SMIC named top ESG rated firm worldwide

Sustainalytics, a leading independent ESG (environmental, social, and governance) research, ratings, and analytics firm, has awarded SM Investments Corp. (SMIC) as an ESG Top-Rated Company globally in its industry in 2021.

Sustainalytics’ ESG Risk Ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. SMIC received a Top Rated ESG Rating in its industry after it was assessed to be at low risk of experiencing material financial impact from ESG factors.

At SMIC, actions adopted to mitigate risks include investments in technology, continuous training for personnel, regular audits and implementation of policies across the organization. Moreover, the group’s strong adherence to corporate governance, customer-focused innovation, financial prudence and attention to its sustainability strategies and progress, are vital to managing specific ESG factors.

SMIC, the investment holding firm of the Sy family, 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.

SMIC’s retail operations are the country’s largest and most diversified with its food, non-food and specialty retail stores. 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.

SMIC’s interests in banking are in BDO Unibank Inc., the country’s largest bank, and China Banking Corp., the sixth-largest bank.

Source: Philippine Star