{"id":739,"date":"2025-04-10T01:23:14","date_gmt":"2025-04-10T01:23:14","guid":{"rendered":"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/?page_id=739"},"modified":"2025-04-20T09:39:03","modified_gmt":"2025-04-20T09:39:03","slug":"our-approach-to-sustainability","status":"publish","type":"page","link":"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/our-approach-to-sustainability\/","title":{"rendered":"Our Approach to Sustainability"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"739\" class=\"elementor elementor-739\">\n\t\t\t\t<div class=\"elementor-element elementor-element-cf96d4c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"cf96d4c\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-71e2881 elementor-widget elementor-widget-heading\" data-id=\"71e2881\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our Approach to Sustainability<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1202888 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"1202888\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">At SM, sustainability is woven into how we operate and grow. We focus on practical\nsolutions that drive environmental responsibility, social progress and long-term\neconomic growth, creating meaningful impact where it matters most.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a218ca elementor-widget__width-initial elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2a218ca\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b57eb7 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"7b57eb7\" data-element_type=\"container\" data-e-type=\"container\" id=\"bg-70\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;curve&quot;,&quot;shape_divider_bottom&quot;:&quot;curve&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8cad0a3 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"8cad0a3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-39936e6 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"39936e6\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-91d6f44 elementor-widget elementor-widget-image\" data-id=\"91d6f44\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1020\" height=\"1020\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/environmental.png\" class=\"attachment-full size-full wp-image-746\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-943bb57 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"943bb57\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d89c7c elementor-widget elementor-widget-heading\" data-id=\"3d89c7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Environmental Stewardship:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f942e7b elementor-widget elementor-widget-heading\" data-id=\"f942e7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Minimizing Impact, Maximizing Efficiency<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d326c4f elementor-widget elementor-widget-text-editor\" data-id=\"d326c4f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tWith our extensive business footprint, we do our share in conserving natural resources and protecting the environment both life on land and in water. We employ the \u201cavoid, reduce, reuse, recycle and repurpose\u201d approach in utilizing resources for operations and product development. We implement programs on waste management, plastic management, energy management and water management. We have invested in a waste-to-fluff fuel partnership with GUUN to reduce plastics footprint and develop alternative sources of energy. We actively implement water recycling initiatives to optimize consumption and reduce environmental impact.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-fd2f01a e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"fd2f01a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;curve&quot;,&quot;shape_divider_bottom&quot;:&quot;curve&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8bac6e8 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"8bac6e8\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-948f03c e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"948f03c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50dae69 elementor-widget elementor-widget-image\" data-id=\"50dae69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1061\" height=\"1061\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Social-Responsibility.png\" class=\"attachment-full size-full wp-image-755\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4c31511 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"4c31511\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c9a8bba elementor-widget elementor-widget-heading\" data-id=\"c9a8bba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Social Responsibility:<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-98203a3 elementor-widget elementor-widget-heading\" data-id=\"98203a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Creating Opportunities and Promoting Inclusion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20aee2e elementor-widget elementor-widget-text-editor\" data-id=\"20aee2e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tAt the core of our sustainability efforts are our own people and the communities we serve. We champion equal opportunity ensuring fair and inclusive workplaces in every part of our business. Meanwhile, we do not leave anyone behind as we strive for social development by providing access to education, healthcare and livelihood. These efforts are complementary in creating equal opportunities and promoting social inclusion whenever SM is present.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a07e06d e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"a07e06d\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;shape_divider_top&quot;:&quot;curve&quot;,&quot;shape_divider_bottom&quot;:&quot;curve&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-shape elementor-shape-top\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t\t\t<div class=\"elementor-shape elementor-shape-bottom\" aria-hidden=\"true\" data-negative=\"false\">\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 1000 100\" preserveAspectRatio=\"none\">\n    <path class=\"elementor-shape-fill\" d=\"M1000,4.3V0H0v4.3C0.9,23.1,126.7,99.2,500,100S1000,22.7,1000,4.3z\"\/>\n<\/svg>\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-08e32a5 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"08e32a5\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t<div class=\"elementor-element elementor-element-d2709cf e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"d2709cf\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b14e1ed