Download GRI Disclosure
|GRI Disclosure Number||Disclosure Title||Disclosure Statement|
|GRI 102-1||Name of the organization||Wynn Resorts, Limited ("Wynn Resorts", or together with its subsidiaries, "we" or the "Company")|
|GRI 102-2||Activities, brands, products, and services||
Wynn Resorts 10K: Item 1 - Business, p. 69;
Wynn Resorts website
|GRI 102-3||Location of headquarters||3131 Las Vegas Boulevard South, Las Vegas, Nevada, United States|
|GRI 102-4||Location of operations||Wynn Resorts 2020 ESG Report: Property Descriptions, p. 10;|
|GRI 102-5||Ownership and legal form||
Wynn Resorts is a publicly traded company incorporated in the United States.
Wynn Resorts Articles of Incorporation
|GRI 102-6||Markets served||Wynn Resorts 10-K: Item 1 - Business, p. 6;|
|GRI 102-7||Scale of the organization||Wynn Resorts 10-K: Item 1 - Business (Human Capital), p. 16; Notes to Consolidated Financial Statements, p. 69; Consolidated Balance Sheets, p. 64; Note 20 - Segment Information, p. 107;|
|GRI 102-8||Information on employees and other workers||
Wynn Resorts 2020 Employee Contracts
Our workforce numbers in 2020 reflect the changes to our operations coming from the business closures during the onset of the COVID-19 pandemic. We reopened operations with a focus on retaining as many employees as possible.
|GRI 102-9||Supply Chain||
Supply Chain Policy
Wynn Resorts recognizes the vital contributions of Minority-owned and Women-owned Business Enterprises (MWBEs) to the economies of the nation, the state, and the community, as well as our Company. Our supplier diversity policy objectives are:
|GRI 102-10||Significant changes to the organization and its supply chain||Wynn Resorts 10-K: Item 1A - Risk Factors, p. 19;|
|GRI 102-11||Precautionary Principle or approach||Wynn Resorts 10-K: Item 1A - Risk Factors, p. 19;|
|GRI 102-12||External initiatives||
American Gaming Association - Code of Conduct for Responsible Gaming
|GRI 102-14||Statement from senior decision-maker||Wynn Resorts 2020 ESG Report: A Message from Matt Maddox, CEO, p. 4;|
|GRI 102-15||Key impacts, risks, and opportunities||
Wynn Resorts 10-K: Item 1A - Risk Factors, p. 17;
Wynn Resorts Proxy Statement: Board Role in Risk Oversight, p. 14;
Wynn Resorts 2020 ESG Report: A Message from Matt Maddox, CEO, p. 4;
|GRI 102-16||Values, principles, standards, and norms of behavior||Wynn Resorts Code of Business Conduct and Ethics|
|GRI 102-17||Mechanisms for advice and concerns about ethics||
Wynn Resorts Proxy Statement: Board Communication and Engagement, p. 15;
Wynn Resorts Code of Business Conduct and Ethics
|GRI 102-18||Governance structure||Wynn Resorts Proxy Statement: Director Biographies and Board Committees, p. 3 and 10;|
|GRI 102-19||Delegating authority||Wynn Resorts Proxy Statement: Board Committees, p. 10;|
|GRI 102-20||Executive-level responsibility for economic, environmental, and social topics||Our Board of Directors directly supports our sustainability initiatives by prioritizing ESG goals to drive long-term corporate value. The Board committed to continuing its investment in each of these (environmental, social, governance) areas and adopted certain Sustainability Accounting Standards Board ("SASB") metrics to measure our progress in meeting our ESG goals.|
|GRI 102-22||Composition of the highest governance body and its committees||Wynn Resorts Proxy Statement: Board Committees, p. 10;|
|GRI 102-23||Chair of the highest governance body||Wynn Resorts Proxy Statement: Board Biographies, p. 3;|
|GRI 102-24||Nominating and selecting the highest governance body||Wynn Resorts Proxy Statement: Nominating and Corporate Governance Committee, p. 12;|
|GRI 102-25||Conflicts of interest||
Wynn Resorts Code of Business Conduct and Ethics
Wynn Resorts Proxy Statement: Nominating and Corporate Governance Committee, p. 12;
|GRI 102-26||Role of highest governance body in setting purpose, values, and strategy||Wynn Resorts Corporate Governance Guidelines|
|GRI 102-28||Evaluating the highest governance body's performance||Wynn Resorts Proxy Statement: Nominating and Corporate Governance Committee, p. 12;|
|GRI 102-29||Identifying and managing economic, environmental, and social impacts||Wynn Resorts Proxy Statement: Board Role in Risk Oversight, p. 14;|
|GRI 102-30||Effectiveness of risk management processes||Wynn Resorts Proxy Statement: Nominating and Corporate Governance Committee, p. 12;|
|GRI 102-31||Review of economic, environmental, and social topics||Wynn Resorts Proxy Statement: Nominating and Corporate Governance Committee, p. 12;|
|GRI 102-32||Highest governance body’s role in sustainability reporting||Wynn Resorts 2020 ESG Report has been reviewed by Wynn Resorts’ CEO.|
|GRI 102-33||Communicating critical concerns||
