Las Vegas Sands announced Wednesday it has again been named one of the “World’s Most Admired Companies” in Fortune‘s annual list of the most respected and reputable businesses. Sands’ 2022 appearance on the list is its sixth straight and ninth in the past decade.
Patrick Dumont, President and COO of Las Vegas Sands spoke about the company’s inclusion in Fortune’s list and said: “Our continued inclusion on this prestigious reputational benchmark speaks to the economic value, social benefit, environmental leadership and business acumen we bring to our communities and the hospitality industry as a whole. We are committed to delivering impact through corporate citizenship practices and programs that ensure sustainable business performance and help advance our Team Members, local business partners and host communities.”
Sands is a global developer and operator of Integrated Resorts. “Combining meeting and convention facilities with luxury hotel rooms and suites, gaming, expansive retail offerings and an array of entertainment offerings, Sands’ Integrated Resorts are premier attractions, drawing hundreds of thousands business and leisure visitors to its regions annually”, the company described.
Las Vegas Sands has again been named one of the “World’s Most Admired Companies” in Fortune’s annual list of the most respected and reputable businesses. Sands’ 2022 appearance on the list is its sixth straight and ninth in the past decade. Read more at https://t.co/gg2naMKy29 pic.twitter.com/Q8NMhDHQE1
— Las Vegas Sands (@LasVegasSands) February 2, 2022
The company spoke about its global corporate responsibility commitment as being “built on the pillars of People, Communities and Planet, which drives its focus on being the employer and partner of choice in its regions; helping maintain its communities’ strength as valuable places to live, work and visit; and diligently working to protect ecological health by reducing impact on the environment”.
Las Vegas Sands annually reports its goals, progress and accomplishments in these three areas, along with its practices around ethics and governance.
Sands’ designation on the Fortune “World’s Most Admired Companies” list follows the company’s recent recognition on the Newsweek 2022 America’s Most Responsible Companies list as well as the Dow Jones Sustainability World and North America Indices (DJSI). Sands was the only U.S.-based hospitality and gaming company recognized by both DJSI World and North America in 2021.
To determine the list, Fortune collaborated with partner Korn Ferry on a survey of corporate reputation that began with a universe of approximately 1,500 candidates: the 1,000 largest U.S. companies ranked by revenue, along with non-U.S. companies in Fortune’s Global 500 database that have revenues of $10 billion or more. The assortment was winnowed to the highest-revenue companies in each industry, a total of 640 in 28 countries. The top-rated companies were picked from that pool of 640; the executives who voted work at the companies in that group.
To determine the best-regarded companies in 52 industries, Korn Ferry asked executives, directors and analysts to rate enterprises in their own industry on nine criteria, from investment value and quality of management and products to social responsibility and ability to attract talent. Companies included on the World’s Most Admired list received scores ranking in the top half of their industry surveys.
