Boston, MA 06/10/2014 (wallstreetpr) – The Newsweek Magazine listed MGM Resorts International (NYSE:MGM) one among the 100 most environmentally responsible companies in the U.S. with this ranking, MGM became the third highest ranked hospitality-sector company. MGM Resorts were placed at the 82nd position, a jump from 122nd position in the year 2012.
Words Of Acknowledgement From The Chief Sustainability Office For MGM Resorts
The Chief Sustainability Office for MGM Resorts International (NYSE:MGM), Cindy Ortega said that it was their company’s responsibility to provide the guests with those destinations which also keep the environmental impact in mind, while proactively driving change in all the business operations. He added that the results from Newsweek Magazine demonstrates that greener business is a better kind of business and that MGM was a proud leader in the implementation of sustainable practices.
Metrics Used In Evaluation Of Green Rankings
The Newsweek Magazine, while evaluating the Green Rankings for the companies, keeps in mind eight main metrics. These metrics offer transparent measurement of the environmental performance of the corporate sector. The eight primary factors kept in mind while evaluation included energy, carbon, water, waste and also the extent of the involvement of internal governance of the company towards environmental sustainability. Green Rankings came into being in the year 2009. MGM Resorts International (NYSE:MGM) were ranked at #174 in the year 2010, #157 in 2011 and #122 in the year 2012.
Sustainability Initiative Of MGM Resorts
MGM Resorts International (NYSE:MGM) made environmental sustainability a part of its commitment towards social responsibility. The company earned 15 Green Key Hotel rankings in the forte of green business operations. It is worth noticing that the Green Key Global’s Meetings Program also awarded 5 Green Keys ratings to meetings as well as convention spaces within MGM Grand Las Vegas, Vdara, Mandalay Bay and Bellagio. MGM Resorts International (NYSE:MGM) Resorts also announced recently that its expanded convention center at the Mandalay Bay will have rooftop solar photovoltaic (PV). This would be the world’s largest convention center array, which would be able to generate electricity enough for 1,300 homes.