Las Vegas Sands : ESG Report 2023

Named to the Dow Jones Sustainability Indices (DJSI), including DJSI World for the fourth consecutive year and DJSI North America for the sixth consecutive year

Continued providing disclosures to CDP, the gold standard of environmental reporting, earning A- scores for both CDP Climate Change and Water Security

Included in the FTSE4Good Index Series, which recognizes companies demonstrating strong environmental, social and governance practices and performance

Recognized by Newsweek for the third consecutive year as one of America's Most Responsible Companies

Named one of Fortune's World's Most Admired Companies, marking the company's 10th appearance on the list

Ranked as one of the 100 Best Corporate Citizens by 3BL Media

C O N T E N T S

1. Message From Our Chairman
2. Who We Are
3. Value Creation
4. Our Strategy

1. Our Performance

1. Environment

1. Social

1. Governance

1. Panoramic View

1. Property Spotlight

1. Appendix

I am pleased to present our 2023 Environmental, Social and Governance (ESG) Report, outlining our key accomplishments and progress toward the ESG goals we set for our 2021-2025 reporting cycle.

This past year represented a turning point for our company in many ways. Our Asia properties

experienced more normal operating conditions as the pandemic's impact dissipated, and Sands China obtained a new concession in Macao. We were gratified to secure the new 10-year agreement and are enthusiastic about our plans to invest at least $4.5 billion in Macao through 2032. These investments reflect our continued commitment to further elevating Macao's appeal as a leading global tourism destination.

We also reached a major Macao reinvestment landmark during the year with the official opening of The Londoner Macao®, our luxurious London-themed destination. We anticipate that Sands China will have invested nearly $3 billion on The Londoner Macao at the conclusion of its development. At our Marina Bay Sands® property in Singapore, we completed a substantial amount of the $1 billion phase one renovation and refurbishment program that delivers redesigned rooms and incremental suites to the building, with a further $750 million phase two renovation announced early in 2024. In addition, development of our new Las Vegas corporate headquarters came to fruition with its opening in mid-2023.

As with all of our developments, our goal was to aim for the highest-possible sustainable operations, and we were subsequently awarded Leadership in Energy and Environmental Design (LEED) Gold Certification for the campus, which generated 604,000 kWh of renewable energy in 2023.

Our commitment to sustainable development and operations is reflected in the initiatives of our People, Communities and Planet pillars that make up our corporate responsibility platform. These pillars drive us toward being the employer and partner of choice in our regions; keeping our communities strong by making them great places to live, work and visit; and minimizing our environmental impact by being a leader in preserving natural resources and incorporating sustainable practices.

Representative of our positive impact, we were again recognized on the Dow Jones Sustainability Indices (DJSI), with placement on the DJSI World Index for the fourth consecutive year and the DJSI North America Index for the eighth time. In fact, Sands and Sands China were the only two companies in the casino and gaming category listed on DJSI World in 2023. We received additional ESG recognitions from ISS Prime and Newsweek as one of America's Most Responsible Companies.

This past year marked the midpoint in our 2021-2025 ESG reporting cycle, and we are pleased with our progress at this juncture, despite business conditions affecting performance in some areas during the early part of the cycle. We continue to aim high and make adjustments where needed.

Due to the effects of the pandemic in 2021-2022, we had performed well ahead of our intended 17.5% reduction target for scope 1 and 2 science- based greenhouse gas emissions under our Planet pillar during that time period. Although this year marked an increase in absolute emissions over 2022 due to the ongoing recovery in business operations, our overall emissions are down 50% from our 2018 baseline and in range of our 2025 target.

Under the People pillar, we set a target to invest $200 million in workforce development by 2025 and spent $68 million in 2023 for a cumulative total of $181 million to date, putting us on track to achieve this ambition. Having surpassed our Communities pillar target of contributing 150,000 Team Member volunteer hours in our regions by the end of 2022, we reset the goal in 2023 and are now aiming to reach 250,000 community service hours by 2025.

