Climate Change Data

Caesars Entertainment, Inc.

Climate Impact & Sustainability Data (2015, 2018-2019, 2019-2020, 2020-2021, 2021-2022, 2022, 2023)

Reporting Period: 2015

Environmental Metrics

Total Carbon Emissions:975,657 tCO2e/year (U.S.)
Scope 1 Emissions:220,245 tCO2e/year (U.S.)
Scope 2 Emissions:755,412 tCO2e/year (U.S.)
Scope 3 Emissions:43,842 tCO2e/year (U.S.)
Renewable Energy Share:Not disclosed
Total Energy Consumption:8,745,641 GJ/year (U.S.)
Water Consumption:4,247,784 kGal/year (U.S.)
Waste Generated:131,300 tons/year (U.S.)
Carbon Intensity:17.54 MT CO2e per 1,000 sq ft (U.S.) in 2015

ESG Focus Areas

  • Responsible Gaming
  • Environmental Stewardship (CodeGreen)
  • Community Engagement (HEROs)
  • Employee Well-being
  • Diversity and Inclusion
  • Compliance

Environmental Achievements

  • -23.4% cumulative reduction in energy use per 1,000 sq.ft. since 2007
  • -28.3% cumulative reduction in greenhouse gas emissions per 1,000 sq.ft. since 2007
  • -20.4% cumulative reduction in water use per 1,000 sq.ft. since 2008
  • 38% of waste diverted from landfills in 2015
  • 100% of hotel properties Green Key eco-rated

Social Achievements

  • 260,000 employee volunteer hours
  • 42% women in management (U.S.)
  • 34% minorities in management (U.S.)
  • $67.2 million total community giving
  • 100% perfect score in Human Rights Campaign Corporate Equality Index for the 9th consecutive year
  • 3% increase in guest satisfaction

Governance Achievements

  • Enhanced anti-money-laundering (AML) compliance activities
  • New industry-leading practices in AML compliance
  • Increased number of qualified staff in dedicated AML compliance roles

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce energy consumption by 30% by 2020 and 40% by 2025 (baseline 2007)
  • Reduce greenhouse gas emissions by 30% by 2020 and 40% by 2025 (baseline 2007)
  • Reduce water consumption by 20% by 2020 and 25% by 2025 (baseline 2008)
  • Divert 50% of total waste from landfill by 2020 and 60% by 2025
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Financial restructuring challenges
  • AML compliance-related matters resulting in fines
Mitigation Strategies
  • Strong financial performance despite restructuring
  • Agreements with regulators to address AML deficiencies
  • Significant investment in technology and personnel to improve AML compliance

Supply Chain Management

Supplier Audits: 150 suppliers invited to respond to CDP climate change disclosure

Responsible Procurement
  • Responsible Supplier Statement outlining ethical and responsible business practices

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI G4 guidelines, core option

Certifications: Null

Third-party Assurance: Independent verification of energy consumption and carbon emissions

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 8 (Decent Work and Economic Growth)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 13 (Climate Action)
  • Goal 17 (Partnerships for the Goals)

Caesars' initiatives align with these SDGs through responsible business practices, community engagement, environmental stewardship, and partnerships

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Civic 50, Loyalty360 CX Bronze Award, Casino Operator of the Year (Europe), PR News CSR Professional of the Year, CDP Climate Disclosure Leadership Index

Reporting Period: 2018-2019

Environmental Metrics

Total Carbon Emissions:896 thousand metric tons CO2e
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:2,533 GWh
Water Consumption:3,803 million gallons
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Health and wellness
  • Great place to work
  • Positive economic contribution
  • Supporting local communities
  • Science Based Goals
  • Reducing energy consumption
  • Reduce and recycle waste
  • Responsible business
  • Diversity, equity and inclusion
  • Creating memorable guest experiences
  • Responsible Gaming

Environmental Achievements

  • Reduced absolute Scope 1 & 2 emissions by 23.7% versus 2011, reaching 79% of the 2025 Science Based Target.
  • Inaugurated a new solar project at Harrah’s Cherokee Valley River Casino and Hotel, reducing GHG emissions.
  • Hosted Nevada’s largest electric vehicle super-charging station with 39 charging stations, promoting low-carbon transportation.
  • Achieved 49% total waste diverted from landfill in 2018.

