Melco Resorts And Entertainment Sustainability Profile
Melco Resorts and Entertainment Limited, commonly referred to as Melco, is a leading developer and operator of integrated resort facilities, headquartered in Hong Kong. Founded in 2004, the company has established a strong presence in major operational regions, particularly in Macau, where it has become synonymous with luxury gaming and entertainment experiences. Melco's core offerings include world-class casinos, hotels, and entertainment venues, distinguished by their innovative design and commitment to sustainability. The company has achieved notable milestones, such as the launch of its flagship property, City of Dreams, which has set new standards in the industry. With a focus on premium customer service and unique entertainment options, Melco holds a prominent position in the global gaming market, continually striving to enhance the guest experience while contributing to the local economy.
DitchCarbon Score
How does Melco Resorts And Entertainment's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Recreation and Sports Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Melco Resorts And Entertainment's score of 53 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Melco Resorts And Entertainment's reported carbon emissions
In 2024, Melco Resorts and Entertainment, headquartered in Hong Kong, reported total carbon emissions of approximately 468,055,000 kg CO2e. This figure includes 28,217,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion (13,210,000 kg CO2e), and 265,100,000 kg CO2e from Scope 2 emissions, with a market-based total of 8,000 kg CO2e. The company’s Scope 3 emissions accounted for the majority, at approximately 468,055,000 kg CO2e, with significant contributions from purchased goods and services (223,089,000 kg CO2e) and capital goods (96,002,000 kg CO2e). Comparatively, in 2023, Melco's total emissions were approximately 372,748,000 kg CO2e, indicating a rise in emissions over the year. The breakdown for 2023 included 20,392,000 kg CO2e from Scope 1, 252,165,000 kg CO2e from Scope 2, and 372,748,000 kg CO2e from Scope 3. Despite the increase in emissions, Melco Resorts has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. The company operates under the corporate family of Melco Resorts & Entertainment Limited, which may influence its sustainability strategies and reporting practices. Overall, Melco Resorts and Entertainment's emissions profile reflects the challenges faced by the hospitality industry in managing carbon footprints, particularly in Scope 3 emissions, which often represent the largest share of total emissions.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 16,011,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 206,420,000 | 000,000,000 | 000,000 | 00,000 | 0,000 |
| Scope 3 | 66,167,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Melco Resorts And Entertainment's Industry?
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Melco Resorts And Entertainment's Scope 3 Categories Breakdown
Melco Resorts And Entertainment's Scope 3 emissions, which increased by 26% last year and increased by approximately 607% since 2020, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 48% of Scope 3 emissions.
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Melco Resorts And Entertainment's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Melco Resorts And Entertainment has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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