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Boyd Gaming : 2023 Corporate Social Responsibility Report (51 MB)

2023 CORPORATE SOCIAL RESPONSIBILITY REPORT A MESSAGE FROM OUR LEADERSHIP OUR COMMITMENT TO CORPORATE SOCIAL RESPONSIBILITY (CSR) Boyd's commitment to corporate social responsibility dates back to the founding of our Company nearly 50 years ago. From our first day, Boyd Co-Founders Sam and Bill Boyd set forth our Company's key principles: sharing our success with others, valuing our team members, and striving to make our communities better places because Boyd Gaming isa part of them. Much has changed at Boyd Gaming since our founding in 1975. We have grown from a single property in downtown Las Vegas into one of the nation's largest casino operators, with 28 properties across the country. But what has not changed is our long-standing commitment to the principles that Sam and Bill set forth almost 50 years ago, and our pledge to act with integrity in all that we do. Today, we fulfill this commitment through a philosophy we call Caring the Boyd Way, built upon four core pillars. WE FULFILL THIS COMMITMENT THROUGH FOUR CORE PILLARS: Environment Our environmental initiatives are aimed at supporting the global effort to mitigate climate change and environmental impacts in our communities. And we are making significant, steady progress, as we continue to successfully implement companywide programs to reduce our long-term energy consumption, water usage, carbon emissions, and waste materials sent to landfill. People Through our commitment to diversity, we seek to build a workforce that is as inclusive as the communities and the customers that we serve nationwide. Our workplace culture, our employee benefits and our commitment to paying a living wage all demonstrate the high value we place in our relationships with our team members. And through our long-standing commitment to responsible gaming, we seek to promote the responsible consumption of our entertainment product. Communities We actively invest in the vibrancy and well-being of our communities, contributing nearly $17 million to non-profit organizations across the country in 2023. Our team members also proudly share our commitment to philanthropy, generously donating their time and money to help charitable organizations fulfill their missions within our communities. Corporate Governance We hold ourselves to the highest standards of integrity in everything that we do as a Company. This starts in the board room and carries through to each of our properties, as we focus on oversight and accountability in everything that we do. Through our Anti-Corruption Policy, Code of Conduct, anti-money laundering protocols and data security measures, we have implemented the policies and procedures necessary to ensure that our commitment to integrity is consistently upheld throughout our business. On behalf of the entire Boyd team, we appreciate your interest in our Corporate Social Responsibility efforts, and we look forward to partnering with you as we support and strengthen our communities and our stakeholders. Marianne Johnson Keith Smith Executive Chairman President & Chief Executive Officer Marianne Johnson and Vincent Schwartz at Team Member of the Year Celebration at IP Biloxi TABLE OF CONTENTS Introduction. 1 Environment . 12 People . 28 Communities . 64 Corporate Governance . 82 Reporting Indexes. 92 Introduction | 2 Introduction | 3 OUR CULTURE ISREFLECTEDWITHIN FOURVALUES THAT WECALL BOYDSTYLE. Marianne Johnson and John Sou at Team Member of the Year Celebration at the California OUR UNIQUE CULTURE OUR MISSION STATEMENT We, as members of Boyd Gaming Corporation, operate with only the highest degree of integrity, and rely on the competence and friendliness of each person in our organization to provide entertainment and service to satisfy our customers' wants. Through teamwork, we strive to maximize shareholder value, to be among the leading companies in our industry, and to provide opportunities for all while we support and enhance our communities. OUR COMPANY'S VISION Boyd Gaming is one of the nation's leading casino entertainment companies. But we're so much more - amulti-billion-dollar company that seeks to retain the philosophy of a family-owned business, successfully generating long-term, sustainable growth for our shareholders. Since our founding nearly 50 years ago, Boyd Gaming has been committed to an operating style built around strong relationships with our customers, our team members and our communities. In