\u201cSmart businesses have long recognised that robust environmental, social and governance (ESG) programmes can add value to businesses in many ways,\u201d says Caesars Entertainment SVP of engineering and asset management Eric Dominguez. <\/p>\n
For Caesars, sustainability efforts stretch back decades. The strategy began as a way of fulfilling different needs across various parts of the business. \u201cHowever, over time, we learned that formalising our governance structure and centralising our approach to aggregating best practices was a better way to ensure programmes, initiatives and engagement happened more uniformly across the organisation,\u201d Dominguez adds.\u00a0<\/p>\n
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Today sustainability is aligned with Caesars\u2019 core business, making it a strategic imperative embedded into Caesars rather than a short-term programme or initiative with a limited shelf life, he explains.\u00a0<\/p>\n
Dominguez sees ESG as essential to all industries, including gaming, and for Caesars it\u2019s structured around the PEOPLE PLANET PLAY<\/a> framework, with a focus on acting with integrity and care for its team members, communities and the environment. <\/p>\n \u201cWe believe it\u2019s imperative that our ESG programming is ingrained in our everyday business and that all operators and suppliers figure out how best to integrate sustainability into their businesses,\u201d he continues. \u201cThe challenges we face are real and will take solutions and actions by our industry and beyond to make a difference.\u201d<\/p>\n By embedding sustainability across all aspects of the business, it also makes it more scalable across the Caesars portfolio. This means efforts such as its HERO volunteer programme or efforts to reduce greenhouse gas emissions by investing in energy efficiency measures \u2013 \u201cgoals that align with science,\u201d Dominguez notes \u2013 can be deployed globally.<\/p>\n That focus, he says, speaks to the investment community. \u201cBeing a responsible business means more than delivering solid returns to shareholders \u2013 it also means caring for our guests, team members and communities.<\/p>\n \u201cIt means recognising that too much of anything can be a problem and understanding that the planet is facing challenges and it\u2019s important for us to do our part to mitigate such risks.\u201d<\/p>\n The investment community understands responsible businesses are smart businesses, Dominguez continues, which perform better over time. Sustainability, he argues, is not only an important aspect of managing risks but also creating a culture committed to delivering exceptional outcomes.\u00a0<\/p>\n Being ranked in FiNTEL Sustain\u2019s top 10 therefore reinforces the fact that programmes and actions embedded in PEOPLE PLANET PLAY are working and delivering more, he says. \u201cWe recognise there\u2019s more to be done but with the support of our leadership team and our 50,000+ team members, we\u2019re confident our work in this area will continue to progress. <\/p>\n \u201cAnd we\u2019re hopeful Caesar\u2019s successes will encourage others in our industry and beyond to embrace sustainability and ESG efforts as many of the challenges we collectively face will take a village to tackle.\u201d<\/p>\n Over the next w<\/em>eek iGB will be counting down the remaining highest ranked companies in FiNTEL Sustain\u2019s Sustainability Plus rating system.\u00a0Watch FiNTEL Sustain founders Robert Montgomery and Steven Myers<\/a>\u00a0share the rationale for creating a gaming-specific rating system in this exclusive interview.<\/em><\/p>\n<\/p><\/div>\nDeploying science-based goals globally at Caesars<\/h2>\n
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