Wynn Macau, Limited

Sustainability Principles

The Sustainability Principles have been developed to highlight and provide visibility to elements of the extensive policies Wynn has in place which govern workflow processes and practices. Our policies are instrumental to our effective operations and world-class quality service, and thus are comprehensive in nature. As such, the essence of these policies has been summarized and disclosed herein as our Sustainability Principles.

Our Sustainability Principles and the comprehensive suite of policies that support them guide our progress. Reporting annually on our efforts, goals, and performance helps us to identify opportunities to enhance employee and customer loyalty, improve operating efficiencies, and increase shared stakeholder value. Our latest Sustainability Reports are available on our corporate website.

Commitment

We acknowledge our responsibility to society and the environment and we commit to work alongside governments and industry, to do our part to ensure a better future for our employees, our guests, our stakeholders. As a company, we are committed to delivering the highest standards of luxury hospitality to our guests, while at the same time ensuring that we are a sustainably minded, caring and responsible leader. Our success is tied to a commitment to excellence, respect for our employees, and an unwavering dedication to service that extends to the communities where we live and work.

Our commitment extends to:

  • Financial and economic considerations:
    • Corporate governance
    • Socio-economiccommitment to the community
  • Social considerations:
    • Adhering to high standards of ethical business conduct
    • Creating a culture that is inclusive and supportive
    • Supporting our local community and local businesses
  • Environmental management:
    • Responsible use of natural resources
    • Minimizing emissions and waste
  • Compliance-drivenpractices:
    • Regulatory compliance
    • Protecting customer privacy
    • Supporting responsible gaming initiatives
    • Monitoring conflicts of interest

Scope

The scope of these Sustainability Principles includes Wynn Macau, Limited and its subsidiaries. Any business carried out by such subsidiaries, or by suppliers and sub-suppliers on behalf of Wynn, should fully commit to the application of the Sustainability Principles.

We endorse the application of the Precautionary Principle. This means that Wynn, our subsidiaries and suppliers should act in a manner that reduces or avoids potential negative environmental impact, particularly in the event of incomplete knowledge of the impact of proposed actions. The Sustainability Principles may be modified from time-to-time as disclosure requirements and the expectations of our stakeholders evolve.

References to "Wynn", "us", "our" or "we" refer to Wynn Macau, Limited (the "Company") and its subsidiaries, or any of them, and the businesses carried on by such subsidiaries, except where the context makes it clear otherwise. References to "Wynn Macau" include "Encore at Wynn Macau".

Governance

The sustainable growth of any company is founded on the vision and leadership of the Board of Directors of the Company ("Board") with support from senior management. At Wynn, we are aware of the need to balance our growth with ensuring we support and contribute to the overall well-being of society and the preservation of the environment. Our Board has overall responsibility for our sustainability strategy and for creating the governance framework under which our business units operate.

The Sustainability Committee of Wynn Resorts (Macau) S.A., established in 2017, consists of key management staff from various departments that represent critical facets of our business operations. It is responsible for developing, implementing, and monitoring environmental, social, and governance policies, practices and strategies that will promote sustainable development. Effective communications between the Board, the Sustainability Committee and the entirety of our workforce ensures and supports the responsible growth of our company.

Economic Principles

SOCIO-ECONOMIC COMMITMENT

There is a strong connection between the impact of Wynn's business activities with the socio-economic development within Macau and the Greater Bay Area. By responsibly growing our business, we are creating employment opportunities, invigorating local communities, and investing in the local economy.

SUPPORTING LOCAL SUPPLIERS

We believe that supporting local businesses is a triple win scenario: we are able to better manage the quality of products and services, reduce the environmental impacts associated with logistics and transportation, and contribute to driving the development of Macau's economy. We select qualified local enterprises that can provide competitive and high-quality products and services. For more information on how we are supporting local suppliers, please see the WML Sustainability Report 2018.

RESPONSIBLE SOURCING

We are committed to managing our suppliers in a sustainable manner such that our Principles may be shared along the supply chain. We have developed a systematic procurement process, with the designation of department teams with specific responsibilities, to enable us to better manage suppliers, mitigate risks and meet our quality standards. We aim to source responsibly and have transparency and traceability within our supply chain. To mitigate risk, all suppliers are assessed using an internal approval process which includes quality, social and environmental criteria. Information about suppliers is collected and presented to the relevant departments and senior management for consideration and approval. The Procurement team works with prospective suppliers to gain an understanding of their business practices and our Corporate Investigations department conducts additional due diligence as deemed appropriate in

each given case. By applying this approach to our broad network of suppliers we ensure that we satisfy our procurement needs responsibly, on competitive terms and meet our quality standards.

