DENR, SM Prime use a 30-foot, cutting-edge, trash-collecting boat for Manila Bay cleanup

In a joint effort to combat water pollution in Manila Bay, SM Prime Holdings (SM Prime), handed over a state-of-the-art catamaran trash boat to the Department of Environment and Natural Resources (DENR). DENR received the 30-foot catamaran boat last January 31, along with essential navigation and safety equipment plus necessary cleaning tools. The trash boat will be operated by the DENR Metropolitan Environmental Office - South Zone and is expected to bolster the agency's capacity to mitigate water pollution and preserve the vital marine ecosystem.

The 30-foot catamaran is designed to efficiently collect and carry up to 1 ton of waste.

Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga (middle) receives the symbolic key to a catamaran donated by SM Prime, boosting Manila Bay cleanup efforts.

This donation strengthens the DENR's arsenal in its multifaceted approach to cleaning Manila Bay. The catamaran will enable more efficient removal of floating debris and waste, contributing to the broader effort to improve water quality and restore the bay's ecological health. The partnership with SM Prime exemplifies the power of public-private collaborations in tackling complex environmental challenges.

"This catamaran represents our unwavering commitment to environmental stewardship and our belief in the power of collaboration to create a sustainable future for our communities," said SM Supermalls Vice President Engr. Liza Silerio, emphasizing the shared vision of both organizations. SM Prime's contribution complements the DENR's ongoing initiatives, including the Paranaque Adopt-a-River project, and underscores the importance of collaborative efforts in achieving lasting environmental improvements.

From left: Department of Environment and Natural Resources (DENR) Undersecretary Jonas Leones, DENR National Capital Region (NCR) Regional Executive Director Michael Drake Matias, DENR Assistant Secretary and Environmental Management Bureau Director Jacqueline Caancan, SM Supermalls Vice President Engr. Liza Silerio, DENR Secretary Maria Antonia Yulo-Loyzaga, and SM Prime Estate Management and Development Senior Assistant Vice President Orliber Paule at the catamaran handover ceremony. 

The presence of DENR Secretary Maria Antonia Yulo-Loyzaga and other DENR officials emphasized the agency's commitment to leveraging partnerships to achieve its environmental goals. The catamaran will play a crucial role in the DENR's continued efforts to protect Manila Bay from pollution and preserve its valuable resources for future generations. This collaboration serves as a model for how public and private sectors can work together to address pressing environmental concerns and create a healthier environment.

Join SM's International Coastal Clean-Up 2024 drive and Create Waves of Positive Change

The International Coastal Clean-Up (ICC) is back for another year. Every 3rs Saturday of September, hundreds of thousands of people around the world come together and roll up their sleeves to clean up beaches and waterways. to remove trash and debris from beaches and waterways.

This is shaping up to be the biggest one yet in the Philippines, taking place simultaneously on September 21 in 15 different SM Supermalls across the country: SM By the Bay at SM Mall of Asia Complex, SM Tuguegarao Downtown, SM City Tuguegarao, SM City Bataan, SM City Olongapo Central, SM City Olongapo Downtown, SM City Sorsogon, SM City Legazpi, SM Daet, SM City Puerto Princesa, SM City Roxas, SM City Cebu, SM City Seaside Cebu, SM City Mindpro, and SM City General Santos.

In 2023, SM Cares recorded more than 100,000 kg of trash collected with the help of an estimated 17,000 total volunteers from 15 SM Supermalls nationwide. This year, in celebration of its 20th year of supporting communities and creating a positive impact on the environment, SM Cares aims to double the amount of solid waste collected to 200,000 kg, eyeing a volunteer count of 20,000.

If you're interested in making an impact on the health of our local waters by joining an organized cleanup, SM Cares is inviting you to be part of this year's ICC! Simply fill out the online registration form below:

For participants from NCR, you may register via SM Malls Online through this link: https://click.smmallsonline.com/DFqS/ICC2024

For participants from Cebu, you may register via SM Malls Online at https://click.smmallsonline.com/DFqS/ICCSMSSXSMCC

For outside of NCR and Cebu, you may visit this link: https://bit.ly/ICC2024-Registration

It's so easy to get involved! Grab your friends, family, or coworkers to spend a few hours of meaningful work. And together, we can make a significant impact on our oceans and inspire others to become better stewards of our environment!