elementor-widget elementor-widget-image\" data-id=\"b14e1ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1061\" height=\"1061\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Driving-Economic.png\" class=\"attachment-full size-full wp-image-759\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-f007b52 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"f007b52\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-59baa43 elementor-widget elementor-widget-heading\" data-id=\"59baa43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Driving Economic Growth<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f07d7b6 elementor-widget elementor-widget-text-editor\" data-id=\"f07d7b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\tThe synergy of our core businesses\u2014retail, property, and banking\u2014fuels local economies, transforming emerging cities into thriving urban hubs. This serves as a platform to foster the creation of MSMEs, and local job creation. The availability of office spaces, hotels, and convention centers boost local tourism and attract businesses and foreign investments in the city. Lastly, the mixed use of residential and commercial spaces, encourage aspirational lifestyles which contribute to economic activity.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9920923 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"9920923\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-7455183 elementor-widget elementor-widget-heading\" data-id=\"7455183\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Our Valued Resources<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-03b42e3 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"03b42e3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">At SM, sustainability is woven into how we operate and grow. We focus on practical solutions that drive environmental\nresponsibility, social progress and long-term economic growth, creating meaningful impact where it matters most.<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68833a6 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"68833a6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1085\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/our-valued-resources-1.png\" class=\"attachment-full size-full wp-image-772\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-d47298c e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"d47298c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-bdf346a e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"bdf346a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3d8856d elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"3d8856d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1073\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Manufactured-Capital-MOA.png\" class=\"attachment-full size-full wp-image-781\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-717667b elementor-widget elementor-widget-heading\" data-id=\"717667b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Manufactured Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39f38ed elementor-widget elementor-widget-text-editor\" data-id=\"39f38ed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>With 84% of Filipinos expected to live in cities by 2040, SM aligns with the Philippine Urbanization Plan to build inclusive, resilient and sustainable cities. We continue to develop integrated lifestyle cities ensuring accessibility, economic opportunities and social cohesion. To date, we have 22 integrated lifestyle cities and 87 malls that serve as key community and economic hubs.<\/p><p>Our property arm, SM Prime, is investing in a 360-hectare Integrated Property Development with the Pasay City government. The master plan is set to be finalized in the first half of 2025, paving the way for horizontal development to begin in 2026.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-2f102ba e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"2f102ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9560560 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"9560560\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1073\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/SM-in-Focus-QR.png\" class=\"attachment-full size-full wp-image-790\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-047bbed elementor-widget elementor-widget-heading\" data-id=\"047bbed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Intellectual Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5942da3 elementor-widget elementor-widget-text-editor\" data-id=\"5942da3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As a leader in multiple industries, the SM brand is one of the most recognized and trusted names in the country, shaping the way Filipinos shop, live and work. Complementing this is the country\u2019s largest and longest-running loyalty program, SMAC (SM Advantage Card) with 10.7 million members enjoying exclusive perks, discounts, and rewards.<\/p><p>In the last quarter of 2024, we launched SM in Focus, a YouTube platform hosted by award-winning journalist Rico Hizon, offering an in-depth look at our businesses, social good and sustainability efforts.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-b23ed3e e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"b23ed3e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b2bad03 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"b2bad03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1073\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Natural-Capital-Green-Finds.png\" class=\"attachment-full size-full wp-image-780\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c2fc87 elementor-widget elementor-widget-heading\" data-id=\"3c2fc87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Natural Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e7b7d4d elementor-widget elementor-widget-text-editor\" data-id=\"e7b7d4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Environmental preservation is integral to SM\u2019s growth strategy. We aim to reduce our carbon footprint by 40% by 2040 as reflected in our investments in green infrastructure, renewable energy projects and sustainable sourcing.<\/p>\n<p>A key initiative is our partnership with GUUN through SM Prime to optimize waste management and upcycling, while BDO continues to fund renewable energy projects.<\/p>\n<p>In October, we organized the PlasTIK Conference with the Department of Science and Technology (DOST), advocating for responsible plastic use and waste management. We also expanded our Green<br>Finds program, providing customers with more eco-friendly products, while Watsons accelerated its Sustainability efforts with over 1,600 green SKUs, refill stations and the launch of the Greener Store concept.