Social Achievements

  • Increased guest service scores to a new record.
  • 91% participation in the U.S. Wellness Rewards program.
  • 343,050 hours of volunteer work by Caesars HEROs in 2018.
  • Launched a mentorship program for veteran team members.
  • Economic Equity Tour planned to address social issues.
  • Created the Shared Future Fund to support victims of human trafficking.
  • Expanded Business Impact Groups (BIGs) with 20 new groups in 2018.

Governance Achievements

  • Improved Board diversity with two women directors (18%).
  • Invested almost $7 million in enhancing BSA/AML and OFAC technology.
  • Enhanced BSA/AML risk assessment methodology.
  • Invested close to 3,000 hours in BSA/AML training in 2018.

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 95% by 2050 from a 2011 base-year.
Medium-term Goals:
  • 50% of leadership roles held by women by 2025 in U.S.
  • 50% of manager roles and above held by team members of color by 2030.
Short-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 30% by 2025.
  • Achieve 85% employee wellness program participation by 2020.
  • Achieve 67% “strongly agree” scores by 2020 on guest perception that Caesars “does what’s right no matter what”.
  • Have 60% of suppliers by spend institute science based GHG reduction targets for their operations by 2023.
  • 100% of customer contact employees feel empowered to proactively report RG concerns at Caesars by 2020.

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Engagement with suppliers committed to responsible practices.
  • Focus on mitigating climate change in the supply chain.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, UN Sustainable Development Goals

Certifications: LEED, Green Key

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 3
  • Goal 8
  • Goal 11
  • Goal 13

The report highlights how Caesars' initiatives contribute to these goals through health and wellness programs, economic contributions, community development, and environmental protection.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • 100 Best Corporate Citizens 2019
  • America’s Most Just Companies 2019
  • Most Community-Minded Companies (Civic 50)
  • Top 100 Best Places to Work in IT
  • Human Rights Campaign Corporate Equality Index (perfect score)
  • LGBTQ Business Equality Excellence Award
  • Bronze Awards (Loyalty 360 Magazine)
  • Best Customer Service Award (Freddie Awards)
  • TripAdvisor Hall of Fame Awards
  • TripAdvisor Certificate of Excellence Awards
  • CDP Supplier Engagement Leader Board

Reporting Period: 2019-2020

Environmental Metrics

Total Carbon Emissions:858 thousand metric tons CO2e (2019)
Total Energy Consumption:8,962 MJ (2019)
Water Consumption:3,636 million gallons (2019)

ESG Focus Areas

  • Responsible business
  • Diversity, Equity and Inclusion
  • Creating memorable guest experiences
  • Responsible Gaming
  • Health and wellness
  • Empowering workplace
  • Positive economic contribution
  • Supporting local communities
  • Science Based Goals
  • Reducing energy consumption
  • Reduce and recycle waste

Environmental Achievements

  • Reduced absolute carbon footprint (greenhouse gas emissions) by 29% since 2007 in the U.S.
  • Scope 1 & 2 emissions were 19.7% lower than 2011, bringing us to 64% of our 2025 Science Based GHG Reduction Target.
  • Invested more than $80 million over the past 10 years to bring major lighting improvements and carbon savings to many of our properties, saving more than 86 million lbs. of carbon emissions.
  • Harrah’s Cherokee Valley River completed a 700-kilowatt solar energy project.
  • Harrah’s Southern California installed a 2MW solar array.
  • Savings of over 40 million gallons of freshwater annually through advanced water treatment monitoring and controls of cooling towers.

Social Achievements

  • Total community reinvestment amounted to $66.6 million in 2019.
  • Team members volunteered more than 370,000 hours in 2019.
  • Raised $603,564 during the 2019 Campaign for the Cause.
  • Launched Caesars Cares, an assistance fund to support team members across the U.S. who suffer hardships related to COVID-19.
  • Donated more than 450,000 pounds of food during the COVID-19 pandemic.
  • Donated more than $400,000 to organizations in Nevada and other regions during the COVID-19 pandemic.
  • Economic Equity Tour provided practical support for diverse members of our communities.

Governance Achievements

  • Implemented measures to align the governance of the new Caesars Entertainment Inc. with regulatory requirements and corporate responsibility.
  • Formed a new CSR Committee of the Board of Directors.
  • Maintained comprehensive training programs for compliance professionals and team members.

