Melco Resorts & Entertainment Ltd

Common Name
Melco Resorts & Entertainment
Country
Hong Kong
Sector
Consumer Cyclical
Industry
Resorts & Casinos
Employees
21,784
Ticker
MLCO
Exchange
NASDAQ/NGS
Description
Melco Resorts & Entertainment Limited ADR represents shares in Melco Resorts & Entertainment Limited, a prominent developer, owner, and operator of casino gaming and entertainment resort facilities th...

Melco Resorts & Entertainment's GHG Emissions Data Preview

In 2023, Melco Resorts & Entertainment completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Melco Resorts & Entertainment has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Melco Resorts & Entertainment's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Melco Resorts & Entertainment amounted to 272,547 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Melco Resorts & Entertainment increased by 20.78%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Melco Resorts & Entertainment's Scope 1 Emissions Over Time

20182019202020212022202307.5 k15 k22.5 k30 ktCO2e+48%-45%-7%+15%+19%
  • Total Scope 1
  • Year-over-Year Change

What are Melco Resorts & Entertainment's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Melco Resorts & Entertainment were 20,392 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Melco Resorts & Entertainment reduced its Scope 1 emissions over time?

Since 2018, Melco Resorts & Entertainment's Scope 1 emissions have increased by 3.16%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Melco Resorts & Entertainment's Scope 1 emissions increased by 18.96%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Melco Resorts & Entertainment's Scope 2 emissions?

In 2023, Melco Resorts & Entertainment reported Scope 2 greenhouse gas (GHG) emissions of 252,155 tCOâ‚‚e using the location-based method.

Has Melco Resorts & Entertainment reduced its Scope 2 emissions over time?

Since 2018, Melco Resorts & Entertainment's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Melco Resorts & Entertainment 's emissions have plateaued with no significant change in its energy consumption footprint.

Compared to the previous year (2022), Melco Resorts & Entertainment's Scope 2 emissions (Location-Based) rose by 20.93% in 2023, suggesting that the company faced challenges in reducing emissions from purchased electricity and energy

What methodology does Melco Resorts & Entertainment use for Scope 2 reporting?

In 2023, Melco Resorts & Entertainment reported its Scope 2 emissions using the location-based method.

Melco Resorts & Entertainment's Scope 2 Emissions Over Time

201820192020202120222023070 k140 k210 k280 ktCO2e
  • Total Scope 2 Location-Based

Insights into Melco Resorts & Entertainment's Value Chain Emissions

In 2023, Melco Resorts & Entertainment reported 372,748 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Melco Resorts & Entertainment includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Melco Resorts & Entertainment's Scope 3 Emissions Over Time

20192020202120222023095 k190 k285 k380 ktCO2e-20%+35%+322%-1%
  • Total Scope 3
  • Year-over-Year Change

What are Melco Resorts & Entertainment's Scope 3 emissions?

In 2023, Melco Resorts & Entertainment reported total Scope 3 emissions of 372,748 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 88.13% of these emissions originated from upstream activities such as purchased goods and capital goods, while 11.87% came from downstream activities like product use, distribution, and end-of-life treatment.

Compared to the previous year (2022), Melco Resorts & Entertainment's Scope 3 emissions remained relatively stable, indicating that Melco Resorts & Entertainment 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Melco Resorts & Entertainment disclose?

In 2023, Melco Resorts & Entertainment reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Melco Resorts & Entertainment's Scope 3 emissions?

In 2023, the largest contributors to Melco Resorts & Entertainment's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 167,148 tCOâ‚‚e (44.84%)
  • Capital Goods (Cat. 2): 77,461 tCOâ‚‚e (20.78%)
  • Fuel- and Energy-Related Services (Cat. 3): 68,529 tCOâ‚‚e (18.38%)

Melco Resorts & Entertainment's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(44.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(18.4%)Capital Goods(Cat. 2)(20.8%)

Insights into Melco Resorts & Entertainment's Total Carbon Footprint

In 2023, Melco Resorts & Entertainment reported a total carbon footprint of 645,295 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.96% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Melco Resorts & Entertainment's total carbon footprint was Scope 3 emissions, accounting for 57.76% of the company's total carbon footprint, followed by Scope 2 emissions at 39.08%.