Beyond these overarching ambitions, we had many other accomplishments. In our quest to continually increase our environmental performance, we continued driving our food waste strategy to achieve our reduction goals. In Asia, Sands China launched two new sub-academies under our longstanding Sands Academy training program to support the development

of the local hospitality workforce, and we kicked off the Sands Hospitality Immersion Program in Las Vegas for students from historically Black colleges and universities.

While we celebrate the accomplishments and progress made through the midpoint in our reporting period, this juncture is also when we ensure our strategy and priorities are aligned with key stakeholders and the topics of greatest importance. In 2023, we refreshed our ESG materiality assessment and updated our process to result in a double materiality assessment. Assessment results, available on page 53, are reflected in modifications to the key topics we address in our corporate responsibility platform. Our refined strategy puts greater emphasis on the top issues identified through stakeholder engagement and materiality assessment.

As we move forward under this refined strategy, our sights are set on the actions we must take to achieve our core 2025 ambitions and other targets under our People, Communities and Planet pillars. We also are firmly committed and actively engaged in weaving our ESG initiatives into our new developments and businesses, all with a watchful eye on the evolving ESG reporting landscape so that we can maintain our commitment to transparency and ESG leadership.

ROBERT G. GOLDSTEIN

Chairman of the Board and Chief Executive Officer

Las Vegas Sands

W H O W E A R E

With a portfolio of iconic properties in renowned global travel destinations, we are the world's leading developer of integrated resorts. Our properties feature richly diverse and compelling offerings, including luxury accommodations, a wide array of entertainment attractions and state-of-the-art meeting and convention facilities.

The iconic Marina Bay Sands in Singapore and our resorts in the Macao Special Administrative Region of China attract millions of visitors annually to host regions, sustain thousands of jobs, provide financial opportunities for local businesses and invest significant resources in keeping communities strong.

O U R P U R P O S E

Create positive impact by attracting valuable leisure and business tourism, contributing economic benefits to our host communities and making our regions ideal places to live, work and visit

O U R M I S S I O N

Develop and operate iconic integrated resorts that drive leisure and business tourism through sustainable business practices

O U R VA LU ES

• Dedication to impeccable service
• Excellence in business performance
• Innovation by challenging conventional thinking in the hospitality industry
• Fairness, honesty and a strong code of ethics
• Sustainability for People, Communities and Planet

$10B

Consolidated net revenue

6

Integrated resorts

38,658

Team Members globally

Sq. ft. of meeting space

+200

Restaurants

5

Malls

+28,500

Entertainment seats

87%

Team Member retention rate

46%

Team Members with 10 years of service

$2B

Spending with SMEs and local business

$66M

Sustainable spending

$9M

Invested in energy efficiency projects

$3.1B

Gaming tax paid globally

$7.4M

Charitable giving

VA LU E C R E AT I O N

For more than 30 years, we have attracted valuable leisure and business travel to our host communities, generating significant economic benefit through tourism revenue, jobs and business opportunities for local suppliers and small and medium-sized enterprises (SME).

Our groundbreaking developments have challenged conventions in the hospitality industry to maximize our local markets as attractive destinations.

These contributions are further strengthened by a steadfast commitment to the pillars of our corporate responsibility strategy - helping our People thrive, keeping our Communities strong and protecting our Planet.

P L A N E T

We work to minimize our impact on the environment with a deep commitment to diligent stewardship of natural resources and preservation of local ecosystems.

P E O P L E

We create pathways to prosperity with stable jobs, roadmaps for advancement and opportunities for business success. We deliver value to our guests through amazing travel experiences, impeccable service and a welcome environment for all.

C O M M U N I T I E S

We help build a foundation for economic strength and vitality in our regions through philanthropic investments, capacity-building programs and volunteer resources.

O U R ST R AT EGY

Our corporate responsibility platform represents the unique approach we take in addressing the ESG issues most material to our business, communities and key stakeholders.

