SM Prime Holdings, Inc. (SM Prime), one of the leading integrated
property developers in Southeast Asia, has been recognized by three
international award-giving bodies for excellence in transparent
Environmental, social, and governance (ESG) reporting for its 2021
Annual Integrated Report entitled "Together, We Rise".
SM published its sustainability reports since 2013 even before the
Securities and Exchange Commission (SEC) mandated sustainability
reporting in the Philippines. SM Prime further promotes transparency and
accountability by informing investors and stakeholders of its ESG
performance and impacts, decision-making processes, and competitive
positioning value in the sector.
“We are honored to receive these awards as a recognition of our
commitment to provide transparent reporting in our sustainable
practices. We value all our stakeholders, and we strive to enrich the
quality of life of the Filipino people,” SM Prime President Mr. Jeffrey
Lim said.
At the summit of international recognitions, SM Prime bagged accolades
from the biggest and most coveted awards competition in the business
world called Stevie® Awards. The Asia-Pacific Stevie Awards recognizes
business innovation across the entire Asia-Pacific region, whereas IBAs
is one of the first and most highly anticipated awards programs of the
Stevie Awards that features a wide variety of categories relevant to
every facet of the workplace that is open to all kinds and sizes of
organizations globally. SM Prime was awarded the Bronze Stevie® Winner
at the 2023 Asia-Pacific Stevie Awards program and Silver Stevie® Winner
in the 2022 International Business Awards (IBAs).
Also, in the regional scene, the company won a Silver Rank in the Asia
Sustainability Reporting Rating (ASRRAT) 2022, a sustainability report
ranking by the National Center for Sustainability Reporting (NCSR).
ASRRAT’s rating system employs criteria based on GRI Standards
compliance, GHG disclosures transparency, and alignment with and support
of the UN SDGs, among other factors.
The international recognitions are a testament to SM Prime’s active role
in championing sustainability across its operations as it continues to
be a catalyst for economic growth, delivering innovative and sustainable
lifestyle cities, thereby enriching the quality of life of millions of
people.
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