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c412ad2 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"c412ad2\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-618b15d elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"618b15d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2344\" height=\"1290\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/valued-resources-2.png\" class=\"attachment-full size-full wp-image-769\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-c750f30 e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"c750f30\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-d31d020 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"d31d020\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-03f1ac2 elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"03f1ac2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1073\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Social-Capital-Farmers.png\" class=\"attachment-full size-full wp-image-779\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7f09c4 elementor-widget elementor-widget-heading\" data-id=\"f7f09c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Social Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-09de43f elementor-widget elementor-widget-text-editor\" data-id=\"09de43f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We continue to expand through sustainable partnerships that uplift businesses and communities. SM supports over 100,000 MSMEs through our retail and property network, offering accessible platforms for growth. SM for MSMEs offers small businesses affordable booth rentals in SM malls for as low as PHP500 per day. Supporting over 600 purveyors nationwide, it provides a strategic opportunity to reach the right market and grow into future mall tenants.<\/p><p>Supporting education and employment, 1,000 new<br \/>scholarships were awarded by SM Foundation in 2024, the highest in our history and 70,000+ job seekers were connected through Trabaho para sa Bayan: J.O.B.S (Job Opportunities Building Skills), leading to 11,000 hires across 130 job fairs. Additionally, SM Foundation\u2019s KSK Farmers\u2019 Training Program continues to support agricultural communities by providing essential skills and resources.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-59c8d34 e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"59c8d34\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-3fb3f2d elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"3fb3f2d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1075\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Atty-Lily-Human-Capital-1.png\" class=\"attachment-full size-full wp-image-802\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8a387dd elementor-widget elementor-widget-heading\" data-id=\"8a387dd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Human Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b7ac77 elementor-widget elementor-widget-text-editor\" data-id=\"0b7ac77\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our inclusive workplace policies champion equal opportunity, meritocracy, and anti-<br \/>discrimination while fostering a supportive environment with facilities such as meditation rooms, breastfeeding areas and gender-neutral restrooms.<\/p><p>With women comprising 64% of our workforce and holding 58% of senior leadership roles, we actively track and enhance leadership opportunities for women through comprehensive training, mentorship, and career growth programs, ensuring a diverse and empowered workforce. This year, we welcomed our new Independent Board Director, Atty. Lily Gruba, bringing women\u2019s representation on our board to one-third.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-de819eb e-con-full e-flex wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-child\" data-id=\"de819eb\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-a389b4e elementor-widget__width-initial elementor-widget elementor-widget-image\" data-id=\"a389b4e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1074\" height=\"1075\" src=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/wp-content\/uploads\/2025\/04\/Financial-Capital.png\" class=\"attachment-full size-full wp-image-778\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1385fed elementor-widget elementor-widget-heading\" data-id=\"1385fed\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Financial Capital<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c5954ce elementor-widget elementor-widget-text-editor\" data-id=\"c5954ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Our financial practices are guided by our vision of building sustainable businesses that drive responsible development. We prioritize sustainable returns, maintain strong balance sheets and adhere to prudent fiscal practices.<\/p><p>In 2024, we strengthened our financial position by launching our Euro Medium-Term Note (EMTN) Program, providing flexibility in global capital markets to fund<br \/>strategic expansion. Following its establishment, we successfully completed a USD 500 million drawdown in July, with the issuance oversubscribed by 3.2x, reaching<br \/>USD 1.6 billion in demand. The 5-year note was priced at 5.466% with a 5.375% coupon.<span style=\"font-style: inherit; font-weight: inherit;\"><br \/><\/span><\/p><p><span style=\"font-style: inherit; font-weight: inherit;\">As early adopters of International Financial Reporting\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit;\">Standards (IFRS)S1 and S2, we integrate finance with\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit;\">sustainability, reinforcing our commitment to long-term\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit;\">growth, climate risk management and shared stakeholder\u00a0<\/span><span style=\"font-style: inherit; font-weight: inherit;\">value.