The report also lays out Melco Cyprus’ management strategy of specific social and environmental initiatives focusing on climate resilience, clean energy, sustainable sourcing of materials from local vendors, waste elimination and water management, among others.

 Lawrence Ho, CEO, Melco Resorts and Entertainment, said, “Melco has continued to rise beyond continuing pandemic challenges and in ways that have indeed accelerated our sustainability efforts in 2021. From colleagues to suppliers and partners, the company is strengthening its actions to collectively address longer-term critical issues, including societal health, climate change and innovation. We continue to be determined to emerge from this pivotal moment in time, not as we were before, but by being more deeply aware of the needs of the world around us, and more purposeful in how business can meet those needs.”

 The report also highlights Melco’s commitment to developing City of Dreams Mediterranean in accordance with the highest environmental standards. The integrated resort is the first development in Cyprus to achieve a BREEAM Excellent rating – the world’s leading sustainability assessment method for master planning projects, infrastructure and buildings – at its design stage. Melco is targeting the achievement of an overall ‘Excellent’ rating for City of Dreams Mediterranean upon completion.