SM Cares is the corporate social responsibility arm of SM Supermalls, responsible for initiatives that promote sustainability and the development of the community. SM Cares’ advocacies include programs on Women and Breastfeeding Mothers, Persons with Disabilities, Senior Citizens, and Children and Youth, as well as the Bike-Friendly SM initiative, in addition to its Programs on Environment.

SM Prime Holdings convenes Global Conference on Building Sustainable Communities for The Future

L-R: University of the Philippines Los Baños’ (UPLB) Dean Jennifer Marie Amparo, UPLB Chancellor Jose Camacho Jr., Association of Pacific Rim Universities (APRU) Chief Executive Thomas Schneider, Makati Mayor Abigail Binay, SM Prime and SM Development Corporation (SMDC) Lead Executive for Design, Innovation, and Strategy Jessica Bianca Sy, International Conference on Human Settlements Planning and Development (ICHSPD) Conference Director Edgar Reyes Jr., and APRU-Sustainable Cities and Landscapes Director Yekang Ko

SM Prime Holdings played a pivotal role in advancing sustainable urban development by hosting the 7th annual Association of Pacific Rim Universities – Sustainable Cities and Landscapes (APRU-SCL) 2024 Conference and 3rd International Conference on Human Settlements Planning and Development (ICHSPD) at SMX Convention Center Aura last August 6-8, 2024. The said event, organized by the University of the Philippines Los Baños (UPLB), brought together over 300 experts to discuss innovative solutions for building greener and more resilient cities. Focused on the theme "Advancing Sustainable Cities and Communities Through Science, Technology, and Innovation," the conference highlighted the importance of collaboration in addressing urban challenges.

L-R: Moderator Efraim Roxas, Environmental, Land Use and Urban Planning and Development Bureau (ELUPDB) Director Mylene Rivera, SM Supermalls’ President Steven Tan, and Tohoku University Professor Jeongsoo Yu;
 National Resilience Council (NRC) Executive Director Silvestre Barrameda Jr. showcases SM Supermalls’ resilient infrastructure.

SM’s commitment to sustainability was evident through the participation of its top executives. SM Supermalls’ President Steven Tan showcased SM Supermalls’ eco-friendly practices and community-focused programs.

“Our malls are more than just shopping centers; they are dynamic public spaces, woven into the daily lives of millions of Filipinos. Our comprehensive environmental sustainability programs are deeply inspired by the vision of our Chairman of the Executive Committee, Mr. Hans Sy, a tireless advocate for environmental sustainability and disaster resilience,” Mr. Tan said. SM Supermalls’ President Steven Tan highlights the malls’ sustainability initiatives.

He added, “At SM Supermalls, we leverage science and technology to develop innovative solutions that are seamlessly integrated into the design and operation of our malls. We remain committed to leveraging innovation and collaboration to build a greener, more resilient, and more sustainable future for the Philippines.” SM Prime and SM Development Corporation (SMDC) Lead Executive for Design, Innovation, and Strategy Jessica Bianca Sy, shared the company’s vision of creating sustainable integrated properties that foster lively communities.

National Resilience Council (NRC) Executive Director Silvestre Barrameda Jr. highlighted SM’s role in disaster preparedness. He presented “From Risk to Resilience: The Work of the National Resilience Council in Risk Governance” where he introduced the Resilience Local Government Unit Program (RLGUP), NRC’s approaches and tools and how risk governance is supported by the sciences.

SM Prime’s commitment to sustainability was further emphasized during a breakout session on creating connections and partnerships, hosted by Jonas Marie Dumdum, Senior Consultant and Sustainability Lead of Nomura Research Institute (NRI) Manila Branch. Katherine Custodio, Executive Director of World Wide Fund For Nature (WWF)-Philippines, underscored the significance of collaboration: “Any program that aims to build climate resilience requires strong partnerships and working together across all sectors.” SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. SM Prime is pursuing the next horizon on integrated property development and onward to building sustainable cities of the future.

