Boyd Gaming releases 2021 ESG report highlighting progress and focus on diversity, responsible gambling

Home » Boyd Gaming releases 2021 ESG report highlighting progress and focus on diversity, responsible gambling

Gaming and hospitality enterprise Boyd Gaming Company introduced Tuesday it has issued its 2021 Environmental, Social and Governance report, which highlights its progress in advancing key initiatives in these areas. 

“The tenets of ESG have lengthy been part of Boyd Gaming’s mission,” mentioned Keith Smith, President and Chief Govt Officer of Boyd Gaming. “Our newest ESG report offers a complete take a look at how our Firm is fulfilling our ongoing dedication to defending the atmosphere, treating our stakeholders with respect and integrity, and constantly appearing in the perfect pursuits of the communities we name house.”

The corporate has dedicated to decreasing its consumption of power and water, in a transfer to fight local weather change by decreasing its carbon footprint and minimizing the quantity of waste despatched to landfills. Continued reductions in power consumption, greenhouse gasoline emissions and water consumption have resulted in cumulative water financial savings of almost 1 billion gallons over the previous 4 years; whereas enhancements to the corporate’s waste diversion and recycling packages have resulted in a companywide waste diversion charge of almost 50% in 2021.

Boyd's Fremont On line casino in Las Vegas

With regards to society, the corporate claimed in its report back to attempt to be an employer of selection. “We’re proud to be an organization the place group members need to spend a profession,” the report reads. “We deal with each group member with dignity and respect, present honest wages and enticing advantages, guarantee security within the office and promote variety all through our workforce.” Moreover, nationwide philanthropic efforts have included a $1.4 million pandemic reduction marketing campaign that benefitted 16 separate communities throughout the nation.

Boyd says that, as a founding contributor to the Worldwide Heart for Accountable Gaming, the corporate is aware of the significance of selling accountable gaming all through its operations and offering in depth assist of non-profit organizations throughout the nation. “We’re dedicated to creating our communities higher locations”, the enterprise said.  

When it comes to communities, the corporate remarks its workforce displays variety in its composition. In 2021, 17% of Boyd’s staff had been Asian-People and Pacific Islanders, whereas African People represented 16% of the model’s workforce. 14% of the employees had been Hispanic or Latin American. 

Boyd explains it has promoted variety and inclusion with group member-led variety committees at every property, tasked with figuring out sensible methods to rejoice variety. The corporate additionally mandates variety consciousness coaching for all group members, together with full-time, part-time and on-call; and its buying packages have resulted in purchases from various distributors exceeding 10% for the third straight 12 months.

The corporate additionally said it’s strategically centered on recruiting and selling various group members, managers and executives, and has direct oversight of variety initiatives by its Board of Administrators, which receives a variety inclusion progress report at each Board assembly. 

“It’s vital for us to have optimistic function fashions in life to encourage us to turn out to be greater than we ever thought doable on our personal. By means of accountability, exhausting work, positivity, persistence and integrity above all, I hope to encourage different ladies at Boyd to attain greater than they ever thought doable,” Lori Nelson Senior Vice President, Monetary Operations and Reporting, said within the report.

In 2021, 9.2% of the corporate’s complete workforce was promoted, the place 46.6% had been ladies and 44.3% represented different minority group members. 

In the meantime, in terms of company governance, Boyd Gaming described its strategy as a dedication to “at all times doing the appropriate factor, even when it prices us enterprise.”

“Our long-standing dedication to integrity is on the coronary heart of our model and our tradition, and we’ll by no means compromise in terms of appearing with the best of ethics,” the report reads. “Throughout the nation, regulators know that Boyd Gaming may be counted on to comply with each the letter and the spirit of all relevant rules.”

“We’re proud to function with the utmost integrity, and to use this strategy to each side of our interactions with all stakeholders”, the corporate wrote. Additionally as a part of its coverage, group members are required to assessment and acknowledge the Firm’s Code of Enterprise Conduct and Ethics on an annual foundation

The report additionally highlights Boyd’s rules for efficient governance, that are based mostly on having separate co-executive chair and CEO roles on its Board. All its non-executive administrators are unbiased, and meet in govt classes at the very least 3 times a 12 months. It additionally has an unbiased Presiding Director, who chairs all govt classes.

We’re dedicated to constructing a various Board of Administrators, with 3 various administrators on our 9-member board, together with one in every of our Co-Govt Chairs,” the corporate wrote. “Our board receives common updates on our variety targets and initiatives, that are immediately overseen by one in every of our co-executive chairs.”

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