Source: Bloomberg Markets magazine and Caesar’s Palace, Las Vegas
Before Carlyle completed the deal, Payne consultants evaluated manufacturing and distribution and suggested ways to cut packaging and increase recycling. In January, NBTY opened a plant in Burton-on-Trent, England, that can produce more than a million packets of dried fruits and nuts per week.
The plant has a recycling facility right on the grounds.
When TPG, founded as Texas Pacific Group, bought Caesars Entertainment Corp. in 2008 with Leon Black’s Apollo Global Management LLC, the world’s biggest casino operator had been investing in energy savings since 2003.
Las Vegas has a reputation as a city of excess. But there is one thing that ties us all together, from high rollers to average Joes: our responsibility to preserve our environment. Here at Caesars Palace, we’ve taken extraordinary steps to reduce our impact on the earth, and we wanted to share them with you.
Most recently, we’ve partnered with the Public Education Foundation to create the Reuse Teacher’s Exchange Program, so that conference and convention attendees can put unused pens, pads of paper, canvas bags and other items into the hands of schoolteachers.
We have also been recognized by Travelife magazine as well as by Caesars Entertainment’s companywide Code Green program for our industry-leading efforts.
Since Las Vegas is in its worst drought on record, water conservation is a high priority. We’ve replaced our standard shower heads with adjustable Moen fixtures, after getting rave reviews of them from our guests. We’ve also replaced 28,800 feet of the resort’s grounds with “zeroscaping,” incorporating drought-tolerant plants in raised planter beds. These two projects save 59 million gallons of water annually, enough to fill 98 Olympic size pools. In 2009, we reduced our water consumption by over 100 million gallons in spite of a 1.5 million sq. ft. expansion.
Green Lighting on the Situation
They replaced over 130,000 lights with more energy-efficient bulbs. Yet people need to realize that this lighting replacement is saving them money. A lot to money. You think about $20 million over
10 years $2 BILLION IN SAVINGS!!
NOW THAT IS GREEN LIGHTING AND ENERGY EFFICIENCY ALL WRAPPED UP IN ONE!!
You’ll find them in guest rooms, on the casino floor, in the convention area and outside lighting too!!
In 2008, they conserved over 39,000 BTUs of natural gas and 14 million KwH of electricity.
Then they took THAT money and built another 1.5 million sq. ft. to the resort at the same energy bill.
TALK ABOUT A STIMULUS CHECK!!
They participated in Earth Hour once more in 2010, joining with other Las Vegas casinos and over 4,000 cities in 100 countries to “go dark” for an hour, demonstrating our commitment to finding climate change solutions. I want to know how much money the saved on their bill by doing it too. Gee, turn off the lights for an hour and save x’a million dollars for the hour!!
They use water stations instead of pitchers or bottles, saving plastic and reducing the use of cleaning chemicals.
Biodegradale Coffee Cups.. YEAH!!
They even finally are using biodegradable coffee cups and stir sticks. Even our restaurants are getting in on the act, participating in a property-wide cork recycling program that has recycled nearly 10,000 corks thus far.
Yes they recycle!!
Compared to 2008, we doubled our aluminum recycling and increased our paper recycling by almost a third. Also, we doubled our 2008 totals in recycling food waste and increased our glass recycling nearly tenfold. We also give guests the option to reuse or replace their towels, as well as changing linens on request.
Our employees are even going green, choosing electronic pay stubs instead of paper checks and participating in Farmer’s Markets featuring organic vegetables and fruit.
Our recycling efforts have made an impact – in 2009, we recycled 99,650 pounds of plastic. Our fryer grease and oil has been recycled into 162,000 gallons of biodiesel fuel. Even our Total Rewards® cards get recycled – 20,000 of them in 2008, to be precise.
Under its new owners, Caesars accelerated its efforts, cutting annual carbon emissions by 106,000 metric tons and trimming electricity consumption by 163 million kilowatt-hours annually, partly by upgrading air conditioning better designed to cool giant gambling parlors in the desert.
The result: $20 million in annual savings, says Pat Tiernan, TPG’s sustainability operations executive.
Or another way of looking at it…$2 BILLION DOLLARS IN TEN YEARS!!
Here is the information from Caesar’s on what they did:(Source: Caesar’s Palace)
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