Caesars Entertainment Releases 14th Annual Corporate Social Responsibility Report

Caesars Entertainment Releases 2022 Corporate Social Responsibility Report

LAS VEGAS–(BUSINESS WIRE)–Caesars Entertainment, Inc. (NASDAQ: CZR), the largest casino-entertainment company in the U.S., today released its 2022 Corporate Social Responsibility report. The report highlights progress toward Caesars’ diversity, equity and inclusion goal of gender and racial parity in leadership roles by 2025, progress toward the Company’s goal of reduction in Scope 1 + 2 emissions by 100% by 2050, investment in local communities, Team Member support and more.

“In 2022 we focused on enhancing our existing goals as well as offering more robust support for our Team Members and communities,” said Heather Rapp, Senior Vice President of Corporate Social Responsibility for Caesars Entertainment. “This past year’s progress is a reflection of the dedication of our leadership and our Team Members to making an impact both inside and outside of the Company.”

Progress in Five Critical Areas for 2022

1. Environmental Impact:

   Caesars is working to divert waste from landfills, reduce water consumption, and reduce the Company’s carbon footprint.

   • The Company is working toward a reduction in Scope 1 + 2 emissions by 100% by 2050. In 2022, Caesars achieved an interim target in Scope 1 + 2 emissions of 41.8%.
   • In 2022, Caesars reduced water consumption by 14% compared to a 2019 baseline. The Company was also named to CDP’s 2022 A-list for Water Security for the third consecutive year and received three “A” ratings for Climate Change, Water Security, and Supply Chain submissions.

2. Diversity, Equity and Inclusion:

   To further advance the Company’s commitment to diversity, equity, and inclusion in its workforce, communities, and supply base, in 2020 Caesars pledged DEI goals of achieving gender and racial parity in leadership roles by 2025.

   • The Company saw a 106% increase of people of color in senior leadership roles for 2022 since the Dec. 2020 baseline.

3. Community Investment:

   In 2022, Caesars Entertainment invested $81 million in communities in which it operates. This includes $65 million in mandated and discretionary giving, $3.5 million in giving through the Caesars Foundation, $2.4 million as the value of Team Member volunteering, and $1.6 million in-kind.

4. Education:

   Caesars launched a new educational assistance program for Team Members in July 2022, All-In On Education. The program provides tuition assistance, low to no-cost education options, student loan debt repayment, college savings plans, and dependent scholarship opportunities. From its inception through Dec. 2022, the Company has seen:

   • 14,700 Team Members create accounts on the Company’s educational platform, representing 29.3% of the eligible workforce.
   • $1 million disbursed in student loan debt assistance and tuition assistance payments, benefitting 400 Team Members and their families.
   • 22 dependents of Team Members received scholarships of up to $20,000 over four years to pursue their college education through the inaugural Don Carano Legacy Scholarship.

5. Team Member Support:

   Providing support and security for Team Members is a top priority at Caesars Entertainment. In 2022, the Company introduced two new programs focusing on Team Member benefits and safety, including:

   • Expanded and enhanced our best-in-class healthcare offering, providing Team Members with an array of high-quality and affordable plans.
   • A new emergency security program to enhance onsite safety. The program requires Team Members to carry an alert fob that can be activated at any time. By the end of 2022, more than 3,700 fobs were issued to Team Members in Las Vegas.

Click here for the full report, written in accordance with GRI Standards and including SASB and TCFD indices, and for more information on Caesars Entertainment’s corporate social responsibility progress.

About Caesars Entertainment, Inc.

Caesars Entertainment, Inc. (NASDAQ: CZR) is the largest casino-entertainment company in the U.S. and one of the world’s most diversified gaming-entertainment providers. Since its beginning in Reno, Nevada, in 1937, Caesars Entertainment has grown through development of new resorts, expansions, and acquisitions. Caesars Entertainment’s resorts operate primarily under the Caesars®, Harrah’s®, Horseshoe®, and Eldorado® brand names. Caesars Entertainment offers diversified amenities and one-of-a-kind destinations, with a focus on building loyalty and value with its guests through a unique combination of impeccable service, operational excellence, and technology leadership. Caesars Entertainment is committed to its employees, suppliers, communities, and the environment through its PEOPLE PLANET PLAY framework. If you think you or someone you care about may have a gambling problem, call 1-800-522-4700. For more information, please visit www.caesars.com/corporate.

SDGs, Targets, and Indicators in the Article

1. Which SDGs are addressed or connected to the issues highlighted in the article?

• SDG 7: Affordable and Clean Energy
• SDG 8: Decent Work and Economic Growth
• SDG 10: Reduced Inequalities
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action
• SDG 16: Peace, Justice, and Strong Institutions

2. What specific targets under those SDGs can be identified based on the article’s content?

• Target 7.2: Increase substantially the share of renewable energy in the global energy mix.
• Target 8.5: By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value.
• Target 10.2: By 2030, empower and promote the social, economic, and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion, or economic or other status.
• Target 12.4: By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water, and soil to minimize their adverse impacts on human health and the environment.
• Target 13.2: Integrate climate change measures into national policies, strategies, and planning.
• Target 16.6: Develop effective, accountable, and transparent institutions at all levels.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

• Indicator for Target 7.2: Share of renewable energy in the total energy consumption.
• Indicator for Target 8.5: Proportion of employees with access to financial services, including affordable credit.
• Indicator for Target 10.2: Proportion of people who believe they have been treated with respect and dignity.
• Indicator for Target 12.4: National recycling rate, waste generation per capita.
• Indicator for Target 13.2: Number of countries that have communicated the strengthening of institutional, systemic, and individual capacity-building to implement adaptation, mitigation, and technology transfer.
• Indicator for Target 16.6: Proportion of the population satisfied with their last experience of public services.

Table: SDGs, Targets, and Indicators

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: businesswire.com

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