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.
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