W Y N N M A C A U , L I M I T E D 2 0 2 3 S U S TA I N A B I L I T Y R E P O R T
(incorporated in the Cayman Islands with limited liability)
Stock Code: 1128
Table of Contents
Welcome to Wynn | 3 |
Our Approach to Sustainability | 15 |
Our People | 23 |
Our Communities | 38 |
Our Planet | 56 |
Our Governance | 77 |
2023 Performance Metrics | 95 |
Content Index | 100 |
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We welcome feedback and questions on this report
and encourage you to send them to our Sustainability team at sustainability@wynnpalace.com.
The English version shall prevail in case of any discrepancy or inconsistency between the English version and its Chinese translation.
Trademarks and service marks owned by Wynn Resorts Holdings, LLC are included throughout this report. All other trademarks are the property of their respective owners.
©2024 Wynn Resorts Holdings, LLC
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Welcome to
Wynn
3 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT
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A Message from Linda Chen
Achieving positive, lasting change is the work of many hands, all pulling together in the same direction and motivated by a shared purpose. Through such efforts, organizations are able to leave a legacy for the stakeholders and communities that they serve. At Wynn, we are proud of the results we have achieved and our contributions towards the various causes we supported this year.
Our contributions which support the community and our philanthropic efforts are led by the Wynn Care Foundation. Wynn Care Foundation focuses on six key areas: youth and education, entrepreneurship and innovation, cultural and sports industries, rural revitalization, underprivileged group support, and special medical and educational needs. Our ongoing efforts have helped nurture the community and support those in need, including through donations and sponsorships, with our most recent contribution
of MOP 10 million in support of earthquake relief in Gansu province in mainland China. Our Wynn team members are an integral part of the outreach that we do as part of the Wynn Care Foundation and we encourage volunteerism from all levels within our organization. The efforts within our community could not have been achieved without the support of the 3,800 Wynn Employee Volunteers who contributed over 12,600 hours of their time during the year to our various causes.
A key focus in 2023 has been to support Macau's ongoing diversification efforts and the local government's "1+4" diversification development strategy. Wynn accomplished numerous initiatives and activities this year as part of this diversification effort, including hosting sporting events, concerts, entertainment offerings, art exhibitions, community activations, along with many others. We are particularly proud of our efforts in support of community tourism, creating several activations, events and performances centered primarily within the Rua da Felicidade area. These efforts support our Macau community as we continue our efforts alongside the local government to diversify our economy and tourist offerings.
Wynn has also continued to strengthen our commercial relationships with local Macau enterprises. 80.6% of our total procurement is now being sourced from local suppliers. In order to ensure that local small and medium-sized enterprises (SMEs) benefit, Wynn featured eight back-of-house roadshows to introduce our team members to quality products from local SMEs, supporting upskilling SMEs through numerous training programs held during the year and hosting several business matching sessions to source more products from local SMEs.
Wynn has also made it a priority to invest in enhancing the vocational and technical skills of the local youth through hands-on training. Highlights include our efforts within the Wynn Food and Beverage Academy, which held 38 masterclasses for over 1,300 participants, including our team members, local university students, and the broader Macau community. Continuing our longstanding support for academic institutions, a donation of MOP 3 million also helped to extend our support for the Macau University of Science and Technology's 2023/2024 program to attract high-level scholars to the university and Macau.
4 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT | WELCOME TO WYNN |
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Our workforce also continues to reflect our deep roots in Macau, with 79.4% of our employees being local. Highlighting the strength of our culture for upskilling and the development of our employees, Wynn was recognized in 2023 with a number of awards, including the "BEST Award" by the Association for Talent Development. Wynn was the only enterprise within Hong Kong and Macau to receive this distinction in 2023, a reflection of the importance we place on nurturing and growing our internal team members.
Our optimism for the future in Macau is further reflected via our ongoing commitment to finding new ways to introduce sustainable initiatives in support of Macau's long-term sustainability goals. In 2023, Wynn became the first integrated resort to partner with a local SME to recycle our used playing cards, a significant milestone for the industry and for broader recycling efforts in Macau. Wynn also continues to focus on the energy efficiency and sustainable practices at our resorts through various efforts. In recognition of this, our hotels retained the Silver Certification from EarthCheck with Wynn becoming the only resort operator in Macau to have all its properties EarthCheck certified. In addition, for the second consecutive year, Wynn achieved a top 10 ranking in the 3rd Greater China Hotel Business Sustainability Index and top 20 in the 4th Greater Bay Area Business Sustainability Index, recognizing the Company's corporate social responsibility (CSR) values, CSR management and CSR practices.
We are optimistic that Wynn and Macau will continue to grow sustainably together in the years ahead. We look forward to expanding our efforts to support our local SMEs, develop our employees, better our community, and continue the path towards a greener environment in Macau for future generations.
Linda Chen
President, Vice Chairman and Executive Director
Wynn Macau, Limited
5 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT | WELCOME TO WYNN |
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2023 Highlights
Empowering Employees
WE EMPLOY | 128,000+ |
11,484 | TRAINING HOURS |
team members on average | PROVIDED |
in 2023 at Wynn | |
32.1%
of our original Wynn Macau
team members from 2006 still
WORKED WITH US IN 2023
Fortifying Vibrant Communities
DONATIONS AND
SPONSORSHIPS OF
HK$74.3M
given to community groups and non-profit organizations
3,796
VOLUNTEER
PARTICIPANTS
CONTRIBUTED
12,629
HOURS OF
VOLUNTEER ACTIVITIES
80.6%
OF TOTAL PROCUREMENT
SPEND FROM
LOCAL MACAU SUPPLIERS
Our Planet
WASTE DIVERSION
INCREASED BY
17.5%*
NEARLY
48
METRIC TONS OF SOAP RECYCLED
through Clean the World Asia
since 2014
TOTAL GREENHOUSE
GAS (GHG)
EMISSIONS (t CO2e)
DECREASED BY
36.6%*
* Compared to 2019 (Pre-pandemic level)
6 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT
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Awards
24 FORBES TRAVEL GUIDE (FTG) FIVE-STAR AWARDS
Wynn Resorts has maintained its 24 FTG Five-Star Awards in 2023, more than any other independent hotel company in the world.