Social Principles

COMMUNITY INVOLVEMENT

Wynn is committed to ensuring our business practices provide a positive influence on our local community. Our efforts are defined by a structured framework that governs our processes and practices. The key programs that directly focus on local communities are the WE Volunteers and Wynn Care supported by both Human Resources and Community & Government Relations. More information on these programs can be found in the WML Sustainability Report 2018.

Our local community initiatives expand to all departments of our operations including Gaming, Hotel, Food & Beverage, Facilities (Environmental), Human Resources (Social), Learning & Advancement (Training) and other administration departments.

Our framework and governance include mission and vision statements, departmental functions and targeted groups based on community needs. Each department is assigned the purpose of helping Wynn become a truly local company and a pillar of the Macau community for the betterment of all Macau citizens. Further, we identify and engage key stakeholders to map the needs of the local community and target our efforts and resources appropriately. It is our goal to increase our resource allocation to impactful initiatives and maximize our return-on-social-and-community-investment.

As part of our planning and assessment we have engaged critical stakeholders and identified eight directions for our community outreach initiatives. Further, each undertaking or event is thoroughly considered and analyzed before implementation and afterward to assess performance and enact more consistent positive results.

We have identified those areas of our operations with the greatest potential impact on the local community and asserted our efforts to maximize those positive impacts and mitigate any negative social impact. In the WML Sustainability Report 2018 we acknowledge the areas where we have challenges and opportunities for improvement, while at the same time highlighting those areas where we have positively impacted the lives and well-being of those within our local community.

ETHICS AND INTEGRITY

Understanding the stringent regulations within the gaming industry, we are committed to complying with all laws, rules and regulations that apply to our business.

We also strive to abide by high standards of ethical business conduct. To this end, we have instituted our Code of Business Conduct and Ethics ("Code") and Code of Personal Conduct as well as a host of guidelines, operating procedures and training to put our commitment to integrity into action. All our employees, officers and directors, agents and representatives must comply with our Code, which has been approved by our Board of Directors. The Code provides employees with guidance, contacts and protection for asking questions and reporting behaviours that might be in violation of its principles.

Beyond addressing proper business ethics, the Code also covers such topics as diversity and inclusion, conflicts of interest, political activities, information security and more. It is foundational to our sustainability commitment.

Along with our policies on anti-harassment and discrimination, it affirms our belief in and support of equal opportunity in employment to all persons regardless of race, color, national origin, citizenship status, sex, pregnancy, marital status, gender identity or expression, sexual orientation or perceived sexual orientation, age, religion, veteran status, military status, disability, history of disability or perceived disability, genetic information or any other protected category.

All new employees are trained in our Code and we require each employee to participate in an annual online refresher course and confirm their understanding and acceptance of the Code.

WORKPLACE PRACTICES

Our recruitment and promotion practices are aligned with the Macau government's priorities where, by law, resident workers shall have precedence over non-resident workers, both in regards to hiring, as well as keeping an employment position.

Employees of Wynn are selected, remunerated and promoted on the basis of their merit, qualifications, competence and contribution to Wynn. We have a provident fund set up for our employees, an employee ownership scheme and a share option scheme. We also provide a suite of employee benefits which cover health, meals and bonuses as detailed in the WML Sustainability Report 2018 and provide maternity and paternity leave that exceeds local labor law requirements.

We have established effective and fair policies and practices relating to employee dismissal and discipline. One of the key objectives for such policies and practices is to ensure that such matters are handled in a fair, confidential, lawful and non-discriminatory manner.

EQUAL OPPORTUNITY AND DIVERSITY

Wynn recognizes that each employee's unique experiences, perspectives, and viewpoints are critical to creating products and services that engage and inspire customers all over the world. Therefore, our goal is to create an environment that generates great ideas, attracts the best talent, and creates a profound sense of pride across our Company.

We are committed to providing equal opportunities for employment, job responsibility, advancement and training to qualified individuals. Our Equal Opportunity and Non- discrimination Policy, Preventing Harassment and Discrimination Policy, and Code of Personal Conduct ensure all employees understand our zero-tolerance position for discrimination in any form based on any grounds as stated in our Code of Business Conduct and Ethics.

SEXUAL HARRASMENT AND DISCRIMINATION

The Company does not tolerate sexual or other unlawful harassment or discrimination by any employee, volunteer, vendor, contractor, consultant, guest, customer, or visitor. While employees are trained and encouraged to speak out when reporting policy violations, our Senior Vice President of Human Resources has the overall responsibility for maintaining effective enforcement of non-discrimination and harassment policies. Should there be suspected cases of harassment and discrimination, the HR team will investigate in a timely, neutral and fair manner, and all employees are expected to cooperate fully in any investigation.

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Disclaimer

Wynn Macau Ltd. published this content on 25 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 April 2023 11:40:06 UTC.