MGM Resorts International Releases Corporate Responsibility Report
"Inspiring Our World" Details Commitments to Diversity, Philanthropy and Sustainability
LAS VEGAS, July 11, 2012 /PRNewswire/ -- Advancements in Corporate Social Responsibility for MGM Resorts International (NYSE: MGM) are chronicled in its first consolidated Corporate Social Responsibility Report (http://www.mgmresorts.com/files/company/AnnualCorporateSocialResponsibilityReport2011.pdf).
Themed "Inspiring Our World", the report reflects the company's ongoing commitment to inspiring responsible behavior in Diversity & Inclusion, Philanthropy & Community Engagement, and Environmental Responsibility & Sustainability.
"We're committed to excellence and continuous improvement. Our social responsibility imperatives are helping to drive innovation and competitive differentiation throughout our organization," said Jim Murren, Chairman & CEO of MGM Resorts International.
"Environmental responsibility is a priority at all levels," Murren said.
In 2011, Newsweek magazine ranked MGM Resorts as the most "green" resort and casino company. Since 2007, the company has achieved total savings of more than 300 million kilowatt hours of electricity, 500,000 MMBtu of natural gas, and has saved 1.9 billion gallons of water. The company's recycling rates increased four-fold to an overall rate of 37.9%.
In Diversity, Murren said the company has successfully grown a diversified and sustainable supply chain. Since 2001, the company has contracted with more than 1,000 Minority and Women Owned Disadvantaged Business Enterprise suppliers and contractors, resulting in a cumulative expenditure of more than $2.5 billion. In 2011, the MWDBE supply chain was also expanded to include businesses owned by veterans, as well as disabled and lesbian, gay, bisexual or transgender (LGBT) individuals.
Additionally, the company was noted as one of the 25 Noteworthy Companies for Diversity by DiversityInc Magazine, a Top 60 Companies for Diversity by Hispanic Business Magazine, one of the 50 Best Companies for Latinas by LATINA Style Magazine, and one of the 40 Best Companies for Diversity by Black Enterprise Magazine, among other honors.
"We earnestly believe that the health of our Company is directly linked to the health of the communities in which we operate," Murren said.
In Philanthropy, employees in 2011 donated $4.6 million to more than 1,000 community-based nonprofit organizations. Since 2002, the MGM Resorts Foundation has invested $45 million in community-based organizations and programs.
About MGM Resorts International (NYSE: MGM)
MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage. In addition to its 51% interest in MGM China Holdings Limited, which owns the MGM Macau resort and casino, the Company has significant holdings in gaming, hospitality and entertainment, owns and operates 15 properties located in Nevada, Mississippi and Michigan, and has 50% investments in three other properties in Nevada and Illinois. One of those investments is CityCenter, an unprecedented urban resort destination on the Las Vegas Strip featuring its centerpiece ARIA Resort & Casino. Leveraging MGM Resorts' unmatched amenities, the M life loyalty program delivers one-of-a-kind experiences, insider privileges and personalized rewards for guests at the Company's renowned properties nationwide. Through its hospitality management subsidiary, the Company holds a growing number of development and management agreements for casino and non-casino resort projects around the world. MGM Resorts International supports responsible gaming and has implemented the American Gaming Association's Code of Conduct for Responsible Gaming at its gaming properties. The Company has been honored with numerous awards and recognitions for its industry-leading Diversity Initiative, its community philanthropy programs and the Company's commitment to sustainable development and operations. For more information about the company, visit www.mgmresorts.com
SOURCE MGM Resorts International
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