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