Melco launches sustainability strategy "Above & Beyond"

MACAU, April 15, 2019 /PRNewswire/ -- Melco Resorts & Entertainment Limited releases its latest Sustainability Report for 2018 to further elevate Melco's commitment as a force for good across all its resorts globally. Being responsible and accountable to all its guests, colleagues and stakeholders has always been central to Melco's business philosophy. Melco is bringing together its social and environmental achievements and ambitions in a new strategy - "Above & Beyond". The report outlines ambitious goals, actionable targets and further enhances its disclosure around key environmental, social, and governance (ESG) issues that are critical to Melco's business.

Melco's latest sustainability strategy "Above and Beyond" focuses on meeting four key goals by 2030:

1. To achieve carbon neutral resorts with reduction targets across a range of emission sources;
2. To achieve zero waste across its resorts, eliminate problematic single-use plastics in daily operations and contribute to circular economy in Asia;
3. To be the employer of choice and create the best-in-class working environment for its employees, and to be the best partner to the community both in Macau and around the world; and
4. To inspire guests by seamlessly integrating sustainability in their experience and demonstrate a sustainable future is a better future.

The goals will be implemented across all of Melco's operations via measures related to environmental sustainability, responsible gaming, employee and community engagement as well as governance and ethics.

In the area of environmental sustainability, Melco is committed to carbon neutrality by 2030, a zero-waste approach adopted across its resorts, and sustainable sourcing for key procurement categories. In addition, Melco is taking a proactive approach towards responsible gaming through deploying cutting edge technology, comprehensive training programs and awareness raising programs for the wider community. To safeguard the welfare of employees, Melco upholds diversity and inclusion throughout the company, and its "Heart-of-House" services provide the best-in-class amenities including onsite medical clinics and healthy food options around the clock for its colleagues. To serve the community, Melco has been delivering projects to empower the local economy, local SMEs and local workers through close partnerships with NGOs, charities and community organizations. Moreover, Melco is committed to the highest standards of governance and ethical conduct and strives to exceed regulatory requirements to meet world-class corporate governance practices.

Mr. Lawrence Ho, Chairman and Chief Executive Officer of Melco Resorts & Entertainment said, "I believe that everyone has a role to play in tackling our society's major environmental and social challenges. This report captures Melco's vision for change and our commitment to embrace sustainability as both an engine for growth and a catalyst for change within our company and the industry. Since the beginning, Melco strives to be a game-changer in everything that we do. 'Above & Beyond' is our commitment to make our business sustainable for all those involved, and to deliver a more sustainable future to local communities in Macau, Manila, Cyprus and now in Japan."

Melco's sustainability report is available at:
https://www.melco-resorts.com/en/sustainability.html

About Melco Resorts & Entertainment Limited

The Company, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of casino gaming and entertainment casino resort facilities in Asia. The Company currently operates Altira Macau (www.altiramacau.com), a casino hotel located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated urban casino resort located in Cotai, Macau. Its business also includes the Mocha Clubs (www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City (www.studiocity-macau.com), a cinematically-themed integrated entertainment, retail and gaming resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila (www.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated resort in the Entertainment City complex in Manila. For more information about the Company, please visit www.melco-resorts.com.

The Company is strongly supported by its single largest shareholder, Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited and is substantially owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.