our highly competitive industry, this "Boyd Style" brand of hospitality has come to define us in a unique way, even as we have grown into a nationwide company. We take pride in our history, but are not standing still. While we remain focused on offering exciting and compelling gaming experiences, we also seek to connect with our customers through enhanced amenities throughout our properties. Through targeted reinvestments in our hotel rooms, restaurants, entertainment venues and other amenities, we strive to make Boyd Gaming more relevant and compelling to our customers, existing and new, for years to come. Forging aheadin the coming years,we will remain focused on our strategic objectives: strengthening our operations, investing in future growth and maintaining our strong financial position. We remain confident in the ability ofour company to successfully meetwhatever challenges lie ahead. VALUE RELATIONSHIPS EXCEED EXPECTATIONS INTEGRITY WORK SMART Introduction | 4 Introduction | 5 T N E M N V I R O N ENVIRONMENT C E O M M U N I T I E S KEY INITIATIVES PE O P L E E E T A C OR A N R N P O R E C V O G T N E M N V I R O N PEOPLE C E O M M U N I T I E S KEY INITIATIVES PE O P L E E E T A C OR A N R N P O R E C V O G REDUCING OUR CARBON FOOTPRINT Reducing our greenhouse gas emissions helps mitigate climate impact, which helps reduce future negative impacts to our operations, customers, team members and communities. WATER CONSERVATION We strive to take a leadership role in conserving water, which ultimately helps protect the long-term viability of our communities and operations. WORKFORCE DIVERSITY Building a diverse and inclusive workforce contributes to our financial performance by helping us expand our customer base and strengthen customer loyalty. PROTECTING TEAM MEMBERSAND PROMOTING WORKPLACESAFETY Our workplace safety, anti-harassment and misconduct policies and programs enhance team member morale while protecting employees from workplace injuries or misconduct. WASTE DIVERSION Our companywide efforts to reduce, reuse and recycle waste materials benefit our communities by conserving limited natural resources, lowering demand on local landfills and reducing our carbon footprint. RESPONSIBLE GAMING As one of the leading gaming companies in the United States, we are committed to promoting responsible gaming and marketing throughout our operations while providing assistance to those who need help. Introduction | 6 Introduction | 7 T N E M N V I R O N COMMUNITIES C E O M M U N I T I E S PE O P L E E E T A C OR A N R N P O R E C V O G CORPORATE GOVERNANCE T N E M N V I R O N E C O M M U NITIES PE O P L E E E T A C OR A N R N P O R E C V O G KEY INITIATIVES KEY INITIATIVES CORPORATE PHILANTHROPY The non-profit organizations wesupport enhance the quality of life and address key needs in our communities, benefiting our stakeholders and contributing to stronger local and regional economies. TEAM MEMBERGIVING AND VOLUNTEERISM Our company provides opportunities for our team members to contribute to thewell-being of their communities through our workplace giving program and volunteer activities. INTEGRITY Promoting integrity encourages long-term investment in our company while protecting our privileged gaming licenses across the country. OVERSIGHT Our Boardis responsible for company-wide risk oversight, which includes overseeing our Corporate Social Responsibility and Diversity initiatives through the Corporate Governance and Nominating Committee. SUPPLIER DIVERSITY We are committed to helping create more vibrant and inclusive local and regional economies by leveraging our supply chain to provide opportunities for diverse and underrepresented business enterprises. ACCOUNTABILITY Our Board of Directors is responsible for implementing, administrating and enforcing key policies and practices, including anti-money laundering (AML)and data security/cybersecurity efforts. Introduction | 8 Introduction | 9 UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS As part of our commitment to our stakeholders, Boyd Gaming is proud to support these nine United Nations Sustainable Development Goals through the initiatives outlined in this report. Our company is a long-term financial and logistical supporter of non-profit organizations focused on eliminating hunger in our communities. Through our employee benefit programs, Boyd provides access to high-quality healthcare services to our team members. We also provide financial support to health-focusednon-profit organizations nationwide. Through our