Reducing Energy Consumption
Reducing energy consumption is a key element of our environmental stewardship goals and at any given time, a multitude of initiatives are underway to improve energy efficiency at our properties. Progress has been especially significant in older properties where retrofits and upgrades have delivered significant savings. At new properties, we have the opportunity to design in environmentally friendly features from the outset. Encouraged by positive results, we drive ourselves to achieve more. Electricity and natural gas are our main sources of energy, representing 93 percent of our consumption. During 2012, we achieved a 1.4 percent reduction in absolute electricity and gas consumption in our operations, bringing our total performance since the establishment of our baseline in 2007 to an 8.5 percent absolute reduction for these energy sources. This is equivalent to savings of around 150 million kilowatt-hours in energy each year, which is enough energy to power a community of over 30,000 people over this period.
When measuring our total energy performance in relation to air-conditioned space, in order to give a comparable measure of our performance (energy intensity) that accounts for significant expansion, we achieved a 3.2 percent reduction of energy per thousand air-conditioned square feet in 2012, and an overall 18.7 percent reduction since our 2007 baseline, indicating improved energy efficiencies in our total operations. We are on track to achieve our short-term energy target of 20 percent reduction in energy intensity by 2015. These improvements have been achieved both through significant investment and the passionate contribution of our employees throughout our company.
One example of our energy efficiency projects is the ongoing replacement of halogen bulbs in "always on" locations with high efficiency LED bulbs, which yielded an annual approximate 65,000 gigajoules reduction in electricity consumption in 2012.
Environmental Efficiency Audits at Flamingo Las Vegas
We are always looking for opportunities to improve energy conservation and resource consumption. Through the efforts of diligent Chief Engineer Jeff Seavey, at Flamingo Las Vegas, we have developed a self-assessment model which has the potential for reapplication across all our properties. The chief engineer, or other authorized employee, makes a regular tour of the hotel property during the late night or early morning hours when few people are around. During this time, most appliances are not in use and large parts of the venue are not operational. The assessor identifies all opportunities to save energy and water and address issues relating to waste. This may include appliances remaining plugged in, leaking faucets, air-conditioning or heating remaining active in restaurants which are closed and more. The assessor then takes a photograph of the wasteful incident and advises the property management so they may take corrective action. As a result of these efforts, as well as other CodeGreen activities, in 2011-2012, Flamingo Las Vegas recorded a reductions of over 2,668 mWh electricity consumption and additional reductions in gas and water consumption and waste levels.