We are firmly dedicated to being an ESG leader, committed to our People, Communities and Planet, by executing on the strategies we have defined under each platform pillar.

E N V I R O N M E N T

Workforce

Development

Empower Team

Members, develop skill sets in the hospitality industry and provide pathways to growth

We protect the Planet by minimizing our environmental impact.

S O C I A L

We promote the well-being of our People by striving to be the employer and partner of choice in host regions.

We support our Communities with unwavering dedication to helping keep our regions strong.

G O V E R N A N C E

We commit to the highest standards of business conduct.

Low-Carbon Transition Advance energy efficiency and renewable solutions to address climate change

Waste

Promote reduction, reuse and

recycling of products and materials

Water Stewardship

Protect, conserve and reuse

water resources

Materials and Resources

Increase purchasing of sustainable

products and services

Corporate Culture

Act with integrity and meet our legal, fiscal and ESG responsibilities

Diversity, Equity and Inclusion

Create a collaborative,

equitable environment for all and opportunities for underrepresented groups

Supplier Advancement

Support small, HUBZone, local

and diverse businesses in

achieving success

Human Rights

Defend the fundamental rights

and freedoms of our Team

Members, suppliers and guests

Responsible Business Prevent illegal financial activity, protect privacy and maintain robust cybersecurity systems

G O V E R N A N C E

Commit to the highest standards of

business conduct

Responsible Gaming

Ensure safeguards to help guests make informed choices and access assistance

Supply Chain

Management

Uphold our ethical standards and ESG requirements with our business partners

Hardship Relief

Invest in solutions to create resiliency for people in need

Community Partner Advancement Build the capacity of nonprofits to increase their impact

Culture and Heritage

Preserve our regions' unique traditions and arts contributions and promote them on a global stage

Education

Advance learning and mentorship opportunities to remove barriers and build the workforce of the future

O U R P E R F O R M A N C E

As we pass the midpoint of our five-year reporting cycle, we mark the progress made toward our 2025 ambitions and targets.

At the close of 2022, we exceeded our 2025 target for Team Member volunteer hours and have set a new ambition to contribute 250,000 hours in support of our communities by 2025. In addition, our business began rebounding and moving toward pre-pandemic levels in 2023. Driven by this uptick, performance against some of our metrics slowed from the previous year when consumption levels were lower, as expected.

Even with this dynamic, we made solid progress toward our targets in 2023, compared to baseline levels set in the pre-pandemic economic environment of 2018 and 2019.

As we continue exploring sustainability practices to incorporate into our business, we also have set a new target

to source 100% cage-free eggs globally by 2028.

2025 P I L L A R A M B I T I O N S

P L A N E T

Absolute Emissions, Scope 1 and 2 (MT1 CO2e)

2025 Target: 17.5% in emissions from 2018

Workforce Development

2025 Target: $200M investment in workforce development

2025 Target:

$200M

C O M M U N I T I E S

Team Member Volunteer Service

2025 Target: 250,000 volunteer hours2

2025 Target:

250,000 hours

E N V I R O N M E N T

Waste Diversion

2025 Target: 5% in operational diversion rate from 2019

Water Use

2025 Target: 3% in potable water intensity (gal. per sq. ft.)

S O C I A L

Representation of Women in Management1

2025 Target: 45% representation of women

Representation of Women in Junior Management2

2025 Target: 47% representation of women

G O V E R N A N C E

2023 Board Representation3

8 board members

2 directors who are women (25%)

1 racially or ethnically diverse director (13%)

Spending with SMEs in Macao

Spending with Local Suppliers4

1. Includes assistant to senior managers, directors, vice presidents and above
2. Includes assistant manager to senior manager positions
3. Data is as of December 31, 2023. In 2024, a new director was appointed, and two directors resigned, resulting in one female director and two who are racially or ethnically diverse.

4 Local is defined by region as follows: Corporate - Nevada, Arizona, California and Utah; Singapore - Singapore; Macao - Macao.