Gets straight to the point
MGM Resorts International was acknowledged as a member of the esteemed financial volunteer A-List for its exceptional proficiency in water safety and climate change business transparency and initiatives, as recognized by the CDP (formerly known as the Carbon Disclosure Project).
A significant portion of the earnings generated by sports betting in Colorado is allocated towards the Colorado Water Plan, which is primarily managed by MGM overseeing the BetMGM sports betting operations in the state.
According to Jyoti Chopra, the Principal Officer of People, Participation, and Sustainability at MGM Resorts, she mentioned:
The recognition from CDP validates our ongoing commitment to sustainable practices throughout our supply chain and business operations. We are dedicated to fostering a culture of responsibility and are unwavering in our efforts to prioritize water management and combat climate change.
MGM Resorts was among the 57 companies that achieved a double-A position in the CDP rankings.
How does one become a CDP A-Lister?
Questionnaires will be provided by companies, and their information will be used to generate a score. The CDP evaluates businesses on a scale from A to D by conducting surveys on water safety and climate change.
Businesses receive a penalty in the form of a Fluorine if they fail to disclose sufficient information or give it away.
More than 15,000 organizations were received by the CDP in 2022, where scores are based on the economic leadership of companies, along with their environmental risk management, disclosure, and awareness.
Dexter Galvin, the World Director of Businesses and Supply Chains at the CDP, stated:
As per & , establishing economic accountability stands as the initial crucial measure towards achieving a net-zero and environmentally sustainable future. In a year marked by escalating global environmental concerns, encompassing severe weather events and unprecedented ecological losses, the urgency for a revolutionary, sincere, and collaborative transformation is greater than ever before.
We hope that businesses on the A-List and those aiming to be on it, follow suit as CDP continues to raise the standards for societal, environmental, and water management.
Colorado Water Plan and playing on sports
One of Colorado’s bettors at BetMGM Colorado plays a role in financing the Colorado Water Plan through the contribution of funds. This program is sustained by a 10% tax levied on profits generated from sports betting. Its primary purpose is to promote various initiatives, such as raising awareness and ensuring long-term safety in Colorado.
Proposition DD, which was approved in November 2019, legalized sports betting. The measure, known as the Legalize Sports Betting with Tax Revenue for Water Projects Measure, was established to allocate the tax revenue generated from sports bets.
The Colorado Water Plan saw a significant boost in funding in 2022, with over $11 million being distributed, marking a 43 percent increase compared to the previous year. Looking ahead to 2025, the plan aims to achieve flourishing watersheds, prosperous agriculture, thriving communities, and resilient state planning.
Documents that are related
