Commitment to Environmental Stewardship
CodeGreen: Caesars’ Environmental Sustainability Strategy
Environmental stewardship is one of the four pillars of Caesars Code of Commitment and represents our promise to preserve the planet for current and future generations. To carry out this promise, we initiated CodeGreen in 2007 and it has become part of the way we do things at Caesars Entertainment.
CodeGreen is our organization-wide, multi-year strategy to identify, monitor, measure, assess, manage and reduce our material impacts on the environment. This consistent, structured, data-driven and disciplined environmental program leverages the passion of our employees, as well as engages our guests and suppliers.
CodeGreen initiatives have had a significant cost-saving impact for the company in addition to helping us meet our responsibilities to stakeholders and engage employees. 2014 was another banner year for our environmental initiatives and improvements in our resource consumption brought our overall achievements since 2007 to industry-leading levels.
In 2015, we have undertaken a further challenge by committing to a science-based climate change targets. Targets are considered “science based” if they are in line with the level of emissions reductions necessary to keep global temperature increase below 2°C (3.6°F) compared to pre-industrial temperatures, as described in the Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC).
The science-based initiative is led by a coalition of organizations including the UN Global Compact, the Carbon Disclosure Project, the World Resources Institute and the World Wildlife Fund. During the coming months, we will be assessing our current targets against science-based parameters and making adjustments accordingly. In the meantime, we believe we are the first company in the hospitality industry to adopt such an ambitious challenge. Our new program is set out below:
|Cumulative Achievement 2007-2015||Performance Against 2014/2015 Targets||New 2020 Target||2025 Target|
|Energy||Reduce energy consumption (fossil fuel based) per 1,000 air-conditioned sq. feet by 20% by 2015 and 40% by 2025 (2007 baseline).||-21.3%||Exceeded||-30%||-40%|
|GHG Emissions||Reduce greenhouse gas emissions per 1,000 airconditioned sq. feet by 40% by 2025 (2007 baseline).||-22.6%||2013 Target Exceeded||-30%||-40%|
|Water||Reduce water consumption per 1,000 air-conditioned sq. feet by 10% by 2015 and by 15% by 2020 (2008 baseline).||-16.6%||Exceeded||-20%||-25%|
|Waste||Divert 25% of total waste from landfill in 2014 and 50% in 2020.||44.3%||Exceeded||50%||60%|
|Real Estate||Achieve LEED certification for all newly-built and expanded properties owned by Caesars.||100%||Achieved||100%||100%|
|Green Properties||Green Key Certification for all (30) hotel properties in North America.||100%||Achieved||100%||100%|
REPORTING, VERIFICATION & TRANSPARENCY
Our sixth annual Corporate Citizenship Report is written in accordance with the Global Reporting Initiative G4 guidelines, core option. The Global Reporting Initiative (GRI) guidelines represent the most widely-used corporate citizenship and sustainability reporting framework in the world today.
Caesars engages an independent external auditor to verify our carbon emission disclosures in the report and we continued to disclose our carbon emission (and water consumption) to the Carbon Disclosure Project.
Verification of our greenhouse gas emissions data was conducted by an accredited verifier from Alta Environmental, a California Air Resources Board (ARB) Accredited GHG Emissions Verification Body. The verifier used California Global Warming Solutions GHG Mandatory Reporting Rule methodologies with ISO14064-3 guidance principles and found that our GHG emissions inventory for 2014 was “free of material misstatement.”
The Carbon Disclosure Project (CDP) is the world’s leading initiative to tackle climate change by helping organizations drive down GHG emissions, and water consumption, and mitigate environmental risk in their supply chains. By disclosing our performance to the Carbon Disclosure Project, we join the ranks of the world’s leading companies who are serious about environmental stewardship.
We became one of the first companies in the gaming sector to disclose our carbon emissions to the CDP Investor program in 2010 and the first to report to CDP Water and participate in CDP Supply Chain. The CDP awarded Caesars Entertainment a 98% disclosure score and an A- performance band score for our 2013 carbon disclosure, the highest score among companies in our sector in 2014.