{"id":29674,"date":"2022-05-09T07:31:26","date_gmt":"2022-05-09T10:31:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=29674"},"modified":"2026-04-23T08:54:41","modified_gmt":"2026-04-23T11:54:41","slug":"mbs-earns-platinum-certification-for-its-commitment-to-sustainable-events","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/mbs-earns-platinum-certification-for-its-commitment-to-sustainable-events","title":{"rendered":"MBS earns platinum certification for its commitment to sustainable events"},"content":{"rendered":"\n<p>The certification was granted by the Events Industry Council (EIC) Sustainable Event Standards for Venues.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Singapore.-\u00a0Marina Bay Sands\u00a0has announced that it has received a platinum certification from the Events Industry Council (EIC) Sustainable Event Standards for Venues<strong>\u00a0for its commitment to sustainable events and operations<\/strong>. According to the press release, Marina Bay Sands continues to be the highest-rated venue outside the United States. In 2020, the IR became the first venue to be awarded Gold.<\/p>\n\n\n\n<p>Factors like improving a comprehensive waste management plan, investing in energy saving initiatives, converting 98.5 per cent of its fleet of vehicles at the Convention Centre and fostering a culture of sustainability amongst employees, contributed to the decision to certify the venue\u2019s Platinum rating.<\/p>\n\n\n\n<p><strong>Sridhar Kandhadai<\/strong>, senior vice president, property management of Marina Bay Sands, said: \u201cMarina Bay Sands is honoured to have exceeded our previous Gold achievement with Platinum certification. As a responsible business operator, it is only natural for us to constantly seek new ways to reduce our environmental footprint and extend sustainable practices to event organisers.\u00a0<\/p>\n\n\n\n<p>&#8220;The recognition strengthens our resolve to become one of the most sustainable venues in the Asia Pacific, and we hope it sets the stage for organisers and delegates alike to create more purpose-driven events in the future.&#8221;<\/p>\n\n\n\n<p><strong>Amy Calvert<\/strong>, CEO of the Events Industry Council, said: \u201cOn behalf of the Events Industry Council, I would like to extend our warmest congratulations to Marina Bay Sands for achieving the Sustainable Event Standards for Venues Platinum certification. Sustainability is one of the most pressing issues for our global society.\u00a0<\/p>\n\n\n\n<p>&#8220;As an industry that has the ability to be a driver for meaningful change, we are delighted that organisations such as Marina Bay Sands are champions for action and are leading by example.\u201d&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">MBS hotel improvements should improve premium casino play, analysts say<\/h2>\n\n\n\n<p>Vitaly Umansky and Louis Li, analysts at Sanford C. Bernstein Ltd, have said that the hotel upgrade at&nbsp;<strong>Marina Bay Sands<\/strong>&nbsp;will benefit its casinos. The company plans to upgrade the number of hotel suites from 150 to 450 as part of&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/lvs-to-invest-us1bn-at-marina-bay-sands\" rel=\"noreferrer noopener\">a US$1bn renovation project<\/a>&nbsp;that will introduce a new suite product, although the overall number of rooms will be reduced.<\/p>\n\n\n\n<p>Analysts said: \u201cThe additional suites should improve premium casino play, but it will come at the expense of some leisure, free independent traveller, and group customers, as a higher percentage of rooms will go to casino customers.\u201d<\/p>\n\n\n\n<p>Sanford Bernstein said an increase in premium casino play should benefit Marina Bay Sands\u2019 performance because overall profits will be higher as the business mix changes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The certification was granted by the Events Industry Council (EIC) Sustainable Event Standards for Venues.<\/p>\n","protected":false},"author":176,"featured_media":18107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Marina Bay Sands (MBS) has achieved Platinum certification from the Events Industry Council for its sustainable event operations, reinforcing its commitment to ESG principles. Concurrently, analysts from Sanford C. Bernstein Ltd highlight that MBS's US$1bn hotel renovation, increasing premium suites, is strategically aimed at enhancing high-roller casino play and overall profitability, despite a reduction in total room count.","focusai_entities":"Marina Bay Sands, Events Industry Council, Sridhar Kandhadai, Amy Calvert, Sanford C. Bernstein Ltd, Vitaly Umansky, Louis Li","focusai_location":"Singapore, United States","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"ROI Premium Play","query":"What is the projected return on investment (ROI) for the US$1bn renovation, specifically in terms of incremental GGR and NGR from the increased premium casino play, and how does this impact the overall integrated resort's profitability metrics?"},{"label":"ESG Impact Assessment","query":"Beyond the EIC certification, what are Marina Bay Sands' long-term ESG targets, and how do these sustainability initiatives translate into tangible operational cost savings or enhanced brand value for the integrated resort?"}],"footnotes":""},"categories":[157,16333],"tags":[168],"class_list":["post-29674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-south-east-asia-news","tag-marina-bay-sands"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=29674"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29674\/revisions"}],"predecessor-version":[{"id":29698,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/29674\/revisions\/29698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/18107"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=29674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=29674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=29674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}