charitable contributions and recruitment efforts, Boyd is a long-term supporter of educational institutions across the country. Additionally, our company supports team members' education through our tuition reimbursement and student loan repayment benefits. We actively promote opportunities for women throughout our company. We also utilize our procurement programs to create economic opportunities for women-owned business enterprises (WBEs). Water conservation is a fundamental part of our environmental strategy. Through a variety of initiatives, our company has conserved nearly 2 billion gallons of water since 2017. See pages 17-18for additional information on our water conservation initiatives. We are proud to provide a living wage and meaningful benefits to thousands of team members nationwide. Additionally, we are an economic driver in communities across the nation through our employment, tax payments, vendor purchases and capital investments. Through our workplace diversity and inclusion efforts - and our diverse procurement programs - we are committed to creating economic and professional opportunities for persons of all ethnicities, ages, genders, disabilities and gender identities/expressions. Through our waste diversion initiative, we recycle or reuse more than half of our total waste nationwide, with a goal of diverting 60% of total waste from landfill by 2025. See pages 19-20for additional information on our waste diversion initiatives. Our company has a comprehensive Human Rights Policy, focused on deterring and preventing harassment, discrimination, forced labor, human trafficking and corruption. Additionally, we are committed to promoting diversity and inclusion, freedom of association, and a safe and inclusive workplace. Introduction | 10 Introduction | 11 WE CARE ABOUT OUR ENVIRONMENT CLIMATE CHANGE STRATEGY As one of the largest gaming companies in the United States, we understand the effect of climate change and our role in mitigating its impact. Accordingly, we invest strategically throughout our nationwide portfolio to reduce the impact of our operations on the environment. By reviewing our supply chain strategies, implementing energy and water reduction measures, and diverting waste from landfills, we work to consistently reduce our carbon emissions throughout our operations nationwide. ECOLOGICAL IMPACT STATEMENT Environmental Responsibility is a foundation of our company's Corporate Social Responsibility (CSR) philosophy, as evidenced by our investments in energy and water efficiencies throughout our nationwide operations. We are focused on finding new ways to further reduce our water use, as our operations teams actively review additional opportunities to reduce both indoor and outdoor water consumption. In addition to removing our non-functional turf in Nevada, we are implementing smart irrigation and smart valves throughout our properties to help further reduce our consumption. Our culinary teams are also implementing water reduction programs with equipment and operational improvements. We believe energy reduction is good for both business and the environment, and we continue to invest in energy efficiency technologies and improvements. Implementing smart building technologies with artificial intelligence has significantly reduced our energy consumption, as has our strategy of replacing aging equipment with more modern technologies that reduce consumption going forward. We are also committed to reducing the amount of waste our properties send to landfill. These reduction efforts are focused on sharing best practices across our portfolio, reducing single use plastics, expanding composting and other waste diversion programs, and donating reusable items to charitable organizations. We commit ourselves to compliance with all applicable federal, state and local environmental laws and regulations. We invest in technology and training to increase our efficiencies as part of our capital investment strategy. We look to make sustained reductions in our consumption of energy and water. We strive to make sustained reductions in the amount of waste our properties send to landfills. We look to make sustained reductions in our carbon emissions (scopes I, II and III). We are raising awareness of our environmental initiatives through ongoing communications with our internal and external stakeholders. Environment | 12 13 MAKING PROGRESS WEATHERNORMALIZED ENERGY CONSUMPTION 4,500,000 4,290,056 4,000,000 BASELINE EnergyConsumption(GJ) 3,500,000 3,233,281 3,007,293 3,035,732 3,000,000 2,960,117 2,500,000 As an organization, Boyd Gaming has reduced its energy consumption by more than 29% since our baseline year of 2017.