Melco earns global recognitions for corporate sustainability efforts

February 18, 2025

Melco earns global recognitions for corporate sustainability efforts

Macau-based casino operator Melco Resorts & Entertainment received two recognitions for its corporate sustainability efforts. The Macau concessionaire has received recognition from the S&P Corporate Sustainability Assessment (CSA) and the attainment of the Building Research Establishment Environmental Assessment Method (BREEAM) “Excellent” rating for their Studio City Phase II project.

The S&P Corporate Sustainability Assessment (CSA) is a leading evaluation tool used to assess the sustainability performance of companies across various industries. Hailing its continuous efforts to foster responsible business practices and contribute positively to the sustainability space, the company was also named an “Industry Mover” within the Casinos & Gaming industry in the newly published S&P Global Sustainability Yearbook 2025.

The S&P Global Sustainability Yearbook, regarded as the benchmarking resource for corporate sustainability performance, includes members selected based on their score from the S&P Global 2024 CSA. A yearbook member must score within the top 15 percent of their industry and achieve a CSA score within 30 percent of their industry’s top-performing company to be listed. Melco’s “Industry Mover” title marks an exclusive recognition given to the top 15 percent of companies across over 60 industries.

Whereas the BREEAM is one of the world’s leading sustainability assessment systems for built environments that provides a framework for evaluating the environmental impact of new buildings.

The Studio City Phase II project

The BREEAM recognition marks that the Macau concessionaire incorporated the very highest sustainability standards in the Studio City Phase 2 development. This translates to Studio City Phase 2 development becoming the first BREEAM certified project in Macau. The project is also the first BREEAM certified project in China under the category International 2016 New Construction: Bespoke scheme with an “Excellent” rating. The project was also the winner of the “Regional Award, Asia” at the BREEAM Awards in 2021.

“In our goal to inspire guests by showing them a sustainable future is a better future, we are honored to be recognized by S&P and BREEAM for our dedicated efforts towards our sustainability ethos, reflecting our commitment at every operational level and touchpoint,” Lawrence Ho, chairman and CEO of Melco, said in a statement.

“As highlighted in our sustainability strategy ‘Above & Beyond’, we will strive to continue to make a positive impact in everything we do, leading by example, and showing that it is possible to be successful while being responsible stewards of our planet and communities,” he added.

Last month, Melco revealed that it is planning to invest in integrated resorts and hotel in Thailand. This comes as the operator plans to bank on country’s robust tourism industry and culture, and the approval of legalised gambling.

Ho dubbed Thailand as a top tourism country with great hospitality and a unique culture. Speaking at the Thailand Creative Culture Agency (THACCA) event, Ho said the company has set up a new office in Bangkok as new opportunities and collaboration will be explored via the new location. One of the biggest factors driving Melco’s investment in Thailand is the potential for legalised gambling. The Thai government has been exploring the idea of legalising casinos to boost tourism and generate additional revenue for the country.