Game Changers for Good: Light & Wonder Unveils Its 2023 Global Corporate Social Responsibility Report
23 Luglio 2024 - 10:05PM
Business Wire
Report showcases global initiatives and robust
roadmap for Light & Wonder as an industry leader on
Environmental, Social and Governance programs
Contributed $2.3 million in total donations,
contributions and sponsorships and volunteered approximately 16,000
hours to 289 charitable organizations
Light & Wonder, Inc. (NASDAQ and ASX: LNW) (together with
its subsidiaries “Light & Wonder,” “L&W” or the “Company”)
today released its 2023 Global Corporate Social Responsibility
(“CSR”) Report. The report details the Company’s progress and key
successes throughout the past year as well as its future goals for
the years ahead. Among the highlights are the major efforts of the
CSR program and brand, ‘Game Changers by Light & Wonder,’
across the six pillars: People, Community, Planet, Player, Supplier
Diversity and Corporate Governance, establishing an ESG Council,
doubling membership of our Employee Resource Groups (“ERGs”) and
reclaiming approximately $13 million worth of materials from
decommissioned gaming machines for refurbishment or recycling.
“Our drive to win as a team showed up in both our fantastic
financial results in 2023 and our efforts to pave the way for a
sustainable industry. We moved into an exciting new phase of our
ESG programs, where we continued to advance our initiatives and see
promising results,” said Matt Wilson, President and CEO of Light
& Wonder. “I couldn’t be prouder of the way our 6,000-plus team
members continued to play their part in helping us build a diverse
and welcoming business equipped for long-term success. This work is
a long-term endeavor, and I’m truly optimistic about our future
impact.”
Light & Wonder is committed to building on its strong Game
Changer foundations and will continue to invest in initiatives that
create long-term value for stakeholders, the industry, and the
communities it serves.
“At Light & Wonder, we’re 'changing the game' for our
people, our planet, our players and the communities where we live
and work,” said Tracy Skenandore, Vice President of Corporate
Social Responsibility. “The Game Changers program is our guiding
light and the way we hold ourselves accountable for driving
positive, lasting change.”
As the company advances on its CSR journey, Light & Wonder
is pleased to share significant progress across its five pillars.
Highlights from the report include:
- COMMUNITY: Philanthropy, Volunteerism and Community
Partnerships
- Donated $2.3 million in total donations, charitable
contributions and sponsorships of charity events and community
organizations and associations, and volunteered approximately
16,000 hours to 289 charitable organizations and community groups
worldwide through our Game Changer Volunteer Program.
- PEOPLE: Diversity, Equity and Inclusion
- Doubled membership and participation in Employee Resource
Groups, from 650 to 1,300.
- Hosted 26 ERG special events globally, including guest speakers
and community partners.
- Contributed approximately $200,000 in support of team members
through our Employee Assistance Fund and Week of Wishes
programs.
- Achieved 93% participation rate across all Business Units in
our Global Engagement Survey, up 11% from the prior year.
- PLANET: Environmental Sustainability and Sustainable
Operations
- Funded the planting of 5,000 trees through the Canopy Project
to assist with reforestation in countries impacted by natural
disaster.
- Donated to and supported the Great Global Cleanup during April
where more than 425 employees participated in community
cleanups.
- Reclaimed approximately $13 million in decommissioned gaming
machines, diverting valuable materials from landfills.
- PLAYER: Responsible Gaming, Player Protections and Industry
Stewardship
- Invested approximately $150,000 in support of Responsible
Gaming organizations and programs and actively sponsor more than 20
Responsible Gaming organizations and industry associations.
- Invested in systems such as Pre-Commitment software that
provides players a tool to personalize and better control their
gaming budget in more than 60 casinos across Australia, Canada, New
Zealand and the U.S.
- GOVERNANCE: Corporate Governance and Supply Chain
Management
- Launched the new ESG Council for global oversight and internal
infrastructure in support of our ESG efforts, as well as four ESG
Committees to support internal governance structure and
cross-functional collaboration.
- Successfully onboarded an additional 21 Certified Diverse
Employers.
- Invested more than $16 million in Tier 1 direct spend with
diverse business enterprises nationwide as well as $575,000 in Tier
2 indirect spend with diverse suppliers.
Looking ahead to 2024, Light & Wonder’s efforts include
implementing a centralized ESG data management platform and
continuing our internal evaluations of critical vendors, as well as
continuing to build an inclusive culture and promoting Responsible
Gaming.
The full report is available on the Light & Wonder
website.
For more information, visit lnw.com.
© 2024 Light & Wonder, Inc. or one of its subsidiaries. All
rights reserved.
About Light & Wonder, Inc.
Light & Wonder, Inc. is the leading cross-platform global
games company. Through our three unique, yet highly complementary
businesses, we deliver unforgettable experiences by combining the
exceptional talents of our 6,000+ member team, with a deep
understanding of our customers and players. We create immersive
content that forges lasting connections with players, wherever they
choose to engage. At Light & Wonder, it’s all about the games.
The Company is committed to the highest standards of integrity,
from promoting player responsibility to implementing sustainable
practices. To learn more visit www.lnw.com.
Forward-Looking Statements
In this press release, Light & Wonder makes "forward-looking
statements" within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995. Forward-looking statements can be
identified by words such as "will," "may," and "should." These
statements are based upon management's current expectations,
assumptions and estimates and are not guarantees of timing, future
results, or performance. Therefore, you should not rely on any of
these forward-looking statements as predictions of future events.
Actual results may differ materially from those contemplated in
these statements due to a variety of risks, uncertainties and other
factors, including those factors described in our filings with the
Securities and Exchange Commission (the “SEC”), including Light
& Wonder’s current reports on Form 8-K, quarterly reports on
Form 10-Q and its annual report on Form 10-K that was filed with
the SEC on February 27, 2024 (including under the headings
"Forward-Looking Statements" and "Risk Factors"). Forward-looking
statements speak only as of the date they are made and, except for
Light & Wonder’s ongoing obligations under the U.S. federal
securities laws, Light & Wonder undertakes no obligation to
publicly update any forward-looking statements whether as a result
of new information, future events or otherwise.
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