Wynn Resorts Code of Business Conduct and Ethics
Wynn Resorts Proxy Statement: Board Communication and Engagement, p. 15;
|GRI 102-35||Remuneration policies||
Wynn Resorts Proxy Statement: Compensation Discussion and Analysis, p. 34;
Wynn Resorts 10-K: Item 11 - Executive Compensation, p. 113;
|GRI 102-36||Process for determining remuneration||Wynn Resorts Proxy Statement: Compensation Committee, p. 11; How We Approach Executive Compensation, p. 39;|
|GRI 102-41||Collective bargaining agreements||
Percentage of Wynn Resorts Employees in Collective Bargaining Agreements
|GRI 102-42||Identifying and selecting stakeholders||Wynn Resorts Proxy Statement: Board Communication and Engagement, p. 15;|
|GRI 102-45||Entities included in the consolidated financial statements||Wynn Resorts 10-K: Note 2 - Basis of Presentation and Significant Accounting Policies, p. 71; Exhibit 21.1 - Subsidiaries of Wynn Resorts, Limited, p. 115;|
|GRI 102-50||Reporting period||The Wynn Resorts 2020 ESG Report presents information focused primarily on activities spanning the 2020 calendar year, except where otherwise indicated.|
|GRI 102-51||Date of most recent report||The 2019 ESG Report was published in June 2020.|
|GRI 102-52||Reporting cycle||Wynn Resorts follows an annual reporting cycle.|
|GRI 102-53||Contact point for questions regarding the report||Erik Hansen, Chief Sustainability Officer|
|GRI 102-54||Claims of reporting in accordance with the GRI Standards||
The 2020 ESG Report has been prepared as GRI Referenced.
This material references the 2016 GRI Standards, with the exception of topic-specific standards for Water and Effluents (2018), Occupational Health and Safety (2018), and Waste (2020).
|GRI 102-55||GRI content index||Wynn Resorts 2020 ESG Report: GRI Index, p. 63;|
|GRI 201-1||Direct economic value generated and distributed||Wynn Resorts 10-K: Item 8 - Financial Statements and Supplementary Data, p. 59;|
|GRI 201-3||Defined benefit plan obligations and other retirement plans||Wynn Resorts 10-K: Note 10 - Benefit Plans, p. 89;|
|GRI 203-1||Infrastructure investments and services supported||
Wynn Resorts 10-K: Note 10 - Benefit Plans, p. 89;
Community Impact Statement
Wynn Resorts and the Wynn Employee Foundation have proudly maintained several partnerships over multiple years. Organizations that the Company has served year after year include The Shade Tree of Las Vegas, a shelter and service provider for women and children in crisis; SHARE Village (formerly Veterans Village), a housing and social service provider for Veterans experiencing homelessness; and Dean Petersen Elementary School, a school serving one of the poorest neighborhoods in Las Vegas, with 100% of students qualifying for free and reduced lunch.
One of the major themes of corporate philanthropy at Wynn has been assisting individuals and families experiencing crisis. Our communities never experienced a crisis as pronounced or widespread as in 2020. Our objective remains the same: provide immediate relief that brings short-term improvement in individuals’ lives – with an eye toward moving families from crisis to stability over time.
The Company publicly discloses its volunteerism and community donations annually in the ESG Report and Proxy Filing. In recent years, the Company and its Foundation ramped up efforts to quantify and publicly disclose the social impacts experienced through the financial and in-kind support given. To support this effort, the Company requires grant recipients to report back on measurable metrics of the outcomes of their grants. The Company has taken appropriate opportunities to publicize its work in the community and allowed community partners to share the positive results from Wynn’s engagement with their results from Wynn’s engagement with their stakeholders.
|GRI 205-2||Communication and training about anticorruption policies and procedures||
Wynn Resorts Code of Business Conduct and Ethics.
We are committed to operating in accordance with the highest ethical standards. Our commitment to conducting business ethically starts with our Board and our Independent Compliance Committee, who oversee and promote compliance with our Code of Business Conduct and Ethics, our Compliance Plan and our Anti-Corruption Policy.
Our Anti-Corruption Policy, which applies to Wynn Resorts and all our affiliates and subsidiaries, ensures our business practices fully comply with applicable anti-corruption laws. All our employees must immediately report actual or potential violations of our policy or Anti-Corruption Laws, whether by Wynn employees or third parties, to our Chief Global Compliance Officer. The Compliance Officer, who reports to the independent Compliance Committee, is responsible for the Company’s compliance with the Anti-Corruption Policy.
