SM is focused on enhancing the sustainability of its ecosystem of businesses and is actively addressing the climate adaptability of our businesses, our cities and communities. We have divided our efforts into two initiatives which are SM For Good and SM Green Movement.
Our capital-intensive property and banking businesses reinvests their earnings to fund their growth, for example, while our retail business uses a capital light model to keep overhead costs at a minimum allowing them to be competitive and agile. We measure each of our businesses against best-in-class financial performance criteria appropriate for their sectors.
SM Retail
BDO Unibank Inc.
SM Prime Holdings
China Banking Corporation
Portfolio Investments
“Our Businesses continued to perform resiliently, recovering well as conditions allowed. Our banking and residential businesses performed well as we also continued to invest in long term expansion with new stores, bank, branches, residential project launches, and investments in malls, as well as taking a majority stake in 2GO in our equity investment portfolio.”
Ricky DyBuncio
President and CEO