SM focuses on long-term value creation and business resilience in its first Integrated Report
SM Investments Corporation (SM Investments) has made the shift to integrated reporting as it takes a long-term view in creating shared value for all its stakeholders as a strategic approach to adapting to a new normal.
With this view, SM Investments launched its first Integrated Report 2020 which presents a balanced reflection of the company’s performance across all businesses within the SM ecosystem. The report highlights the group’s value creation process, strategy, and framework anchored on standards set by the global regulatory group International Integrated Reporting Council (IIRC).
“The adoption of the Integrated Reporting standards for SM Investments enhances our disclosure process and manifests a single holistic discussion of our businesses, the value they create, how they have performed and how that value is shared,” said SM Investments President and CEO Frederic C. DyBuncio.
The Integrated Report, which covers the period of January 1 to December 31, 2020, highlighted SM Investments’ ecosystem of sustainable businesses’ broad values for all its stakeholders.
As a group, SM stepped up its commitment to advancing the principles of the United Nations (UN) Global Compact and to contributing material actions towards the 17 UN Sustainable Development Goals (SDGs). The report also discussed SM companies’ respective progress in advancing the UN SDGs.
In 2020, SM Investments navigated through COVID-19 pandemic and focused on safety, innovation and the collective resilience of its employees, partners and communities. The report provides a view to the group’s advocacy and assistance to micro, small and medium enterprises (MSMEs), relief efforts, support to employees and partners, customer and community safety, and business innovations across its portfolio.
With the conglomerate’s strong systems and sustainability thinking, SM Investments continues to strengthen its businesses with the aim to address the needs of millions of Filipinos, help in driving national development and emerge more relevant and resilient.
To view the report online or download the full report, click https://bit.ly/SM-IntegratedReport2020