* Through investments in energy efficient technologies, our properties are continuing to reduce their energy use. The majority of Boyd properties currently use Monitoring Based Commissioning services (MBCx),a process that monitors and adjusts a property's HVAC systems and other mechanical services to maintain peak performance and efficiency. Through consistent investments in efficient technology, Boyd continues to reduce energy consumption throughout its portfolio. In 2023, the company invested over $8 million in energy efficient capital projects, such as LED lighting retrofits and upgrading building systems and aging equipment. These investments contributed to a year-over-year reduction of more than 14 million kilowatt-hours in our 2023 electricity consumption. *Based on weather normalized energy consumption. Weather Normalization is key in removing variance due to extreme temperatures which could prevent visibility to decarbonization efforts led by a company. This process normalizes Natural Gas and Electricity consumptions using a hypothetical calendar year for each site, also known as Climate Normal, where the weather is the average over a recent 30-year period, utilizing the actual weather (sourced from NOAA) from each location. Reported data may be based on estimates where actual data is not yet available. For full reported data from prior year, please see page 9 of Boyd's 2022 ESG report. TOTALENERGY CONSUMPTION ACTUAL VS. WEATHER NORMALIZED Actual Weather Normalized 4,500,000 2023 ENERGY CONSUMPTION NATURAL GAS + ELECTRICITY 1,921,434 1,114,298 GJ GJ 36.7% Nevada Region Energy Consumption(GJ) 4,000,000 3,500,000 3,000,000 2,500,000 4,290,056 3,623,134 BASELINE BASELINE 2,904,683 3,007,293 2,918,029 3,233,281 2,978,425 2,960,117 2,870,520 3,035,732 63.3% Midwest & South Region 2,000,000 Energy consumption in 2023 is based on weather normalized data. *Boyd conducted a thorough review of actual energy consumption data for 2021 through 2023. In order to provide the most comprehensive and detailed data possible, Boyd utilizes direct feed data from providers where available. This resulted in a slight change in previously reported actual data for 2021and 2022. Reported data may be based on estimates where data is not yet available. For full reported data from prior year, please see page 9 of Boyd's 2022 ESG report. Baseline year includes energy consumption data for Ameristar Kansas City, Ameristar St. Charles, Belterra Park, Belterra Resortand Valley Forge prior to their acquisition by the company in 2018. Environment | 14 Environment | 15 ANNUAL CARBON EMISSIONS CARBON FOOTPRINT (SCOPE I AND II STATIONARY*) BOYD GAMING 2023 (Metric tons of CO2 equivalent) Emissions (MT CO2e) 400,000 350,000 300,000 250,000 200,000 395,625 BASELINE 251,593 40 . 2% REDUCTION 270,215 ** 257,944 236,661 1.8% TOTAL CARBON FOOTPRINT 5.5% 1.1% 258,227 MT CO2e SCOPE 1 21.6% Fugitive*: 4,706 MT CO2e Fleet & Other Scope 1**: 2,763 CO2e 70.0% Natural Gas: 55,788 MT CO2e SCOPE 2 Electricity: 180,873 MT CO2e SCOPE 3*** Waste: 14,097 MT CO2e Boyd follows the GHG Protocol Corporate Accounting and Reporting Standard for Scope 1 and 2 emissions reporting. Boyd did not obtain independent third-party verification of the GHG emissions data and climate-related claims listed in this report. *Simplified Material Balance Method: The Simplified Material Balance Method was utilized for tracking Fugitive Emissions. This method requires information on the quantity ofrefrigerant: (a) used to fill any new equipment installed during the reporting period, (b) used to service equipment, and (c) recovered from any equipment retired during the reporting period. It also requires information on the total refrigerant capacity of installed and retired equipment. **Fleet Emissions & Other Scope 1: All vehicle and maintenance equipment companywide are tracked for mileage and hours of usage or consumption. Other Scope 1includes stationary generators. This data was converted to emissions using factors provided by the United States Environmental Protection Agency's GHG Emissions Factor Hub published in April 2023. ***Scope 3 emissions reported here include only transportation of waste generated in operations, which corresponds to category 5 in the GHG Protocol's Scope 3 Accounting and Reporting Standard. *Carbon emissions for calendar years 2017-2023 include Scope 1 (natural gas) and Scope 