Caesars Entertainment Corp. just announced the launch of its ninth annual corporate social responsibility (CSR) report, PEOPLE PLANET PLAY, which details sustained progress against the company’s CSR goals in 2017 and the early half of 2018, and its continued commitment to its employees, suppliers and communities.
The following are some of the highlights of the report:
- In 2018, Caesars advanced its commitment to environmental stewardship by achieving approval from the Science Based Targets initiative (SBTi) for targets that are aligned with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius.
- Caesars committed to reducing absolute Scope 1 and 2 emissions 30 percent by 2025 and 95 percent by 2050 from a 2011 baseline. Caesars also set a Scope 3 target to have 60 percent of suppliers commit to their own science-based targets by 2023.
- With its company-wide environmental strategy, CodeGreen, Caesars is one of only 55 companies worldwide to achieve an A or A- score in three CDP rankings; the company was included in the Water A List and ranked A- for climate change disclosure and A- for supplier engagement.
- Caesars’ commitment to long-lasting, positive societal impact on the communities in which it serves was recently recognized by Civic 50, a Points of Light initiative. This is Caesars’ fourth year on the list and its third time as the leader of the consumer discretionary industry.
- In the past five years, Caesars has generated $48 billion in economic value benefiting employees (wages and benefits), suppliers (payment for goods and services), government bodies (taxes and licenses) and communities (giving and volunteering), including $7.6 billion in 2017. Caesars contributed three times more to its communities per dollar of revenue earned in 2017 than the average U.S. corporation.
- In 2017, 32 percent of managers were people of color, 4 percentage points higher than the national average of 28 percent.
- Since 2011, Caesars’ spend with third party certified diverse suppliers has grown from 5.8 percent of addressable spend to 16.7 percent last year, much higher (39 percent) than other participants in the Diversity Best Practices Inclusion Index.
- In 2017, more than 52,500 employees took part in more than 71,000 hours of Responsible Gaming training. Caesars has set a target for 100 percent of employees who receive Responsible Gaming training to say they feel empowered to proactively report Responsible Gaming concerns at Caesars by 2020.
To access the entire CSR report, click here.