Macao Sustainability Leader Sustaincia Joins the Sands Cares Accelerator
Rhea-AI Summary
Las Vegas Sands (NYSE:LVS) and Sands China announced that Macao NGO Sustaincia has joined the three-year Sands Cares Accelerator program.
The partnership will support technology to convert bakery, rice and cooking-oil food waste into useful products, develop a community lab for food waste valorization, and foster local entrepreneurs and scientists in Macao.
Positive
- None.
Negative
- None.
News Market Reaction – LVS
In the May 14 session, LVS declined 1.31%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Las Vegas Sands and Sands China will support the organization in advancing technology to convert food waste into useful products during its three-year membership in the exclusive program.
The organization's strategic goal for its Sands Cares Accelerator membership is to perfect the use of advanced technology in converting food waste from bakery items, rice and cooking oil into useful products. Related to this goal, Sustaincia also will focus on establishing its community lab as a hub for technology innovation and research in food waste valorization, as well as leverage this circular framework to create opportunities for local entrepreneurs and scientists.
"Sands and Sands China are providing us with vital resources to realize our vision for improving food waste processes through advanced technology, while driving business and job prospects to further sustainable impact," Terence Lee, president of Sustaincia, said. "We believe the progress we make in our identified focus areas over the next three years in the Sands Cares Accelerator can have impact in
Sustaincia's approach centers on food waste valorization, the process of transforming discarded materials into valuable commodities, and establishing a vital, community-driven laboratory in
The laboratory acts as a collaborative hub, bringing together partners and members from diverse academic and industrial backgrounds, including co-founder Dr. Bashir Saidu and Collab researchers Rana Elromh and Bryan Lee, to tackle challenges of the circular economy. Through this model, Sustaincia is transforming food waste into valuable, commercially viable products, creating an entirely new and inclusive industry that proves that
Sustaincia is the second
During their three-year membership, members focus on building their capacity in a strategic area or enhancing a program offering. Sands serves as a catalyst and mentor for helping organizations achieve their goals via funding to support their identified focus area, facilitation to build and achieve plans, and guidance and consulting from the company.
"Beyond having a solid vision to improve food waste management in
Sustaincia is the second member of the Sands Cares Accelerator in Macao. Other global members have included The LGBTQ+ Center of
To learn more about the Sands Cares Accelerator, visit https://www.sands.com/responsibility/communities/#our-program-sands-cares.
About Sustaincia
Established in
About Sands (NYSE: LVS)
Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.
Sands' portfolio of properties includes Marina Bay Sands® in
Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Best-in-Class Indices for World and
View original content to download multimedia:https://www.prnewswire.com/news-releases/macao-sustainability-leader-sustaincia-joins-the-sands-cares-accelerator-302771909.html
SOURCE Las Vegas Sands Corp.
