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
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.
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
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.
#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 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 managementpractices, 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.
Prosperity for all
SM Prime’s developments serve as catalysts for socio-economic progress, delivering tangible benefits to all
stakeholders. Founded by Henry Sy, the company remains committed to his vision of bringing world-class
developments to the Philippines. A vision perfectly exemplified through the Mall of Asia Complex which offers a blueprint for future cities that go beyond commercial success to embrace a holistic approach to urban
development.
SM Prime celebrated its 30th year as a publicly listed company last July 23, signifying three decades of service
and transformative growth in the Philippine real estate industry.
“True leadership is marked by a solid dedication to collective success. Our journey at SM Prime demonstrates
the power of dreaming big and the incredible achievements that follow when you pursue those dreams with
determination and hard work.” – JEFFREY C. LIM, SM PRIME PRESIDENT AND CEO
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