SM Gains Distinction for Sustainability Reporting
(18 December 2018. Pasay City, Philippines) SM Investments Corporation (SMIC) clinched the Gold Rank for sustainability reporting in the 2018 Asia Sustainability Reporting Rating Award in Indonesia. Sustainability Reporting is communication on the economic, environmental, and social policies, impacts, and performance of an organization in the context of sustainable development.
Receiving the award on behalf of SM is (second from left) Koleen Davila-Palaganas, Vice President for Sustainability at SM Investments Corp. With her are (leftmost) Prof. Eko Ganis Sukoharsono, Chairman of the Institute of Certified Sustainability Practitioners, and Mr. Taufik Hidayat, Deputy to the Governor of Lampung Province (handing the award).
The NCSR launched the Asia Sustainability Reporting Rating in 2018 in lieu of the Sustainability Reporting Awards conducted in 2005. A total of 56 organizations participated coming from Indonesia, Malaysia, Singapore, Philippines, and Bangladesh.
The rating assesses the extent to which the Global Reporting Initiative standards or G4 Guidelines have been applied to the sustainability report.
The NSCR is an independent organization consisting of organizations and professional individuals who have the vision and commitment to implementing and developing Sustainable Development in Indonesia.
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 7th 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