Embracing Net Zero: The Philippines' Urgent Call to Climate Action

The typhoon season  has once again underscored the Philippines' vulnerability to extreme weather conditions. As the nation grapples with the aftermath of tropical cyclones, it is clear that being part of the global conversation on achieving net zero emissions is important. The torrential rains and severe flooding affecting thousands of Filipinos every year are likely to become more severe in the future. These and more have highlighted the urgency for the Philippines to be an active participant in the fight against climate change to mitigate future impacts in addition to contributing to global solutions.

The concept of net zero refers to balancing the amount of greenhouse gases emitted with an equivalent amount removed from the atmosphere. For the Philippines, a country frequently in the crosshairs of severe weather, achieving net zero is a crucial step towards enhancing climate resilience. The recent typhoon has made it evident that the country cannot afford to be a bystander in the global efforts to combat climate change. Instead, it must be a proactive player, advocating for and implementing strategies that contribute to the global net zero target.

One of the key areas where the Philippines can make a significant impact is by leveraging its abundant natural resources to transition to renewable energy sources. By increasing investments in solar, wind, and hydroelectric power, the nation can reduce its reliance on fossil fuels, thereby lowering its carbon footprint.

This transition is crucial for achieving net zero and offers the added benefit of creating a more resilient energy infrastructure less susceptible to disruptions caused by extreme weather.

SM Prime Holdings, Inc. recognizes the equal importance and urgency of both climate change adaptation and mitigation that it continuously invests 10% of its Capital Expenditure (CAPEX) heavily in sustainability and disaster resilience design as part of its strategy.

A significant initiative supporting this commitment is SM Prime’s pledge to achieve net zero emissions by 2040. As the country’s leading integrated sustainable property developer, SM had committed to the Science-Based Targets Initiative (SBTi), a recognized global standard for corporate decarbonization targets. And this makes SM one of the few leading corporations in the Philippines to do so. To ensure that its long-term science-based targets for 2030 and 2040 aligns with the global commitment to achieve net zero by 2050, SM Prime collaborates with the World-Wide Fund for Nature Philippines (WWF) through their Corporates for a Better Planet Initiative (CBPI) program. CBPI is WWF-Philippines' flagship program which encourages private corporations to operate more sustainably amidst the climate crisis, with focus on decarbonization and resilience. 

Under this initiative, SM Prime is working to establish science-based targets that align with global commitments to achieve net-zero emissions by 2050. This CBPI collaboration allows SM Prime to assess its current sustainability practices, implement effective strategies for improvement, and ensure that its sustainability initiatives are impactful and aligned with global standards

 

Using solar panels or other renewable energy sources lowers the carbon footprint, leading to reduced greenhouse gas emissions and decreased reliance on non-renewable energy.

This ambitious target is supported by concrete actions, such as the installation of onsite solar panels across various properties and strategic partnerships for renewable energy sourcing. These initiatives not only reduce the company's carbon footprint but also set a precedent for other businesses to follow, demonstrating that sustainable practices can be integrated into core business operations. 

Through its partnership with WWF-Philippines, SM Prime advances its sustainability goals and contributes to a broader movement towards environmental stewardship in the Philippines as well. 

SM Prime commits to place climate action at the forefront of its sustainability agenda. It pledges to advance every person’s right to a better quality of life through heightened climate action, disaster risk reduction, biodiversity protection, and strategic corporate social responsibility programs.

SM Prime launches its "SM Sustainability Scholarship" program in partnership with the University of the Philippines Los Baños (UPLB)

 

 

Leading integrated property developer SM Prime Holdings, Inc. (SM Prime) has launched a scholarship program in partnership with the University of the Philippines Los Baños (UPLB).