7 MICHELIN STARS AWARDED TO 4 SIGNATURE RESTAURANTS
Wing Lei and Mizumi at Wynn Macau as well as Sichuan Moon at Wynn Palace each achieved two Michelin Stars. Wing Lei Palace retained its one Michelin star.
5 DIAMONDS FROM 2023 BLACK PEARL RESTAURANT GUIDE AWARDED TO 3 SIGNATURE RESTAURANTS
Wing Lei Palace and Mizumi once more earned "Two-Diamond Restaurant", with Wing Lei Palace earning two Diamonds for a fifth consecutive year; SW Steakhouse received the "One-Diamond Restaurant" honor once again.
ASSOCIATION FOR TALENT DEVELOPMENT (ATD) BEST AWARD
Wynn was awarded the "BEST Award" by the ATD, making it the only enterprise in Hong Kong and Macau, among global participants, to achieve this distinction in 2023.
THE HONG KONG INSTITUTE OF HUMAN RESOURCE MANAGEMENT HR EXCELLENCE AWARDS
Wynn was awarded the Excellent Award in Talent Management Award, the highest honor received in the Greater Bay Area (GBA) category and the Merit Award in Grand Award of Talent Management under the Organisational Category.
HONG KONG MANAGEMENT ASSOCIATION (HKMA) AWARD FOR EXCELLENCE IN TRAINING AND DEVELOPMENT
Wynn was the only company in Macau to receive the highly coveted HKMA "Award for Excellence in Training and Development - Bronze Award" and a "Certificate of Excellence in Career Development". Wynn now ranks among the Top 10 HKMA companies, showcasing the excellent results of our Management Development Program (MDP).
EARTHCHECK SILVER CERTIFICATION
Wynn retained our Silver Certification from EarthCheck, the world's leading scientific benchmarking, certification and advisory group. Wynn is the only resort operator in Macau to have all its properties EarthCheck certified.
TOP 10 IN THE GREATER CHINA HOTEL BUSINESS SUSTAINABILITY INDEX (HBSI) AND TOP 20 IN THE GREATER BAY AREA BUSINESS SUSTAINABILITY INDEX (GBABSI)
Wynn achieved a Top 10 ranking in the 3rd HBSI and Top 20 in the 4th GBABSI, recognizing the Company's CSR values, CSR management and CSR practices, as well as the Company's contributions to economic, social and environmental sustainability.
7 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT
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Welcome to Wynn Macau, Limited
Based out of Las Vegas, Nevada, Wynn Resorts, Limited (Wynn Resorts) is a developer and operator of integrated destination casino resorts. A majority-owned subsidiary of National Association of Securities Dealers Automatic Quotation System (NASDAQ) listed Wynn Resorts, Wynn Macau, Limited, is traded on the Main Board of The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange) in the Hong Kong Special Administrative Region of the People's Republic of China (Hong Kong) and is the owner and operator of two integrated resorts in the Macau Special Administrative Region of the People's Republic of China (Macau).
References to "Wynn", "us", "our" or "we" refer to Wynn Macau, Limited (the "Company") and its subsidiaries, or any of them, and the businesses carried on by such subsidiaries, except where the context makes it clear otherwise. References to "Wynn Macau" include "Encore at Wynn Macau".
Wynn Resorts has maintained its 24 FTG Five-Star Awards in 2023, more than any other independent hotel company in the world. Beyond Wynn Resorts' highly rated resorts in Las Vegas and Boston, our luxury properties, Wynn Macau and Wynn Palace, hold claim to 15 Forbes Five-Star Awards combined, making us the most decorated integrated resort brand in Asia.
*
*Wynn Resorts owns approximately 72% of the shares of the Company, and
the remaining approximately 28% are owned by public shareholders.
8 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT | WELCOME TO WYNN |
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Wynn Macau
Wynn Macau, which opened in September 2006, features two luxury hotel towers with a total of 1,010 guest rooms and suites, approximately 294,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 64,300 square feet of retail space, a performance lake, a rotunda show, and recreation and leisure facilities. Wynn Macau maintains its exclusive status as the only resort worldwide with eight Forbes Travel Guide Five-Star Awards.
1,010 | 294,000 | 14 | 31,000 |
guest rooms | square feet of | food and | square feet of meeting |
and suites | casino space | beverage outlets | and convention space |
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Wynn Palace
Wynn Palace, which opened in August 2016, features a luxury hotel tower with a total of 1,706 guest rooms, suites and villas, approximately 468,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of retail space, public attractions including a performance lake and floral art displays, and recreation and leisure facilities. Wynn Palace continues to have the most Forbes Travel Guide Five-Star restaurants of any individual resort in the world.
1,706 | 468,000 | 14 | 37,000 |
guest rooms, | square feet of | food and | square feet of meeting |
suites, and villas | casino space | beverage outlets | and convention space |
10 | WYNN MACAU, LIMITED 2023 SUSTAINABILITY REPORT
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Disclaimer
Wynn Macau Ltd. published this content on 26 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2024 15:00:45 UTC.