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 100% by 2050
Medium-term Goals:
  • Have 60% of suppliers by spend institute science-based GHG reduction targets by 2023
Short-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 35% by 2025

Environmental Challenges

  • COVID-19 pandemic and its impact on operations and stakeholders.
  • Merger of Caesars Entertainment Corporation and Eldorado Resorts, Inc., requiring revised governance structure and policies.
  • Merging of cultures throughout the organization following the merger.
Mitigation Strategies
  • Implemented robust health and safety protocols.
  • Provided financial and other support for furloughed team members.
  • Established a revised compliance structure framework.
  • Synthesizing a plan for Anti-Money Laundering (AML) across the entire organization.

Supply Chain Management

Supplier Audits: 53% of suppliers by spend invited to submit climate data through CDP Supply Chain program (2019)

Responsible Procurement
  • Inclusive procurement, seeking to source quality goods and services while strengthening local businesses and economies.
  • Focus on MWDBEs (minority and women-owned or disadvantaged business enterprises).

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI Standards: Core option

Third-party Assurance: External expert verification for energy and GHG emissions data

UN Sustainable Development Goals

  • Goal 3
  • Goal 8
  • Goal 11

Goals 3 (good health and well-being), 8 (decent work and economic growth), and 11 (sustainable cities and communities).

Reporting Period: 2020-2021

Environmental Metrics

Total Carbon Emissions:820,223 tCO2e/year (2020)
Scope 1 Emissions:217,293 tCO2e/year (2020)
Scope 2 Emissions:602,930 tCO2e/year (2020, market based)
Scope 3 Emissions:29,759 tCO2e/year (2020)
Renewable Energy Share:3% (2020)
Total Energy Consumption:8,694,247 GJ/year (2020)
Water Consumption:1,618 thousand m3/year (2020)
Waste Generated:73,397 tons/year (2020)
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Responsible conduct
  • Memorable guest experiences
  • Responsible Gaming
  • Positive economic contribution
  • Supporting local communities
  • Health and wellness
  • Diversity and inclusion
  • Great place to work
  • Reducing energy consumption
  • Science-based carbon goal reduction
  • Reduce and recycle waste
  • Water conservation

Environmental Achievements

  • Reduced Scope 1 and 2 GHG emissions by 21% from 2019 to 2020
  • Reduced water consumption by 33% from 2019 to 2020
  • 45% of waste diverted from disposal in 2020

Social Achievements

  • 100% of U.S. properties have local engagement programs
  • Developed a revised Wellness Rewards program (to be implemented in 2021 or 2022)
  • Raised minimum wage in 2020

Governance Achievements

  • Established anti-corruption training for all employees and suppliers
  • Board of Directors and senior executives view Corporate Social Responsibility as an integral element in the way the company does business

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 100% by 2050 from a 2011 base-year
Medium-term Goals:
  • 60% of suppliers by spend will institute Science Based GHG reduction targets for their operations by 2023
Short-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 35% by 2025 from a 2011 base-year

Environmental Challenges

  • COVID-19 pandemic materially impacted environmental performance in 2020
  • Cost and availability of reliable electricity sources
  • State RPS requirements
  • Local and federal legislation
  • Emissions requirements
  • Reputational impacts of sustainability programs
Mitigation Strategies
  • Periodic Climate Change Risk Assessment encompassing strategic, financial, legal, regulatory, reputational and operational risks and opportunities
  • On-site audits and monthly energy and water data review to identify risks and opportunities at the property level
  • CodeGreen strategy with targets and standard operating procedures related to food & beverage, Housekeeping and Responsible Meetings
  • Capital allocation incorporated into facilities’ operating budgets for mitigation actions

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Supplier Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Hurricane damage
  • Extreme weather events
Transition Risks
  • Cost and availability of reliable electricity sources
  • State RPS requirements
  • Local and federal legislation
  • Emissions requirements
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Certifications: Null

Third-party Assurance: External party verification to a limited level of assurance (2019 and 2020 environmental data)

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2021-2022

Environmental Metrics

Total Carbon Emissions:2,563,840 tCO2e/year (Scope 1+2+3 in 2021)
Scope 1 Emissions:234,931 tCO2e/year (2021)
Scope 2 Emissions:582,095 tCO2e/year (2021, location based)
Scope 3 Emissions:1,746,814 tCO2e/year (2021)
Renewable Energy Share:6% (of companywide electricity use in 2021)
Total Energy Consumption:9,049,229 GJ/year (Total in 2021)
Water Consumption:13,095 ML/year (Total Withdrawal in 2021)
Waste Generated:60,415 tons/year (Landfill in 2021)

