Caesars Entertainment Corporation has published its ninth annual corporate social responsibility (CSR) report, PEOPLE PLANET PLAY. The document highlights sustained progress against the company’s CSR goals in 2017 and the early half of 2018, and its continued commitment to its employees, suppliers and communities.
“The ninth annual report highlights Caesars Entertainment’s leadership in areas important to our company and society,” said Mark Frissora, president and CEO. “As we expand our presence internationally, we are finding that PEOPLE PLANET PLAY is a core driver of value and a differentiator in new markets. It demonstrates that we continue to make new and exciting commitments to further enhance the value we bring to our guests, team members and communities.”
PEOPLE PLANET PLAY is the company’s guiding CSR framework, encompassing plans, initiatives and programs to advance the way Caesars Entertainment and its affiliates make an increasingly positive impact in society.
In the PEOPLE segment of the report, Caesars talked about the introduction of new domestic partner benefits to team members, effective from 2019. The updated benefits widen the firm’s offering to new and current employees by enhancing the opportunities for same sex as well as opposite sex domestic partners. Benefits include medical, dental and vision plan options, short and long-term disability, life insurance and a selection of other voluntary benefits.
The report also shows that in the past five years, Caesars has generated $48bn in economic value benefiting employees (wages and benefits), suppliers (payment for goods and services), government bodies (taxes and licences) and communities (giving and volunteering), including $7.6bn in 2017. Caesars contributed three times more to its communities per dollar of revenue earned in 2017 than the average sized US corporation.
Turning to diversity, equity and inclusion, the document claims that Caesars continues to advance equity across all divisions of the enterprise. In 2017, the firm announced a goal to achieve gender equity in leadership roles by 2025. That year, 32 percent of managers were people of colour, four percentage points higher than the national average of 28 per cent.
On environmental issues (PLANET), the report revealed that Caesars committed to reducing absolute Scope 1 and 2 emissions by 30 per cent by 2025 and 95 per cent by 2050 from a 2011 baseline. The firm also set a Scope 3 target to have 60 per cent of suppliers commit to their own science-based targets by 2023. It noted: “With these goals, Caesars leads the gaming-entertainment industry and aligns with the small number of corporations around the world that have publicly committed to science-based targets.”
The report’s PLAY section focuses on responsible gaming. It stated: “In 2017, more than 52,500 employees took part in more than 71,000 hours of responsible gaming training. Caesars has set a target for 100 per cent of employees who receive responsible gaming training to say they feel empowered to proactively report responsible gaming concerns at Caesars by 2020.”