MGM Resorts International Named Finalist for Prestigious U.S. Chamber Foundation Corporate Citizenship Award
LAS VEGAS, August 13, 2015 /3BL Media/ — MGM Resorts International (NYSE: MGM) has been recognized by the U.S. Chamber of Commerce Foundation for its innovative sustainability initiatives and commitment to alternative energy sources.
The company has been named a finalist for Best Environmental Stewardship Program in the 2015 Corporate Citizenship Awards.
“MGM Resorts International’s sustainability initiatives create a lasting positive impact for the environment while strengthening the company,” said Marc DeCourcey, Vice President of the U.S. Chamber of Commerce Foundation Corporate Citizenship Center. “The scale of what MGM accomplished is truly impressive.”
In 2014, MGM Resorts reached a major milestone in its commitment to environmental best practices. The company partnered with NRG Renew LLC, a wholly owned subsidiary of NRG Energy, Inc. (NYSE:NRG), the country’s largest independent power producers, to install a 6.4 MWdc (MW) solar photovoltaic (PV) array on the rooftop of the Mandalay Bay Convention Center, spanning 20 acres. This was the first project of its kind in Las Vegas, paving the way for large solar installations across the hospitality industry.
“It’s an honor to be named a finalist in this category, as we strive to be good stewards of the environment. As a company, we have a responsibility to help conserve our planet’s natural resources,” said Cindy Ortega, Senior Vice President and Chief Sustainability Officer. “We are proud to have partnered with NRG Renew on a project that will have far-reaching effects on our company, Las Vegas and the hospitality industry.”
“We were proud to partner with MGM Resorts when the opportunity for this array came about, and it’s been exciting to be a part of MGM’s leadership in its industry,” said Tom Doyle, President and CEO of NRG Renew. “The recognition this project and our companies are receiving from the U.S. Chamber of Commerce Foundation validates NRG Renew and MGM’s commitment to a clean energy future.”
Through the use of the solar array, MGM Resorts is able to remove 6,300 metric tons of carbon dioxide from the atmosphere, the equivalent to taking 1,300 cars off the road annually.
A 350,000 square-foot expansion of the Mandalay Bay Convention Center will be completed in Fall 2015. It will incorporate an additional rooftop solar PV array, further stretching what is already the largest convention center solar array in the world. Upon completion, the added portion of the array will generate approximately 1.9 MW with an approximate annual production of 3.4M kilowatt hours. The combined array will generate enough electricity to power the equivalent of 1,300 homes.
The 2015 Citizens Awards encompass eight categories that honor corporate citizenship best practices. The Best Environmental Stewardship Program category is for companies that exemplify the ability of the business sector to engage effectively in communities to better the environment. These companies have proven that the business sector has the ability and the desire to create impact.
The winners of the 2015 Citizens Awards will be selected by a committee of corporate peers and field experts and announced on Oct. 6 at a ceremony in Washington, D.C. Learn more about the 2015 Citizens Awards program here.
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MGM Resorts International (NYSE: MGM) is one of the world's leading global hospitality companies, operating a portfolio of destination resort brands including Bellagio, MGM Grand, Mandalay Bay and The Mirage. The Company is in the process of developing MGM National Harbor in Maryland and MGM Springfield in Massachusetts. The Company also owns 51 percent of MGM China Holdings Limited, which owns the MGM Macau resort and casino and is developing a gaming resort in Cotai, and 50 percent of CityCenter in Las Vegas, which features ARIA Resort & Casino. For more information about MGM Resorts International, visit the Company's website at www.mgmresorts.com.
About the U.S. Chamber of Commerce Foundation
The U.S. Chamber of Commerce Foundation is dedicated to strengthening America’s long-term competitiveness and educating the public on how the free enterprise system improves society and the economy. The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.
About NRG Renew
NRG Renew, a subsidiary of NRG Energy, Inc., owns or has partial investment in more than 150 renewable energy projects totaling approximately 4,500 gross MWac of solar and wind capacity in operation throughout North America. More information is available at http://www.nrg.com/renew.