Aptly called the "SM Sustainability Scholarship," the initiative was inspired by the late Henry Sy Sr.'s belief in the power of education and driven by their commitment to sustainability.  It  reflects SM Prime's commitment to both educational access and sustainability stewardship.

The program intends to  support ten deserving students through their undergraduate studies at UPLB, providing them with the opportunity to pursue degrees in either Bachelor of Science in Human Ecology or Bachelor of Science in Forestry. These fields align with SM Prime's focus on building resilient communities and fostering a sustainable future.

The scholarship recipients, meticulously chosen for their academic excellence and dedication to sustainability, were formally recognized during a meet-and-greet gathering at UPLB, marking the start of their journey as SM Sustainability Scholars.

Each scholar will receive a full scholarship covering tuition fees, a monthly living allowance, and a book allowance, ensuring they can focus on their studies without financial worries. During the gathering, College of Human Ecology (CHE) Dean Dr. Jennifer Amparo expressed that the pursuit of sustainability is most effectively undertaken collaboratively.
educational experience and initiatives for our students. Rest assured that we will continue providing support to our students in ensuring their growth and success in both academia and beyond.”

Meanwhile, SM Prime AVP and Head of Marketing, PR and Corporate Communications, Rida Reyes-Castillo, echoed that the fundamental values of the company are intricately interwoven with both education and sustainability.

“SM Group’s founder, Mr. Henry “Tatang” Sy, Sr. believed that education is a great equalizer, and he envisioned that sending one child to college would create ripples of social good not just for families but for an entire community,” she said. “The improvement of the well-being of the youth and the partner communities is something that we at SM invest in.

For decades, the SM group has embraced the responsibility to contribute to nation building through social good programs that are geared towards quality education, sustainable agriculture, healthcare, and disaster response. By helping improve the quality of life of the people in these host communities, social development and investment go hand in hand with business growth to achieve a better future for all.

SM Prime looks into Japanese firm partnership for waste-to-fuel solutions

SM Prime Holdings, Inc. (SM Prime) recently signed a memorandum of understanding with Japan’s GUUN Co. Ltd. to explore a potential partnership to implement waste management solutions by recycling waste paper and plastics as an alternative source of energy called ‘fluff fuel’.

Fluff Fuel technology Guun Co., Ltd. recycles raw plastic materials to produce Fluff Fuels, which provide eco-friendly, alternative fuel source. The name “Fluff fuel” comes from the word fluffy, and they are one of the highest grades RDF (Refuse Derived Fuel) which are produced from shredded and compressed plastics, papers, and fibers. These are often used as fuel alternatives to coal or heavy oil in most paper mill manufacturers and power companies in Japan, as well as cement companies overseas.

Since then, Japan’s Ministry of the Environment has adopted GUUN’s waste-to-fuel technology as a model for advanced low-carbon technology innovation for further deployment in developing countries.“This will be a milestone partnership for us,” GUNN Chief Executive Officer Shinji Fujieda said after the signing ceremony. "I understand very much how important waste management is for SM and for the Philippines and we look forward to more projects we can do with the properties of SM Prime.”

SM Prime’s initiatives for waste management include waste reduction and effective waste collection and segregation. Over the years, it has implemented programs such as Trash to Cash, Plastic Waste Collection, and E-Waste Collection that have contributed to reducing the total solid waste generation across its real estate portfolio.

Through its pioneering Trash-to-cash recycling market, SM Prime has collected and recycled 1.4M kg of plastics, paper, metals, and others in 2022. “We have saved 16,766 trees from the 986,222 kg of paper recycled,” SM Prime disclosed in its 2022 Integrated Report to shareholders.

Meanwhile, SM’s Plastic Waste Collection program, a partnership with the Plastic Credit Exchange that was launched in February 2021, has accumulated 42,541kg of plastic waste from 14 mall sites. Also present in all its 83 SM Supermalls is the E-Waste Collection program for the responsible disposal of WEEE (Waste from Electrical and Electronic Equipment). This drive has helped process close to 7,000 kilograms of e-waste.

