Penn releases its 2023 CSR Report
Highlights of the report include multiple initiatives and funds raised
The 2023 Corporate Social Responsibility (CSR), posted by Penn Entertainment, highlights the company’s social, environmental and governance initiatives (ESG) over the course of 2023.
A casino gaming, sports content and entertainment conglomerate, which posted $1.62bn in revenue for Q3 2023, Penn Entertainment has highlighted its ESG efforts for the previous calendar year. With over $17m generated in economic grants, $8m was also donated for the support of charities in areas local to Penn’s operational facilities.
Over $750,000 was set aside in support of Veteran and military support non-profit organizations, as well as aiding the development of the military scholarship scheme at Penn State Berks University in Pennsylvania.
Over 9,500 hours of time was volunteered by Penn team members and increased sustainability initiatives were put into place. These efforts include greenhouse gas emission reviews and assessments, alongside the establishment of a greenhouse gas reduction goal.
Jay Snowden, Penn Entertainment President and CEO, said, “I want to thank our Board’s Nominating and Corporate Governance Committee, as well as our internal ESG and Diversity Committees, for continuing to raise the bar in terms of supporting our team members, investing in our local communities and growing our sustainability practices across our company. I couldn’t be prouder of what we accomplished last year.”
Additional efforts include the launch of new employee resource group Penn Women, developed to offer allies and mentorship for female employees at the company. Further, the total spend of $108m towards the Diverse Vendor Incubator Program.
This week, Aaron LaBerge was announced as the new CTO of PENN Entertainment, bringing previous CTO experience with Disney to the role which is effective as of July 1.
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