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June 7, 2018

Caesars Looks to Cut Carbon Emissions by 95% by 2050




The recently renovated Caesars Las Vegas.

More big news in sustainable events: Caesars Entertainment Corporation, which operates venues in Las Vegas, Atlantic City and more, has announced it has committed to drastically reduce greenhouse gas emissions from the company and throughout its supply chain. Caesars said that the ambitious goals demonstrate the company’s ongoing commitment to fighting climate change and mitigating long-term risk.

Caesars is one of over 400 global organizations that has committed to business leadership and policy alignment on climate through the Science Based Target initiative (SBTi), and one of just over 100 companies to have their targets approved.

The SBTi is a collaboration among CDP (formerly known as the Carbon Disclosure Project), the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF). Targets adopted by companies to reduce greenhouse gas (GHG) emissions are considered "science-based" if they are in line with the level of decarbonization required to keep global temperature increase below 2 degrees Celsius compared to pre-industrial temperatures.

Caesars Entertainment reports that it has commited to:

  • reduce absolute Scope 1 and 2 emissions 30 percent by 2025, and 95 percent by 2050 from a 2011 base-year;
  • have 60 percent of suppliers by spend institute science-based GHG reduction targets for their operations by 2023.

Caesars said that it is the first gaming company to include a scope 3 goal in its verified science-based targets. This level of commitment helps to further accelerate the momentum of reducing environmental impact as it relates to the operations a company doesn't directly control, including supply chain, vendors, etc. This indirect influence also makes it one of the most ambitious goals for a company. With thousands of suppliers throughout the company, Caesars said it recognized the importance of engaging the full supply chain in order to create meaningful impact.

One of the first demonstrations of how Caesars will achieve its goals is a Request for Proposal (RFP) that will be issued in June for a major utility-scale purchase of solar energy in the Las Vegas desert, which will deliver power to its Nevada properties.

The carbon and management strategy developed by Caesars is a cornerstone of the company's CodeGreen environmental program, which was established in 2008 and entails engaging employees and guests to understand and reduce energy use, GHG emissions, waste and water use. Caesars Entertainment has reduced its total GHG emissions by 22.9 percent since 2011.

Additional progress includes:

  • Reduced water use by 21 percent per square foot since 2008;
  • Diverted 41 percent of waste from landfill in 2017.

Visit www.caesars.com


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