SM Prime inks partnership with UPLB for sustainability scholarship

 

SM Prime Holdings Inc. (SM Prime) has partnered with the University of the Philippines Los Baños (UPLB) to further promote the country’s pursuit of sustainable development.

Through a scholarship grant, SM Prime aims to assist select students pursue undergraduate degrees in Bachelor of Science in Human Ecology (BSHE) and Bachelor of Science in Forestry (BSF) – courses geared towards sustainability.

The scholarship will be awarded to students from low-income households in Pasay City intended to provide better employment prospects and help reduce poverty and inequality, which are major obstacles to sustainable development.

Collaboration for innovation and sustainability

In an interview, UPLB Chancellor Dr. Jose Camacho, Jr. shared his optimism about the partnership, citing the impact of education, especially sustainability-related fields of studies, in social and economic mobility.

“The scholarship will enable more students to pursue their studies in areas related to sustainability such as environmental science, renewable energy, and sustainable agriculture. By investing in education in these areas, we are preparing a new generation of leaders who will have the knowledge and skills to address the complex environmental and social challenges facing our world today,” Dr. Camacho said.

"It will encourage research and development in areas related to sustainability. By providing support for students to pursue advanced studies, we are creating a pipeline of future researchers and innovators who can develop solutions to pressing environmental and social problems,” he added.

The UPLB chancellor believes that the scholarship can produce competent leaders capable of solving complex environmental and social challenges, and create a pipeline of innovative researchers.

He further stressed how fostering collaborations and innovation in sustainability between the academic community and the private sector can lead to new environmentally and socially responsible products, technologies, and services that contribute to the Sustainable Development Goals.

Ripples of Social Good

SM Prime aims to assist select students pursue undergraduate degrees in Bachelor of Science in Human Ecology (BSHE) and Bachelor of Science in Forestry (BSF) through a scholarship grant . SM Prime hopes to create ripples of social good within families and communities by supporting the education of would-be scholars. Its ultimate goal is to contribute to the development of a more sustainable and equitable society.

The scholarship will be awarded to students from low-income households in Pasay City. By enabling students to pursue their education without financial burden, the foundation is able to provide better employment prospects and help reduce poverty and inequality---- which are major obstacles to sustainable development.

“The scholarship will enable more students to pursue their studies in areas related to sustainability such as environmental science, renewable energy, and sustainable agriculture,” said UPLB Chancellor Dr. Jose Camacho Jr.

“By investing in education in these areas, we are preparing a new generation of leaders who will have the knowledge and skills to address the complex environmental and social challenges facing our world today,” he added.

SM Prime AVP and Head of Marketing, PR, and Communications Rida Reyes Castillo shared that the partnership between SM Prime and UPLB is a testament to the shared commitment of both institutions towards promoting sustainability and creating a better future for the next generation.

The SM Prime Sustainability Scholarship is open to students from Pasay City, under UPLB’s BSHE and BSF programs with an annual gross family income of not more than ₱150,000.

Interested applicants may contact the UPLB OSG at +63 49 536 3209 for more information, or send queries via email at osg.uplb@up.edu.ph.

SM Prime: Building Better, Greener Offices

In two years that the world faced the impacts of the COVID-19 pandemic, awareness on the importance of sustainability in everyday living had been highlighted. Environmental awareness eventually caught on through practices such as shifting to paperless, reducing plastic use and planting more trees.  And for property developers, taking part in this movement means transitioning into green, environmentally sound offices and developments.

Such is the case for SM Prime Holdings, Inc. (SM Prime), a publicly listed subsidiary of SM Investments Corporation (SMIC). It is transforming the way urban spaces are built and managed as it commits to building innovative and sustainable lifestyle cities. SM Prime is future-proofing its developments to be more responsive and adaptive to community needs and the effects of climate change. It recognizes the importance of green spaces and had developed comprehensive sustainability goals ranging from energy to ecology.

