SM Group spearheads campaign for disaster-resilient MSMEs

August 22, 2019

SUSTAINABILITY SUMMIT 2019 – The UNGC-GRI (United Nations Global Compact-Global Reporting Initiative) Regional Sustainability Summit was held yesterday at the Conrad Hotel in Pasay City. In attendance are Steven Robinson, Ambassador of Australia to the Philippines; Hans Sy, SMIC adviser to the Board; Jaime Augusto Zobel de Ayala, Chairman and CEO of Ayala Corporation and the 2017 UNGC SDG Pioneer for Sustainable Business Strategy and Operations first awardee in Southeast Asia; and Dr. Roberto de Ocampo, GRI board member. (Photo by Regie D. Mason)

Small and medium enterprises’ (SMEs’) disaster resilience is the key to a sustainable value chain and in attaining business continuity.

The SM Group, as a staunch supporter of MSME growth, noted that this sector forms the lifeblood of the Philippine economy through the stimulation of economic activity.

“Empowering supply chains is particularly close to our hearts because SM’s roots were borne from our father’s entrepreneurial spirit,” said Hans T. Sy, SM Prime Holdings Inc. Chairman of the Executive Committee and SM Investments Corporation Adviser at the United Nations Global Compact- Global Reporting Initiative regional sustainability summit.

He added that, “it is because of this that we understand the journey and challenges faced by small and medium enterprises. We want to help them not only by providing a strong market but by building their resilience to overcome their risks and maximize their opportunities.”

Sy is a strong advocate of disaster resilience and is the first Filipino representative to the Private Sector Advisory Group of the United Nations Office for Disaster Risk Reduction.

SM Prime is taking a step further by helping SMEs bounce back immediately after a disaster. It built an SM Reliance Center (Center) in SM Clark, Pampanga to serve as the data storage and capacity building facilities for SME partners. The Center also serves as the information and communications for SM.