(29 November 2019, Pasay City, Philippines) SM Investments Corporation (SM) received a Gold award for its 2018 Sustainability Report for the second consecutive year from the National Center for Sustainability Reporting (NCSR) in the recently held Asia Sustainability Reporting Rating (ASR Rating) 2019 in Indonesia.
The award is given to companies that successfully communicate their annual sustainability performance through comprehensive reports aligned with the standards of the Global Reporting Initiative. Only two Philippine companies were awarded – SM and hydropower energy company, San Roque Power Corporation.Congratulations to SM Investments Corporation for its 2nd GOLD Rank Award. Our ASRRAT 2019 Jury, composed of professors from various universities as well as practitioners and experts within the ASEAN region, has found SM’s report to be in accordance with the GRI Standards, thus the recognition,” Dr. Ali Darwin, Chairman, National Center for Sustainability Reporting said.
About SM Investments Corporation
SM Investments Corporation is a leading Philippine company that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified with its food, non-food, and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the 6th largest bank.
For more about SM, visit smicweb.smicit.com
For further inquiries, please contact:
Paul Arcenas
VP, Planning and Corporate Communications
SM Investments Corporation
E-mail: paul.arcenas@sminvestments.com
Tel. No. (632) 8857-0100 local 1039