2 (purchased electricity). Other Scope 1 (fugitive and fleet emissions) and Scope 3 emissions that Boyd now measures and reports are excluded from this chart due to lack of comparative data in all reporting years. **Reduction from 2017 baseline is attributable to benefits from capital investments in LED lighting and more efficient HVAC systems; operational initiatives to reduce energy consumption; and reduced business volumes during and after the COVID pandemic. Emissions data previously reported for 2021 and 2022 has been revised based on conducting review of actual consumption data for these periods. GREENHOUSE GAS EMISSIONS BY REGION BOYD GAMING 2023 (Metric tons of CO2 equivalent) Baseline year includes emissions data for Ameristar Kansas City, Ameristar St. Charles, Belterra Park, Belterra Resort and Valley Forge prior to their acquisition by the company in 2018. REDUCING CARBON EMISSIONS As part of our company's contribution to the global fight against climate change, Boyd is focused on achieving long-term reductions in energy consumption and carbon emissions. We have tracked stationary Scope 1 (natural gas) and Scope 2 (purchased electricity) since 2017, and have reduced our total annual emissions by more than 40% since that baseline year. Building on that progress we are working to further expand our tracking to include new sources of Scope 1 and 3 emissions. In 2021, Boyd first reported on waste and transportation of waste tolandfills aspart ofour Scope 3 emissions inventory. In 2022, Boyd began reporting on fleet emissions and fugitive emissions under Scope 1. Emissions (MT CO2e) 200,000 150,000 100,000 50,000 MSR 181,072 162,782 DOWN Emissions(MT 10.1% CO2e) 200,000 150,000 100,000 50,000 NEVADA 102,660 95,445 DOWN 7.0% Emissions data previously reported for 2022 has been revised based on conducting review of actual consumption data for these periods. Environment | 16 Environment | 17 CONSERVING WATER Conserving water is an important part of our nationwide environmental strategy. WATER USAGE ANNUAL WATER USAGE AND CUMULATIVE SAVINGS Total Usage Cumulative Water Savings (since 2017) 2,000 Millions Billion1.63 reduction 1,500 Nearly 30% of From 2017 Gallons BASELINE Billion1.08 Billion1.20 Billion1.19 Billion1.15 Baseline 1,000 500 Usage data includes ground water. Reported data may be based on estimates where actual data is not yet available. In an effort to provide the most accurate data, Boyd reviewed water usage across its portfolio and updated certain records that were previously estimates with actual data, and installed submetering on water wells across the portfolio to determine more accurate water usage. Baseline year includes water consumption data for Ameristar Kansas City, Ameristar St. Charles, Belterra Park, Belterra Resort and Valley Forge prior to their acquisition by the company in 2018. These conservation efforts have primarily focused on our Nevada operations, given the southern Nevada region's ongoing drought conditions. Throughout the state, Boyd has removed non- functional turf at its properties to reduce landscape watering requirements. Additionally, Boyd has implemented a water reuse program at its Nevada linen facility that is savingover 7 million gallons of water each year . While Nevada is a priority for water conservation, we have implemented conservation measures nationwide. For example, we have implemented smart controls at many of our properties to make our outdoor irrigation systems more efficient and effective. We have also implemented We've reduced our water consumption by almost 30% from our baseline year Our cumulative water savings over that time is nearly 2 BILLION GALLONS conservation measures in our kitchen facilities through our purchase of smart water-saving dishwashers nationwide. Finally, Boyd has researched water stress and water quality at all of its nationwide properties and implemented flood sedimentation control programs where applicable to ensure clean waterways and reduced flooding. Thanks to these ongoing measures, Boyd has reduced our overall water consumption by almost 30% since our baseline year of 2017, with a cumulative water savings of almost 2 billion gallons. Enough water for nearly 86MILLION loads of laundry* * Based on estimated consumption of 23 gallons of water used per standard wash. Environment | 18 Environment | 19 Attachments Original Link Original Document Permalink DisclaimerBoyd Gaming Corporation published this content on 20 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2024 20:07:01 UTC.