ESG Focus Areas

  • People
  • Planet
  • Play

Environmental Achievements

  • 33.9% absolute reduction in Scope 1+2 emissions from 2011
  • 13,000 LED lamps installed, yielding an annualized energy saving of more than 4.2 million kWh
  • Atlantic City solar initiative is expected to avoid more than 8,000 metric tons of CO2 emissions annually
  • 40% of total waste generated was diverted from landfills

Social Achievements

  • 82% of Team Members confirm they are proud to work for Caesars Entertainment
  • More than 1.3 million hours of training, averaging more than 26 hours per Team Member
  • 43% racial/ethnic diversity in all leadership roles and 19% in senior leadership roles
  • New education assistance program—All-In On Education—providing Team Members with significant tuition funding
  • Total community reinvestment amounted to over $74.5 million

Governance Achievements

  • 100% of Team Members required to complete annual training for our Code of Ethics and Business Conduct
  • Published new pathway to achieve our 2050 GHG emissions target
  • Completed a comprehensive ESG risk assessment

Climate Goals & Targets

Long-term Goals:
  • Reduce 100% of our 2011 emissions by 2050
Medium-term Goals:
  • Reduce water consumption per square foot by 20% by 2035
  • Divert from landfills 65% of waste generated at our properties by 2030
Short-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 35% by 2025
  • 60% of suppliers by spend will institute Science Based GHG reduction targets for their operations by 2023

Environmental Challenges

  • Climate Change
  • Data Privacy & Security
  • Ethics & Compliance
  • Guest Health & Safety
  • Health & Safety
  • Human Rights
  • Responsible Gaming
  • Anti-Corruption
Mitigation Strategies
  • Aggressive energy efficiency programs including property lighting and HVAC retrofits, building energy management systems improvements and green construction programs for all renovations and new properties.
  • Increasing use of renewable electricity through PPAs and in-house solar energy generation.
  • Emissions reductions to be considered through nature-based solutions to offset residual emissions.
  • Dedicated cyber team that ensures complete embedding of core security processes in all our systems architecture

Supply Chain Management

Supplier Audits: 164 suppliers were invited to submit their climate data to the CDP Climate Change through the CDP Supply Chain program in 2021; 63% responded.

Responsible Procurement
  • CDP Supply Chain program

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, TCFD

Awards & Recognition

  • Disability Equality Index® – Best Places to Work for Disability Inclusion – Top score of 100 in 2022
  • Human Rights Campaign Corporate Equality Index 2022 – Best Places to Work for LGBTQ+ Equality
  • Newsweek Most Responsible Company 2022
  • Points of Light Honoree for The Civic 50 2022
  • Caesars Rewards named “Customer Loyalty Program of the Year” at the Global Gaming Awards
  • Named to the Women’s Business Enterprise National Council America’s Top Corporations for Women’s Business Enterprises

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:801,258 tCO2e/year (Scope 1+2, location based); 738,618 tCO2e/year (Scope 1+2, market based); 1,796,372 tCO2e/year (Scope 3)
Scope 1 Emissions:234,192 tCO2e/year
Scope 2 Emissions:567,066 tCO2e/year (location based); 504,426 tCO2e/year (market based)
Scope 3 Emissions:1,796,372 tCO2e/year
Renewable Energy Share:4% of total energy use
Total Energy Consumption:9,289,198 GJ/year
Water Consumption:2,073,000 m3/year (consumption)
Waste Generated:153,799 tons/year
Carbon Intensity:11.76 tCO2e/1,000 ft2 (Scope 1+2+3 in 2022)

ESG Focus Areas

  • Employee Experience
  • Health & Safety
  • Diversity, Equity and Inclusion
  • Economic Contribution
  • Community Impacts
  • Human Rights
  • Climate Change
  • Water Stewardship
  • General and Food Waste
  • Responsible Sourcing
  • Guest Experience
  • Guest Health and Safety
  • Responsible Gaming
  • Sustainable Tourism
  • Ethics & Compliance
  • Anticorruption
  • Taxation
  • Public Policy
  • Data Privacy & Security

Environmental Achievements

  • Reduced absolute Scope 1 and 2 emissions by 12% from 2021 to 2022 (market-based).

