SM
Prime leads the way in sustainable development, integrating sustainability into
its core business strategy.
Sustainability has
become a driving force across every industry. For SM Prime Holdings, Inc. (SM
Prime), one of Asia’s leading integrated property developers, sustainability is
elevated through a strategic framework that leverages the company’s extensive operations,
significant economic impact, and cultural influence.
SM Prime’s
sustainability journey began in the 1990s, guided by a focus on resilience and
practicality. The company has always valued substance over style, favoring
strategies grounded on real-world application rather than flashy, short-term
fixes. Its strategy is built on what
truly matters to the business and the community it serves, ensuring that its
sustainability efforts are both effective and enduring.
In its 2023 Annual
Integrated Report, SM Prime introduced its Sustainability Ambition Roadmap with
a clear and powerful message: Together for a sustainable future – aligned with
its vision of creating and managing innovative, sustainable, and integrated
property developments that enhance the quality of life for all.
SM
Prime’s sustainability strategy is built on three main goals: (1) Environmental
sustainability, (2) Prosperity for all, and (3) Climate resilience.
Building on its
sustainability framework of Economy, People, Planet, and Community, SM Prime
identified three major goals to pursue: Environmental sustainability,
Prosperity for all, and Climate resilience – all aimed to create a future
marked by sustainability, resilience, and widespread prosperity by 2030, 2040,
and beyond.
Under its environmental
sustainability strategy are two significant programs released by the
company: Net Zero by 2040 and
#SMWasteFreeFuture.
Net Zero by 2040
SM Prime is
committed to enhancing people’s quality of life by intensifying climate action,
reducing disaster risks, investing in resilient design, protecting
biodiversity, and implementing strategic corporate social responsibility
programs, with its main focus on climate action toward a net-zero business. The
company has been collaborating with the World-Wide Fund (WWF) for
Nature-Philippines to establish science-based targets in alignment with the
global commitment of a net-zero ambition by 2050.
“We understand the magnitude of the challenges we
face to achieve our Net-Zero commitment. SM Prime is determined to take action
and meet its climate commitments. This is one of our top agendas in
sustainability,” said Jeffrey C. Lim, SM Prime President and CEO.
SM
City Santa Rosa's solar photovoltaic (PV) system has 5,772 panels at 3.088 MWp
capacity and has an annual solar energy production of up to 4.292GWh.
#SMWasteFreeFuture
SM Prime
launched its vision for an #SMWasteFreeFuture, in support of the United Nations
Environment Programme’s (UNEP) International Day of Zero Waste. The program
introduces a simple segregation scheme: Recyclable, Disposable, and Compostable
(RDC), all aimed at reducing overall waste generation and increasing the waste
diversion rate from landfills through sustainable disposal methods. The
initiative was launched nationwide for SM employees and across all SM property
groups and stakeholders.
SM Prime
continues to support existing programs and partnerships that promote better
waste management solutions. Initiatives such as SM Supermalls’ Trash-to-Cash
recycling market, Plastic Waste Collection and E-Waste Collection programs, and
regular coastal and estero clean-up activities effectively engage the community
in rethinking their relationship with waste.
To address food waste, SM
Hotels and Convention Corporation (SMHCC) has pioneered projects such as The
Sustainable Diner with WWF-PH, diverting 198,640 kg of food waste through
bokashi composting and 40,013 kg through biodigesters. SMHCC also launched Tela
Tales, a program that recycles condemned linens.
SM Prime gathers the community for a
#SMWasteFreeFuture.
SM Development Corporation
(SMDC) recently partnered with Globe and Scholars of Sustenance Philippines for
the Hapag Movement, aimed at targeting food waste and involuntary hunger
affecting millions of Filipinos. “As a community, we strongly believe in our
ability to contribute to solving today's waste issues. We understand that this may seem like a
daunting challenge to overcome. However, by joining forces, we can create a
world that our future generations truly deserve – if we have the courage to
take on this journey together,” said Hans “Chico” Sy,
Jr., President of SM Engineering Design and Development Corporation (SMEDD) and
SM sustainability champion.
Water stewardship
SM Prime is committed
to water stewardship by implementing innovative water conservation and
management practices, ensuring that properties developed are more responsive
and adaptable to the changing needs of communities.
Through its sewage
water treatment plants, wastewater is processed, preventing contaminated water
from polluting local waterways and for reuse. The recycled water is utilized in
malls for water closet flushing, air conditioning operations and landscape greening.
SM City Baguio’s Rainwater
Filtration Facility addresses water security and ensures a safe and sufficient
water supply for the operations of the mall and its tenants.
SM Prime Holdings, Inc.’s Chairman Henry
T. Sy, Jr. receives SM Prime’s 30th Listing Anniversary Plaque from the
Philippine Stock Exchange’s President and CEO Ramon S. Monzon.
Prosperity for all
SM
Prime’s developments serve as catalysts for socio-economic progress, delivering
tangible benefits to all stakeholders. Founded by Henry Sy, the company remains
committed to his vision of bringing world-class developments to the
Philippines. A vision perfectly exemplified through the Mall of Asia Complex
which offers a blueprint for future cities that go beyond commercial success to
embrace a holistic approach to urban development.
SM Prime celebrated its
30th year as a publicly listed company last July 23, signifying three decades
of service and transformative growth in the Philippine real estate industry.
“True leadership is marked by a solid dedication to collective success. Our
journey at SM Prime demonstrates the power of dreaming big and the incredible
achievements that follow when you pursue those dreams with determination and
hard work.” – JEFFREY C. LIM, SM PRIME PRESIDENT AND CEO