As part of our commitment to ethics, we require all Senior Leadership, Board Members, and Executives to receive biannual training on our anti-corruption policies. Additionally, all new employees are required to acknowledge understanding the Company’s Code of Business Conduct and Ethics.
Our Code of Business Conduct and Ethics provides that political contributions (either directly or through our political action committee) may only be made with the review and approval of our Global Chief Compliance Officer. Proposed political contributions are subject to an internal control process, designed to confirm compliance with all applicable laws, including contribution limits, and to confirm that all political contributions are to promote our business interests. The Company’s Government Affairs Department provides a quarterly report to the Compliance Officer summarizing all political contributions made by the Company in the prior quarter. For more information, please see our Political Contributions Policy.
|GRI 206-1||Legal actions for anti-competitive behavior, anti-trust, and monopoly practices||Wynn Resorts 10-K: Note 17 - Commitments and Contingencies, p. 103;|
|GRI 302-1||Energy consumption within the organization||
Wynn North America Power Consumption by Energy Type
1Total 2020 electricity consumption for Wynn North America included both Wynn Las Vegas and Encore Boston Harbor.
2The Wynn Solar Facility took an unscheduled maintenance outage in 2020, resulting in decreased annual output.
Wynn Macau Limited Power Consumption by Property
|GRI 302-3||Energy intensity||
Wynn Resorts Energy Use Intensity
|GRI 303-1||Interactions with water as a shared resource||
Regional Water Stress:
The availability of water as a resource varies among the regions of our resort operations. We assess water risk using the World Resource Institute Water Stress Map. In regions where an increased level of risk is identified, we prioritize specialized measures to responsibly allocate our water use by investing in water-smart facility machinery, integrating weather monitoring, expanding water recycling opportunities, and reducing external water intake.
Wynn Resorts Regional Water Risk Assessment 2020:
Management of Water:
Wynn Resorts is taking steps to monitor and reduce our water usage. Our programs include investing in smart technologies, monitoring water use on a functional basis, aligning best practices among each of our resorts, and investing in equipment for water use intensity. At all our resorts, we take steps to utilize technology that uses water more efficiently. We collect soil moisture measurements daily with a digital moisture meter, which feeds into a smart meteorological system that disperses water based on precipitation, temperature, and other specific weather conditions. Evaporation and runoff are also minimized through our precise drip irrigation systems. We continue to look for new opportunities to use water more intensely, and report our water use annually in this report.
|GRI 303-5||Water Consumption||
Wynn Resorts Water Consumption (Gallons x 1,000)
Direct (Scope 1) GHG emissions
Energy indirect (Scope 2) GHG emissions
We use the Environmental Protection Agency’s 2020 Emission Factors for Greenhouse Gas Inventories. The calculation methodology uses 100-year GWP from the Intergovernmental Panel on Climate Change’s Fourth Assessment Report.
2020 Wynn Resorts Carbon Dioxide Emissions By Scope
Wynn Resorts uses the Environmental Protection Agency’s definition of Scope 1 Emissions: Direct emissions from sources owned or controlled by the Agency.
Wynn Resorts uses the Environmental Protection Agency’s definition of Scope 2 Emissions: Emissions that result from the generation of electricity, heat, or steam purchased by the Agency from a Utility provider.
|GRI 305-4||GHG emissions intensity||
2020 Wynn Resorts Carbon Dioxide Emissions Intensity
Our CO2 Emissions Intensity Ratio includes Scope 1 and 2 Emissions and is calculated using operation area as a denominator.
|GRI 306-2||Management of significant waste-related impacts||
Waste reported is compiled with data from the contracted waste management and hauling vendors at our properties. At Wynn Las Vegas, our waste reports are managed by our waste management vendor, which undergoes an internal audit quarterly. For more information on our circularity measures, upstream and downstream activities in 2020 to manage our impacts from waste generated, visit our story Waste Management Programs on p. 52.
|GRI 306-3||Waste generated||
Wynn Resorts 2020 ESG Report: Wynn North America Environmental Data p. 51;
2020 Wynn North America Waste and Diversion (Tons)
Soap Recycled at Wynn Resorts with Clean the World (lbs)
|GRI 306-4||Waste diverted from disposal|
|GRI 306-5||Waste directed to disposal|
|GR 401-1||New employee hires and employee turnover||Wynn Resorts Turnover Rate
|GRI 401-2||Benefits provided to fulltime employees that are not provided to temporary or part-time employees||Wynn Resorts Proxy Statement: Employee Benefits, p. 23;|
|GRI 403-9||Work-related injuries||
Wynn Las Vegas OSHA Employee Injury
Encore Boston Harbor OSHA Employee Injury
Wynn operations utilize a Workplace Safety Program that manages the safety and health of all employees and guests at our property. This program includes extensive mandatory employee safety training, hazard identification and control, accident reporting and corrective action, accident prevention, and employee committee programs to educate on safe workplace practices. This program was built on the values and practices included in the OHSAS 18001 standard.
