With the 30th Conference of the Parties (COP30) taking place in
Belem, Brazil, this November, the momentum to focus on lasting solutions
for the planet’s climate crises comes at its most critical time.
For SM Prime Holdings, Inc., this means that the journey to Net Zero by
2040 becomes more than a unifying force across its portfolio; it is the
goal for strengthened implementation, sound partnerships, and collective
resilience.
Empowered partnerships
Security, affordability, and sustainability – these are known as the
“energy trilemma” – challenges presently faced by businesses. It’s
especially relevant for the future of property development and urban
resilience.
For SM Prime, a comprehensive and diversified energy mix is an approach
that benefits renewable energy producers and transforms the industry,
and is the broader strategy to reduce reliance on fossil fuels.
SM Supermalls has already achieved more than 50% of renewable energy use
across its malls by leveraging partnerships with key renewable energy
players and direct procurement
This energy infrastructure reflects SM Prime’s significant investment in
emerging technologies. In 2022, SM Prime’s partnership with Aboitiz
Renewables, Inc. (ARI) activated its strategic plans, and in 2024, it
further broadened its renewable-energy footprint by partnering with
TotalEnergies. The addition of Citicore Renewable Energy Corporation in
2025, along with the steady increase of leading solar rooftop suppliers
for SM Supermalls, helps meet the demands for renewables through on-site
generation.
This commitment to sustainable energy drives positive change and
contributes to SM Prime’s broader mitigation and adaptation strategies,
supporting the country’s national framework in achieving its emission
reduction targets.
Energy for the people
Resilient communities and enduring partnerships for climate-smart urban
centers are part of these system shifts toward energy independence. It
confirms that renewables are a strategic asset, especially as they
become affordable and community-serving, empowering businesses
nationwide.
It also supports a sustainable lifestyle. For the SM Green Movement,
this balance is achieved by re-energizing neighborhoods to contribute to
the climate crisis and offering more options to become energy and
fuel-efficient, while improving quality of life.
The festive Christmas Holidays at SM Supermalls. Powered increasingly by renewable sources, SM malls continue to serve as vibrant community hubs—bright, welcoming spaces that reflect SM Prime’s commitment to sustainable and resilient development.
“We started the journey with our energy efficiency programs in the 90s,”
said SM Supermalls President Steven Tan. “This lets us enjoy our mall
spaces now because we maximize our energy use, lower operational costs,
while hopefully, reducing our emissions,”
“Of course, we still have a long way to go. But we are trying to make
renewable energy accessible at scale to our malls – not just to create
decarbonization value for the communities we touch and work with – but
to provide flexible, adaptive, and sustainable mall experiences. Most
importantly, a safer future for all,” said Tan.






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