Caesars deals out cuts to emissions and energy use
Casino and hotel giant Caesars Entertainment has cut its greenhouse gas emissions (GHG) by 11% from 2007, surpassing its target of 10% by 2013.
Publishing its fourth Corporate Social Responsibility and Sustainability Report, the company says it achieved the target largely by completing 37 corporate efficiency projects, including lighting and Heating Ventilation and Air Conditioning (HVAC) upgrades.
The efficiency measures will deliver annual savings of around $2.5m (£1.5m) and almost 24 million kilowatt-hours (kWh) energy.
Since implementation, the measures have helped Caesars achieve a 1.4% reduction in absolute electricity and gas consumption in its operations during 2012, adding to an 8.5% absolute reduction from 2007.
Famous for owning Caesars, Flamingo and Grand Casinos in Las Vegas, the company says this is equivalent to savings of around 150 million kWh in energy each year, which is enough energy to power a community of over 30,000 people over this period.
To further reduce its GHG emissions, the company says it will “continue to consider” opportunities to increase the use of renewable fuels, such as vegetable oil from its kitchens as a source of bio-fuel.
Meanwhile, the company struggled last year to reduce its water consumption, recording a 3% increase in 2012.
However, it has achieved a 7% reduction in water consumption per air-conditioned square foot since 2008. The company states that it “has more to do” to achieve its 10% reduction by 2015 and overall 15% reduction by 2020.
Caesars CEO Gary Loveman said: “In a year in which the economy continued to face significant challenges, we worked to strengthen our foundation for sustainable growth”.
Loveman added that although the company has remained focused on improving its financial position, he was confident of meeting long-term environmental targets.
© Faversham House Ltd 2022 edie news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.