Melco Resorts And Entertainment
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 36 is higher than 67% 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 2023, Melco Resorts and Entertainment, headquartered in Hong Kong, reported total carbon emissions of approximately 392,000,000 kg CO2e. This figure includes 20,392,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 252,155,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, the company recorded 372,748,000 kg CO2e in Scope 3 emissions, which cover all other indirect emissions in the value chain. Comparatively, in 2022, Melco's emissions were about 377,625,000 kg CO2e in Scope 3, 17,142,000 kg CO2e in Scope 1, and 208,510,000 kg CO2e in Scope 2. This indicates a slight increase in Scope 3 emissions year-on-year, while Scope 1 and 2 emissions also saw increases. Melco Resorts and Entertainment has not publicly disclosed specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, Melco Resorts & Entertainment Limited, which is responsible for the overall sustainability strategy and performance metrics. The company has made strides in transparency by disclosing emissions across all three scopes, aligning with industry standards for climate reporting. However, without specific reduction targets or initiatives outlined, the effectiveness of their climate commitments remains unclear.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 16,011,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 250,972,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 00,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Melco Resorts And Entertainment is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
