Sands shares included in Dow Jones Sustainability Index
Shares of Las Vegas Sands Corp. (NYSE: LVS ) will once again be included in two Dow Jones Sustainability Indexes (DJSI). The same applies to the operator's Sands China arm.
The largest publicly traded gaming company in the U.S. by market capitalization will be included in the DJSI North America Index for the eighth consecutive year and the DJSI World Index for the fourth consecutive year. The operator, whose Macau subsidiary Sands China recently increased its stake, will see the company become part of the Dow Jones Sustainability Index World Index and the Dow Jones Sustainability Index Asia Pacific Index for the second year in a row.
Sands and Sands China are the only two companies in the casino and gaming category to list on DJSI World this year, out of 19 companies invited to participate. "Sands is the only casino and gaming category company listed on DJSI North America, and Sands China is the only two casino and gaming category companies listed on DJSI Asia Pacific," the Las Vegas-based casino said in a statement. One of the companies." Operator.
Gambling companies are not typically included in sustainability indices, but this is slowly starting to change as the industry drives towards the adoption of renewable energy, among other things. The Dow Jones Sustainability North America Index includes North American sustainability leaders identified by S&P Global in its Corporate Sustainability Assessment (CSA), according to S&P Dow Jones Indices.
Why it matters
While Environmental, Social and Governance (ESG) investing has been vilified by some politicians and market watchers, it remains a popular investment approach, especially among younger, value-focused investors.
The inclusion of LVS and Sands China in the above benchmark supports the idea that while casino stocks have long been excluded from ESG indices, as investment styles and gaming companies have evolved to include stocks, some with ESG and sustainable The development of stock indicators that focus on the situation is increasingly the case for casino operators.
"Sands' inclusion in the DJSI also reflects the company's ability to adapt its work and reporting to align with this year's key methodological changes and public disclosure expectations for the CSA," Sands added in the statement. "The approach reflects Sands' commitment to key ESG authorities A focus on transparency that defines the institution and a commitment to continually expanding its impact.”
According to Sands, the company aims to invest $200 million in its workforce by 2025 as part of its corporate responsibility to "people, communities and planet," a goal that will depend on the operator's ESG profile. Can it be improved further.
Sands Group Ambitions to Reduce CO2 Emissions
As carbon reduction and net zero become increasingly important, companies around the world are working to reduce their carbon footprint. Sands is part of this group.
The company's environmental goal is to reduce CO2 emissions by 17.5% by 2025. Sands' CO2 emissions are reduced by 50% in 2022 from a 2018 baseline; however, the cumulative decline reflects the ongoing impact on property visitation related to the pandemic," the company said.
If the gaming company achieves this goal, it could pave the way for the stock to be included in other sustainability indices in the future.
Read also:
- Blackjack Casino Advantage: How to Beat the Odds
- Football 101: What is relegation in football?
- Hard Rock Digital launches social gaming division
- Bally's Evansville steals $212,000 via vendor phishing scheme
Source: www.casino.org
