(26 January 2021. Pasay City, Philippines) SM Investments Corporation (SMIC) attained a Gold Rank for the third straight year for its 2019 Sustainability Report from the Asia Sustainability Reporting Rating (ASRRAT) organized by the National Center for Sustainability Reporting (NCSR) in Indonesia.
Sustainability reporting provides key stakeholders with an understanding of the impacts of key business activities to future needs and the strategic actions taken by companies in response to these impacts.
“We are grateful for this recognition by our international partner, the National Center for Sustainability Reporting. This demonstrates our commitment to integrating sustainable practices in the way we conduct all of our businesses,” SMIC President and CEO Frederic C. DyBuncio said.
Established in 2005, NCSR is the first independent organization to develop sustainability reporting in Indonesia. In 2011, it was appointed by the Global Reporting Initiative as the Official GRI Training Partner for Southeast Asia.
As an acknowledgment and appreciation of companies that have made sustainability reports, the ASRRAT rewards outstanding attempts to communicate corporate performance in three aspects (economics, social, and environment) and primarily focuses on transparency and reporting compliance to sustainability reporting guidelines developed by the GRI.
Click to view the 2019 Sustainability Report
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