(24 September 2019, Pasay City, Philippines) SM Investments Corporation (SM) has been named by Forbes as one of the top regarded companies in the annual list of the World’s Best Regarded Companies, ranked based on trustworthiness and company’s performance.
SM took No. 172 place, climbing 63 spots from last year’s 235th place among the Forbes 2019 Global 2000-Best Regarded Companies.
Forbes partnered with Statista to cull the annual list of the world’s 2000 largest public companies down to the top 250 best-regarded companies ranked based on trustworthiness, social conduct, strength of products and services and how they fare as employers. The data was gathered from among 15,000 respondents from more than 50 countries.
“We are honored to receive this recognition. We anchor all our businesses in good corporate governance and we remain committed in strengthening our ability to create meaningful impact to society and deliver greater shareholder value,” said SM President and Chief Executive Officer Frederic DyBuncio.
SM is the only Philippine corporate which garnered spot in the Forbes 2019 World’s Best Regarded Companies, joining companies in Asia which dominated nearly half of the list along with global brands and companies from major industries in the United States and Europe. SM joined the ranks of best-regarded companies for two consecutive years.
This year, Forbes also recognized SM in the inaugural list of Asia’s 200 Best Over a Billion 2019, which cited best-run companies in the Asia-Pacific Region. SM ranked No. 1 in the Philippines and No. 27 among 200 top-performing listed companies across Asia Pacific. SM has also been ranked among the Forbes Global 2000 World’s Best Employers for 2018 and 2017.
Source: Forbes 2019 Global 2000-Best Regarded Companies: https://www.forbes.com/lists/best-regarded-companies/#14c8bf94124d
About SM Investments Corporation
SM Investments Corporation 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.
SM’s retail operations are the country’s largest and most diversified with its food, non-food and specialty retail stores. SM’s 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. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank and China Banking Corporation, the 6th largest bank.
For more about SM, visit www.sminvestments.com
For further inquiries, please contact:
VP, Planning and Corporate Communications
SM Investments Corporation
Tel. No. (632) 857-0100 local 1039