To uphold employee and guest safety, Wynn commits to:
|GRI 404-1||Average hours of training per year per employee||
In 2020, Wynn Resorts employees received 50,153 hours of leadership training.
2020 Wynn North America Employee Hours of Training on Re-Opening Health and Safety Procedures
Wynn Resorts 2020 ESG Report: Planning a Safe and Successful Reopening, p. 20; Supporting Employees Back at Work, p. 23; Supporting Employee Wellness in Tough Times, p. 26; K9 and Animal Welfare, p. 30; Wynn North America Workforce Highlights, p. 32; Preventing Human Trafficking, p. 42;
|GRI 404-2||Programs for upgrading employee skills and transition assistance programs||Wynn Resorts 2020 ESG Report: Supporting Employees Back at Work, p. 23; Supporting Employee Wellness in Tough Times, p. 26; Unwavering Community Connections, p. 39;|
|GRI 405-1||Diversity of governance bodies and employees||
2020 Wynn Resorts Gender at Levels of Leadership
2020 Wynn Resorts Employee Age Distribution
2020 Wynn North America Ethnic Diversity at Levels of Leadership
|GRI 409-1||Operations and suppliers at significant risk for incidents of forced or compulsory labor||Wynn Resorts 2020 ESG Report: Preventing Human Trafficking, p. 42;|
|GRI 415-1||Political Contributions||
Our Code of Business Conduct and Ethics provides that political contributions (either directly or through our political action committee) may only be made with the review and approval of our Global Chief Compliance Officer (Compliance Officer). Proposed political contributions are subject to an internal control process, designed to confirm compliance with all applicable laws, including contribution limits, and to confirm that all political contributions are to promote our business interests. The Company’s Government Affairs Department provides a quarterly report to the Compliance Officer summarizing all political contributions made by the Company in the prior quarter. For more information, please see our Political Contributions Policy.
Wynn Resorts follows all applicable federal, state, and local laws and regulations related to disclosure of political contributions. The company also discloses on a quarterly basis certain political contributions on its Investor Relations website.
Like many organizations, Wynn Resorts will engage in lobbying efforts where appropriate. From time to time Wynn Resorts has worked with government relations firms and internal staff for lobbying in various jurisdictions. The company follows all relevant laws and regulations for registration and disclosure of its lobbying activities. The company is also a member of various trade associations which will often engage in lobbying activities.
Recent policy at the federal, state, and local level has focused on financial assistance for certain industries and businesses. While Wynn Resorts and the Trade Associations it is a member of have engaged in lobbying certain provisions of these policies, the company currently does not receive direct financial assistance from any government entity.
The only tax abatement or preferential tax treatment that the company receives stems from so-called “Green building credits” related to the properties that Wynn and its subsidiaries operate.
|GRI 418-1||Substantiated complaints concerning breaches of customer privacy and losses of customer data||
Information is one of our most valuable company assets, and protecting it from misuse, loss, or theft is a high priority at Wynn Resorts. Our policy on data protection is published on our website to inform customers of user consent, the purpose of data collection, minimization efforts, and access to correct or modify the information collected. We are committed to preserving the confidentiality, accuracy, and integrity of all forms of information used by the Company and maintained on behalf of customers. The Company also commits to collecting customer data only when it is necessary to complete business functions, ensuring data is never sold or released to any outside party.
The Company’s global operations are protected by a robust set of controls and safeguards to offset possible threats that could result in compromise, reputational damage, or financial loss. Wynn’s Information Security Program is a world-class program founded on principles and standards of ISO 270001 and NIST Cyber Security Framework. This program is strengthened by regular risk assessments and a variety of recurring audits to assess the program’s maturity and effectiveness. Targets and security objectives are met through structured departmental responsibilities, physical safeguards, technical safeguards, and incident management capabilities. We established this program to protect the information related to our operations, employees, guests, and business partners.
The Company’s goal is to protect information across all its forms, including electronic data, paper documents, and the spoken word. Our global workforce supports the Company’s data security goals throughout all operations. The Company requires annual information security education for all employees, to uphold data security policies, information management standards, and threat awareness. Additionally, Wynn’s Information Security specialists receive advanced training for their function and responsibilities of maintaining the Information Security Program. To date, there have been zero substantiated complaints of breaches resulting from a compromise of customer privacy or data.
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