.17: Encourage and promote effective public, public-private, and civil society partnerships.

3. Indicators Mentioned or Implied to Measure Progress

  1. Emissions Reduction Indicators
    • Percentage reduction in Scope 1 and 2 greenhouse gas emissions (20% reduction from 2019 baseline).
    • Percentage reduction in Scope 3 emissions (16% reduction from 2022 baseline).
  2. Community Support Indicators
    • Total investment in community support ($72 million).
    • Number of employee volunteer hours (over 93,000 hours).
    • Amount donated by the Caesars Foundation ($3.4 million).
    • Recognition programs such as the Extraordinary HERO Award for community service.
  3. Responsible Gaming Indicators
    • Longevity and impact of the Responsible Gaming program (35 years).
    • Implementation and outcomes of Project 21 and related initiatives.
  4. Energy Efficiency Indicators
    • Participation in the Better Climate Challenge and Better Buildings Challenge.
    • Energy consumption and efficiency improvements (implied through program participation).
  5. Partnership and Recognition Indicators
    • Inclusion in The Civic 50 list for community engagement.
    • Alignment with GRI Standards, SASB, and TCFD indices for sustainability reporting.

4. Table of SDGs, Targets, and Indicators

SDGs Targets Indicators
SDG 3: Good Health and Well-being Target 3.5: Strengthen prevention and treatment of substance abuse including harmful gambling. Duration and impact of Responsible Gaming program (35 years); Implementation of Project 21.
SDG 7: Affordable and Clean Energy Target 7.3: Double the global rate of improvement in energy efficiency by 2030. Participation in Better Climate Challenge and Better Buildings Challenge; Energy efficiency improvements.
SDG 11: Sustainable Cities and Communities Target 11.3: Enhance inclusive and sustainable urbanization.
Target 11.b: Increase cities adopting integrated policies for inclusion and disaster risk reduction. 		Investment of $72 million in community support; Employee volunteer hours; Disaster relief donations.
SDG 12: Responsible Consumption and Production Target 12.2: Sustainable management and efficient use of natural resources.
Target 12.6: Encourage sustainable practices and reporting by companies. 		Emissions reduction percentages; Sustainability reporting aligned with GRI, SASB, TCFD.
SDG 13: Climate Action Target 13.2: Integrate climate change measures into policies and planning. 20% reduction in Scope 1 and 2 emissions; 16% reduction in Scope 3 emissions.
SDG 17: Partnerships for the Goals Target 17.17: Promote effective public, public-private, and civil society partnerships. Recognition in The Civic 50; Collaboration with government and community organizations.

Source: yogonet.com

 

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