LAS VEGAS, Nevada -- (PRESS RELEASE) -- MGM Resorts International (MGM) has been listed among Newsweek Magazine's 100 most environmentally responsible companies in the United States, making it the third highest-ranked company in the hospitality industry. MGM Resorts earned the 82nd spot on the list, up from 122 in 2012.
"Providing our guests with destinations that are mindful of their environmental impact and proactively driving change in business operations, goes hand-in-hand with our promise to deliver superior guest service," said Cindy Ortega, Chief Sustainability Office for MGM Resorts. "These results demonstrate that a greener business is a better business and we are a proud leader in implementing sustainable practices."
The Newsweek Green Rankings evaluate the world's largest publicly-traded companies using eight metrics that provide a transparent measurement of overall corporate environmental performance. The eight main factors considered included carbon, energy, water, waste, and the extent to which internal governance is geared towards sustainability.
"What we're seeing more and more is a direct link between corporate sustainability, reputation, and financial success," said Elijah Wolfson, senior editor at Newsweek. "Many of the world's largest public companies have begun to recognize that in order to be successful moving forward, they need to openly account for their environmental impact. The goal of Newsweek's Green Rankings is to add to and push for this type of accountability."
To assess companies on corporate reputation and environmental risks and litigation, Corporate Knights Capital partnered with RepRisk, the leading business intelligence provider on environmental, social and governance (ESG) risks. To view the full 2014 Newsweek Green Rankings List, visit: http://www.newsweek.com/green/americas-greenest-companies-2014.
Green Rankings were created in 2009. MGM Resorts moved from #174 overall in 2010 to #157 overall in 2011 to #122 overall in 2012.
MGM Resorts' sustainability initiative is part of its longstanding commitment to social responsibility.
The company has earned 15 Green Key Hotel rankings for its leadership in green business operations. Also, Green Key Global's Meetings Program has awarded the "5 Green Keys" rating to the meetings and convention spaces within Bellagio, ARIA, Vdara, Mandalay Bay and MGM Grand Las Vegas.
Additionally, MGM Resorts recently announced the expanded Convention Center at Mandalay Bay that will include a rooftop solar photovoltaic (PV) that is the largest convention center array in the world. The array will generate enough electricity to power the equivalent of 1,300 homes.
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