Over the years, SM Prime has continued to elevate its approach to building and development of community spaces. All these green initiatives have been recognized by reputable and well-known organizations such as the U.S. Green Building Council (USGBC) which awarded Conrad Hotel Manila and SM Aura Premier the Gold certification for Leadership in Energy and Environmental Design (LEED) in 2016 and 2017, respectively.

“When we build, we build with the community in mind. This is why it is important to integrate sustainability in our developments and operations. We remain committed as an environmentally-conscious and responsible integrated property developer ready to serve the ever-changing needs and aspirations of our communities and stakeholders,” said SM Prime President Jeffrey Lim.

having the whole life cycle of a building in mind. We invest a tenth of our capital expenditure to ensure that sustainability is integrated into our properties as we carefully plan our developments for our communities, the environment, and future generations ,” SM Prime’s Mr. Lim said.

SM Prime, UNDRR commend women leaders in disaster resilience

SMPHI is sponsoring Women’s International Network on Disaster Risk Reduction (WIN DRR) Leadership Awards, a flagship program of the United Nations Office for Disaster Risk Reduction (UNDRR).

SMPHI Vice President for Corporate Compliance Liza B. Silerio said that the support is aligned with the company’s drive to recognize women’s leadership in disaster risk reduction. “This is important in inspiring other women to fully and effectively participate in promoting gender equality and empowerment while building our collective resilience.”

UN Special Representative of the Secretary-General for Disaster Risk Reduction Mami Mizutori expressed gratitude for the support, stating, “The awards highlight the key role of women as leaders and agents of change in building resilience and actively participating in the creation and implementation of DRR strategies, policies, plans and programs in their regions. Their stories reflect the diversity of solutions required to meet the converging challenges of accelerating climate change and disasters in the region.”

“We look forward to continued collaboration with SM in our DRR agenda,” Secretary General Mizutori added.

There were 15 shortlisted finalists from 420 nominations received from across 24 Asia-Pacific countries in the WIN DRR Excellence Awards 2022 sponsored by SM Prime. Pacific geo-hazards expert Esline Garaebiti & Indian researcher of river flood risk Dr. Homolata Borah were awarded top honours for achieving exceptional professional success in DRR at the Asia Pacific Ministerial Conference on Disaster Risk Reduction in Brisbane last September 21, 2022. Excellence award winner, Ms. Garaebiti is the Director General of the Ministry of Climate Change Adaptation, Meteorology, Geo-Hazards, Environment, Energy and Disaster Management in Vanuatu, while Rising Star award winner Dr. Borah, works with communities on Majuli, the world’s largest inhabited river island where river erosion is an existential issue. The awards come with a cash prize to celebrate women's achievements in reducing disaster risk. There are two award categories – the Excellence Award, proudly sponsored by SM Prime Inc., worth US$10,000 and the Rising Star Award worth US$7,500.

The WIN DRR partnership is consistent with SM Prime Holdings’ social commitment towards women empowerment, resilience, good health and well-being of women. The company’s corporate social responsibility arm, SM Cares, supports programs that advance these causes.

The Women's International Network on Disaster Risk Reduction (WIN DRR) is a professional network to support women working in disaster risk reduction, in all their diversity. Its overall goal is to empower women to attain leadership and enhance their role in decision-making in disaster risk reduction in Asia-Pacific. The WIN DRR Philippine Network is powered by SM Prime and Asia Pacific College.

Earlier this year, SM Prime through its SM CARES, partnered with UNDRR in celebrating women empowerment through a webinar on the role of women in disaster resilience. In her keynote message, Mizutori emphasized “women’s equal participation and leadership in public life including disaster risk reduction is important and it is also essential to reducing disaster risk in achieving the United Nations sustainable development goals.”

Visit www.smprime.com for more information on SM Prime Holdings and its other programs towards disaster preparedness.

SM Prime forges partnership with WWF Philippines towards driving Fundamental Climate Change Solutions

 

SM Prime Holdings, Inc., and leading conservation organization World Wild Fund for Nature (WWF) Philippines have entered a collaboration in adopting a more robust reporting framework to address the climate crisis.
Sustainability at SM Prime is at the core of its corporate identity. SM Prime is at the forefront of spearheading sustainable practices as well as setting records in pioneering programs to consciously protect the environment and strongly focus on resilience in its developments.

