#Sustainability #Philippines #SM Investments #Corporate Excellence #Pasay City

SM Investments Triumphs at ACES 2024

SM Investments Corporation, a prominent player in the Philippines’ business landscape, has recently achieved noteworthy recognition at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES). The company earned prestigious accolades, being named one of Asia's Most Influential Companies and a recognized leader in Sustainability Advocacy.

Frederic C. DyBuncio, the President and CEO of SM Investments, shared his gratitude for this acknowledgment, emphasizing, "We are grateful for the recognition and are inspired to continue to work even harder to grow responsibly and sustainably with the communities that we serve."

Commitment to Sustainable Development

The ACES Council commended SM Investments for embedding sustainability practices in every aspect of their operations. Their efforts are not only limited to improving business efficiency but also extend to establishing frameworks that create a broader social impact. The council noted their leadership role in setting sustainability benchmarks across the Philippines and Asia. They highlighted that SM Investments is committed to developing integrated communities, enhancing partnerships with Micro, Small, and Medium Enterprises (MSMEs), and emphasizing corporate governance standards.

SM Investments stands out with a robust commitment to renewable energy initiatives. They operate the Philippine Geothermal Production Company, which manages geothermal operations in locations such as Tiwi, Albay, and Makban, Quezon. Furthermore, they are actively exploring alternative energy sources across six provinces, reinforcing their pledge to a sustainable and eco-friendly future.

Promoting Diversity and Inclusion

An aspect that sets SM Investments apart is its dedication to fostering diversity and inclusion in its workplace. With a workforce of over 130,000 employees, the company boasts an exceptional gender balance, with 63% of its staff being women and 58% of its leadership positions occupied by women. This commitment to diversity does not only reflect social responsibility but also promotes an inclusive culture that enriches their operational efficacy.

About ACES Awards

Initiated in 2014, the ACES Awards serve to recognize and showcase exemplary corporate practices throughout Asia. This platform not only highlights companies that excel in various domains but also encourages organizations to strive for higher standards in sustainability and corporate governance. The awards are supported by a council of experts spanning academia, sustainability, and public policy, ensuring a reputable and credible evaluation process.

About SM Investments Corporation

SM Investments Corporation is a leading conglomerate in the Philippines, focused on several pivotal industries including retail, banking, and property development. Renowned for its expansive operations, SM Investments commands the largest and most diverse retail sector in the country. Among its notable divisions is SM Prime Holdings, Inc., recognized as the largest integrated property developer, encompassing malls, residential, office spaces, hotels, and convention centers, among other ventures. In the banking sector, SM Investments has substantial stakes in BDO Unibank, Inc., which ranks as the nation’s largest bank, and China Banking Corporation, the fourth largest domestic private bank.

For further information, you can visit SM Investments official website.