MANILA, Philippines — SM Investments Corp. (SMIC), the holding company of the Sy family, is among Forbes 2018 Global 2000 Best Regarded Companies.
The list is a roster of companies recognized for being trustworthy and fair.
The ranking was based on the global polling of Forbes, in partnership with Statista, a leading provider of market and consumer data, which surveyed 15,000 people from 60 countries that provided their opinions about the Forbes 2018 Global 2000 companies.
SMIC president and chief executive officer Frederic DyBuncio said the company is honored to be recognized for its good governance efforts.
“We are honored to receive this recognition which reflects the values of our founder, Mr. Henry Sy Sr. This validates our high regard for all our stakeholders and our commitment to good governance, excellence, transparency and stewardship,” DyBuncio said.
According to Forbes, the respondents evaluated companies based on their reputation.
Topics included trustworthiness, honesty, social conduct, performance of the company’s products and the company as an employer.
The Top 250 companies which received the highest total scores were named the Forbes 2018 Global 2000 – Best Regarded Companies.
Only two Philippine companies – SMIC and another Sy-owned giant, BDO Unibank-garnered spots in the list of well-regarded companies, joining the roster of well-known global brands.
SMIC and BDO also ranked among the Top 500 companies in the Forbes 2018 Global 2000-World’s Best Employers for 2018 and 2017.
SMIC is engaged in leading businesses in retail, banking and property. It also invests in ventures that are seen contributing to the 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.
Its property business is through SM Prime Holdings Inc., while its interests in banking are through BDO, the country’s largest bank and China Banking Corp., the 7th largest bank.
Source: Philippine Star