As well as our three Social Impact & Sustainability Pillars of Fostering Diversity & Inclusion, Investing in our Communities, and Protecting the Planet, MGM Resorts has multiple additional program areas that support our purpose agenda. While many of these program areas do not currently have quantitative public goals or commitments, they all contribute to our desire to make a meaningful positive difference to our communities and planet.
MGM Resorts is a major buyer of goods and services, and a large proportion of our overall spending is concentrated in our home city of Las Vegas. We have significant market power in many purchasing categories and have used this power to advance our commitment to investing in our communities, fostering diversity and inclusion, and protecting the planet while delivering economic benefits to our stakeholders. Recognizing this as a complex area of program development, in 2019 and 2020 we engaged the Sustainable Purchasing Leadership Council (SPLC: sustainablepurchasing.org) and leveraged their Strategic Program Planning Process (SP3) to help us develop a comprehensive strategy. SPLC inspired us to connect and organize our previously separate work on supplier diversity and environmentally preferable purchasing with emerging work on supply chain human rights and Total Cost of Ownership into one holistic sustainable supply chain program. As this strategy unfolds, we will increasingly prioritize working with suppliers and procuring products and services that deliver on the core attributes of price competitiveness and quality but that also help us meet our environmental, social and economic goals while helping reduce our main environmental, social and economic risks. By doing so, we believe we will progressively develop a truly sustainable supply chain.