Social Achievements

  • Increased percentage of direct U.S. workforce receiving a performance review to 47% in 2022.
  • Invested $33.3 million in employee training in 2022.

Governance Achievements

  • Established a Corporate Social Responsibility Committee (CSRC) of the Board to oversee climate-related issues and ESG performance.

Climate Goals & Targets

Long-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 100% by 2050 from a 2011 base-year.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 35% by 2025 from a 2011 base-year.

Environmental Challenges

  • Cost and availability of reliable electricity sources
  • State RPS requirements
  • Local and federal legislation
  • Emission requirements
  • Reputational impact of sustainability programs
Mitigation Strategies
  • Periodic Climate Change Risk Assessment
  • Onsite property audits
  • Capital allocation incorporated into facilities’ operating budgets for mitigation

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Hurricane damage
  • Extreme weather events
Transition Risks
  • Cost and availability of reliable electricity sources
  • State RPS requirements
  • Local and federal legislation
  • Emission requirements
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, TCFD Framework

Certifications: Null

Third-party Assurance: External expert verification for energy and GHG emissions data.

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:752,049 tCO2e (location based) / 697,099 tCO2e (market based) (Scope 1+2)
Scope 1 Emissions:228,734 tCO2e/year
Scope 2 Emissions:523,316 tCO2e/year (location based) / 468,365 tCO2e/year (market based)
Scope 3 Emissions:1,190,982 tCO2e/year
Renewable Energy Share:10.8% of total energy use
Total Energy Consumption:2,616,512 MWh/year
Water Consumption:13,180 megaliters/year (withdrawal) / 3,295 megaliters/year (consumption)
Waste Generated:116,554 tons/year

ESG Focus Areas

  • Team Member Experience
  • Health, Safety and Wellness
  • Diversity, Equity and Inclusion
  • Economic Contribution
  • Community Impact
  • Human Rights
  • Responsible Sourcing
  • Climate and Environmental Management
  • Water Stewardship
  • General and Food Waste
  • Guest Health and Safety
  • Guest Experience
  • Responsible Gaming
  • Sustainable Tourism
  • Ethics & Compliance
  • Anti-Corruption
  • Corporate Tax Strategy
  • Public Policy
  • Data Privacy & Security
  • Code of Ethics and Business Conduct
  • Political contributions

Environmental Achievements

  • Updated Scope 1 & 2 GHG emission reduction goals to align with a 1.5-degree Celsius limit to global warming, measured against a 2019 base-year.
  • Reaffirmed publicly stated goal to become carbon neutral by 2050 with an interim absolute GHG emission reduction goal of 46.2% by 2030 measured against a 2019 base year.
  • Updated Scope 3 target is to reduce all material emissions by 37.5% by 2035 from a 2022 base year.

Social Achievements

  • Improved employee training programs resulting in an average of 779 training hours per employee in 2023.
  • Increased percentage of direct U.S. workforce receiving a performance review to 50% in 2023.
  • Initiatives to decrease freshwater withdrawal through water-efficient technologies, employee education, and guest communications.

Governance Achievements

  • All properties conform to Responsible Gaming standards and criteria.
  • No confirmed incidents of corruption.

Climate Goals & Targets

Long-term Goals:
  • Achieve carbon neutrality by 2050.
  • Reduce Scope 3 material emissions by 37.5% by 2035 from a 2022 baseline.
Medium-term Goals:
  • Reduce absolute Scope 1 and 2 emissions by 46.2% by 2030 against a 2019 base year.

Environmental Challenges

  • Transition risks from carbon legislation, access to and the cost of capital and physical risks due to changing weather patterns.
  • Difficulty in accurately determining water consumption due to limitations in measuring water discharge.
Mitigation Strategies
  • Allocated resources to mitigate, prepare and respond to the identified risks of flooding, hurricane damage and other extreme weather events at high-risk sites.
  • Ongoing study to evaluate evaporative cooling loss and refine water consumption estimates.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Flooding
Transition Risks
  • Carbon legislation
  • Access to and cost of capital

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards (Casinos & Gaming Industry Standard and Hotels & Lodging Industry Standard), TCFD framework

Third-party Assurance: Internal verification; energy and GHG emissions data verified by an external expert.