Red Rock Resorts, Inc. (RRR)

Criticisms on file

No material criticisms on file for this pillar.

Disclosed initiatives

• Green Globes Certification

  All seven operating resort properties and corporate office building obtained Green Globes certification (minimum three globes, some four globes) through the Green Building Initiative.

  Indicates compliance with energy and environmental building standards but does not quantify emissions reductions.
• Water Conservation

  Installation of water-saving fixtures at all resort properties; removal of natural grass features at all properties to reduce water consumption ahead of any mandate.

  Reduces operational water consumption and localized water stress; timing suggests proactive rather than reactive compliance.
• Electric Vehicle Charging Infrastructure

  Charging stations installed at all seven resort properties; early and leading adoption noted.

  Supports guest and employee EV adoption but does not materially reduce direct operational emissions.
• Rooftop Solar Arrays—Planned

  Company is considering the addition of rooftop solar arrays at all seven operating resort properties.

  Potential to reduce Scope 2 electricity consumption if implemented; currently only under consideration, not operational.
• Durango Property Sustainability Design

  Durango project designed with sustainability goals including Green Globes certification integration, bike access with dedicated lanes, and water conservation design features.

  Demonstrates incorporation of sustainability in new development; limited scale relative to total operations.

Criticisms on file

• NLRB litigation and union organizing contests: The LJEBLV and NLRB are contesting the company's withdrawal of union recognition at Boulder Station, Palace Station, Sunset Station, and Red Rock. NLRB election results at Red Rock (December 2019) rejecting the LJEBLV are contested. International Union of Operating Engineers Local 501 representation withdrawal is also contested. Litigation is ongoing.

  Source: RRR 10-K, Item 1A. Risk Factors, 'Union organization activities could disrupt our business'; Item 8. Human Capital discussion of union activities.
• Potential union-suppression activities: The company's withdrawal of union recognition at multiple properties and active litigation contesting union organizing efforts may constitute union suppression under NLRA standards, though the 10-K does not detail specific unfair labor practices allegations beyond the NLRB contests.

  Source: RRR 10-K, Item 1A. Risk Factors, 'Union organization activities'; Item 8. Human Capital section describing union dynamics.

Disclosed initiatives

• Free Medical and Health Benefits

  All team members earning less than $110,000 per year receive free medical and health benefits.

  Broad employee health coverage; eligibility threshold captures majority of workforce.
• On-Site Medical Centers

  Two on-site medical centers offering free office visits, free generic prescriptions, and free lab services for insured team members and families.

  Reduces healthcare access barriers and out-of-pocket costs.
• Paid Parental Leave

  Six weeks of paid parental leave for each employed parent.

  Supports work-life balance and gender equity in caregiving.
• Paid Volunteer Program

  Paid volunteer day program; employees completed over 11,000 volunteer hours in 2025.

  Supports community engagement and employee wellness.
• 401(k) Retirement Program

  Innovative 401(k) retirement program; $10.4 million contributed in 2025, $28 million over past three years.

  Provides retirement security alternative to traditional pensions.
• Citizenship and Immigration Services Support

  Dedicated citizenship and immigration services manager providing free assistance to team members and family members.

  Reduces barriers for immigrant workers; supports vulnerable workforce segment.
• Team Member Development Programs

  Development programs focused on guest service and leadership; over 40,000 hours of training delivered in 2025.

  Supports employee career advancement and retention.
• Community Partnerships

  Multiyear multimillion-dollar pledge to Campus of Hope (homelessness in Southern Nevada); long-term partnerships with Three Square Food Bank, Public Education Fund's 'Smart Start' program, and 'BackPack for Kids' initiative.

  Addresses local social issues; demonstrates sustained commitment to community welfare.
• Responsible Gaming Programs

  Charter member of National Center for Responsible Gaming (contributed over $180,000); member of Nevada Council on Problem Gambling since 1996; insurance coverage for problem gambling treatment available to team members; problem gambling awareness signage and helpline promotion at all gaming areas.

  Mitigates harms of gambling; supports vulnerable customers.

Criticisms on file

• Regulatory uncertainty and oversight risk: The company acknowledges that the U.S. Supreme Court's June 2024 reversal of the Chevron doctrine may increase challenges to existing agency regulations affecting gaming, tax, anti-money laundering, environmental, and labor regulations. The company cannot predict the impact of this legal shift on its regulatory obligations.

  Source: RRR 10-K, Item 1A. Risk Factors, 'We are subject to extensive federal, state and local regulation'; discussion of Chevron reversal impact.

Disclosed initiatives

• Code of Business Conduct and Ethics

  Company has adopted a Code of Business Conduct and Ethics applicable to all directors, officers (including principal executive and financial officers) and employees. Code and waivers available on investor relations website and available upon request.

  Establishes baseline ethical governance standards; transparency facilitates accountability.
• Gaming Regulatory Compliance and Licensing

  Comprehensive Nevada Gaming Authority licensing and regulatory framework; Fourteenth Revised Order of Registration obtained November 20, 2025; gaming subsidiaries required to file detailed financial and operating reports; officers, directors, and key employees subject to licensing and suitability investigations.

  Establishes external regulatory governance structure; ongoing compliance monitoring reduces unaccountable conduct.
• Anti-Money Laundering Program

  Maintains anti-money laundering program including designation of compliance personnel, employee training, large cash transaction and suspicious activity reporting, sanctions screening, and independent testing.

  Reduces financial crime risk; supports regulatory compliance.