This major partnership of WWF with a Philippine company is expected to develop practical pathways to decarbonization. Under the partnership, SM Prime will adopt the Corporates for a Better Planet Initiative (CBPI), WWF-Philippines’ flagship program that provides an actionable framework for organizations to operate sustainably within the paradigm of the climate crisis.

“We are delighted to work with WWF Philippines on this sustainable journey. Focusing sustainability within the context of the Philippines ensures that our strategies and projects are highly material, efficient and more responsive in addressing local concerns surrounding resilience and adaptation. We need to be one with the worldwide community to achieve this and we need to work with global experts to get this right,” SM Prime President Jeffrey C. Lim said.

Climate change is one of the most pressing and defining global issues today. The Philippines is extremely vulnerable to climate change. It currently ranks third globally when it comes to climate change vulnerability. Due to its geographical location, it is more exposed to altering intensities of climate change manifested through erratic weather systems and natural calamities.

Organizations should rise up to the challenge and set the tone from the top in delivering transformative change as they transition to net zero commitment. Curbing global temperature rise will take commitment and partnership. Businesses should reduce its own greenhouse gas emissions, increase energy efficiency, and take other steps to reduce its carbon footprint. Firms typically fail to properly assess their implications. The CBPI program takes a holistic approach towards this pivotal issue, addressing these risks from a custom-built, science-based perspective.

By partnering with the WWF, SM Prime will be able to enhance and determine climate change solutions that will be reflected through responsible and transparent reporting.

The first phase of CBPI involves gauging where SM Prime stands in its sustainability initiatives and setting a science-based target in line with the Paris Agreement’s goal of limiting global warming to 1.5°C compared to pre-industrial levels. SM Prime published its first Integrated Report in 2021 under the Integrated Reporting Framework which provides an overview of our value creation model — how we seek to create value for our stakeholders by contributing to national progress through investments and interventions critical to the country’s socio-economic growth.

As a champion of climate action in the Philippines, SM Prime’s partnership with WWF adds another enhancement to transparent reporting by ensuring greenhouse gas (GHG) computations are accurate and use appropriate methodologies. This partnership forms part of group-wide efforts under the SM Green Movement that aims to improve the quality of life of communities through sustainable solutions to promote a green planet, green living and a green culture.

SM Prime’s partnership with WWF dates back to 2007 under Hamilo Coast, its leisure resort development in Nasugbu, Batangas.

WWF closely monitors the health and viability of the Hamilo Coast area including three of its coves designated as Marine Protected Areas (MPAs)—the Pico de Loro, Etayo and Santelmo. And in recognition of its conservation efforts, Hamilo Coast was cited by WWF-Philippines as its longest standing Sustainability Partner in 2020.

Mall of Asia (MOA) Complex: An Exceptional Milestone in Disaster Resilience

The SM Mall of Asia (MOA) is a popular destination for unforgettable gastronomic and recreational experiences. This 67-hectare Mall of Asia Complex was deemed to be the Philippines' largest shopping mall located at Bay City, Pasay, Philippines, within the SM Central Business Park when it opened in 2006.

Did you know that the reclaimed area within Manila Bay on which MOA stands is engineered to withstand disasters caused by natural hazards? The foundation of the Mall of Asia Complex was built to be safe and secure because SM Prime Holdings, Inc. incorporates disaster resiliency measures in every project, with the MOA Complex as one of its biggest investments.

As one of Southeast Asia’s largest integrated property developers, SM Prime collaborated with a team of local and international experts to ensure the feasibility of both water and land before the MOA complex was built. and once finalized, Belgium’s renowned coastal development construction company, Jan de Nul, developed it from the ground up.

Jan de Nul made sure the terrain was stable and the complex’s roads were made resistant to earthquakes and erosion, in accordance with the National Structural Code of the Philippines and approved by both the Philippine Reclamation Authority and the National Government.