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-08ee8ca e-flex e-con-boxed wpr-particle-no wpr-jarallax-no wpr-parallax-no wpr-sticky-section-no e-con e-parent\" data-id=\"08ee8ca\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-c21137d elementor-align-center elementor-widget elementor-widget-button\" data-id=\"c21137d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.sminvestments.com\/2024smicintegratedreport\/sustainability_report_2024\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">View Our 2024 Sustainability Report<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Our Approach to Sustainability At SM, sustainability is woven into how we operate and grow. We focus on practical solutions that drive environmental responsibility, social progress and long-term economic growth, creating meaningful impact where it matters most. Environmental Stewardship: Minimizing Impact, Maximizing Efficiency With our extensive business footprint, we do our share in conserving natural resources and protecting the environment both life on land and in water. We employ the \u201cavoid, reduce, reuse, recycle and repurpose\u201d approach in utilizing resources for operations and product development. We implement programs on waste management, plastic management, energy management and water management. We have invested in a waste-to-fluff fuel partnership with GUUN to reduce plastics footprint and develop alternative sources of energy. We actively implement water recycling initiatives to optimize consumption and reduce environmental impact. Social Responsibility: Creating Opportunities and Promoting Inclusion At the core of our sustainability efforts are our own people and the communities we serve. We champion equal opportunity ensuring fair and inclusive workplaces in every part of our business. Meanwhile, we do not leave anyone behind as we strive for social development by providing access to education, healthcare and livelihood. These efforts are complementary in creating equal opportunities and promoting social inclusion whenever SM is present. Driving Economic Growth The synergy of our core businesses\u2014retail, property, and banking\u2014fuels local economies, transforming emerging cities into thriving urban hubs. This serves as a platform to foster the creation of MSMEs, and local job creation. The availability of office spaces, hotels, and convention centers boost local tourism and attract businesses and foreign investments in the city. Lastly, the mixed use of residential and commercial spaces, encourage aspirational lifestyles which contribute to economic activity. Our Valued Resources At SM, sustainability is woven into how we operate and grow. We focus on practical solutions that drive environmental responsibility, social progress and long-term economic growth, creating meaningful impact where it matters most. Manufactured Capital With 84% of Filipinos expected to live in cities by 2040, SM aligns with the Philippine Urbanization Plan to build inclusive, resilient and sustainable cities. We continue to develop integrated lifestyle cities ensuring accessibility, economic opportunities and social cohesion. To date, we have 22 integrated lifestyle cities and 87 malls that serve as key community and economic hubs. Our property arm, SM Prime, is investing in a 360-hectare Integrated Property Development with the Pasay City government. The master plan is set to be finalized in the first half of 2025, paving the way for horizontal development to begin in 2026. Intellectual Capital As a leader in multiple industries, the SM brand is one of the most recognized and trusted names in the country, shaping the way Filipinos shop, live and work. Complementing this is the country\u2019s largest and longest-running loyalty program, SMAC (SM Advantage Card) with 10.7 million members enjoying exclusive perks, discounts, and rewards. In the last quarter of 2024, we launched SM in Focus, a YouTube platform hosted by award-winning journalist Rico Hizon, offering an in-depth look at our businesses, social good and sustainability efforts. Natural Capital Environmental preservation is integral to SM\u2019s growth strategy. We aim to reduce our carbon footprint by 40% by 2040 as reflected in our investments in green infrastructure, renewable energy projects and sustainable sourcing. A key initiative is our partnership with GUUN through SM Prime to optimize waste management and upcycling, while BDO continues to fund renewable energy projects. In October, we organized the PlasTIK Conference with the Department of Science and Technology (DOST), advocating for responsible plastic use and waste management. We also expanded our GreenFinds program, providing customers with more eco-friendly products, while Watsons accelerated its Sustainability efforts with over 1,600 green SKUs, refill stations and the launch of the Greener Store concept. Social Capital We continue to expand through sustainable partnerships that uplift businesses and communities. SM supports over 100,000 MSMEs through our retail and property network, offering accessible platforms for growth. SM for MSMEs offers small businesses affordable booth rentals in SM malls for as low as PHP500 per day. Supporting over 600 purveyors nationwide, it provides a strategic opportunity to reach the right market and grow into future mall tenants. Supporting education and employment, 1,000 newscholarships were awarded by SM Foundation in 2024, the highest in our history and 70,000+ job seekers were connected through Trabaho para sa Bayan: J.O.B.S (Job Opportunities Building Skills), leading to 11,000 hires across 130 job fairs. Additionally, SM Foundation\u2019s KSK Farmers\u2019 Training Program continues to support agricultural communities by providing essential skills and resources. Human Capital Our inclusive workplace policies champion equal opportunity, meritocracy, and anti-discrimination while fostering a supportive environment with facilities such as meditation rooms, breastfeeding areas and gender-neutral restrooms. With women comprising 64% of our workforce and holding 58% of senior leadership roles, we actively track and enhance leadership opportunities for women through comprehensive training, mentorship, and career growth programs, ensuring a diverse and empowered workforce. This year, we welcomed our new Independent Board Director, Atty. Lily Gruba, bringing women\u2019s representation on our board to one-third. Financial Capital Our financial practices are guided by our vision of building sustainable businesses that drive responsible development. We prioritize sustainable returns, maintain strong balance sheets and adhere to prudent fiscal practices. In 2024, we strengthened our financial position by launching our Euro Medium-Term Note (EMTN) Program, providing flexibility in global capital markets to fundstrategic expansion. Following its establishment, we successfully completed a USD 500 million drawdown in July, with the issuance oversubscribed by 3.2x, reachingUSD 1.6 billion in demand. The 5-year note was priced at 5.466% with a 5.375% coupon. As early adopters of International Financial Reporting\u00a0Standards (IFRS)S1 and S2, we integrate finance with\u00a0sustainability, reinforcing our commitment to long-term\u00a0growth, climate risk management and shared stakeholder\u00a0value. 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