SM group’s strong sustainability performance recognized anew by global index FTSE4Good
Global index provider FTSE Russell confirmed that SMIC, SMPH and BDO have been independently assessed according to the FTSE4Good criteria and have satisfied the requirements to become a constituent of the FTSE4Good Index Series. SMIC, SMPH and BDO sustained its rating following the index review in June 2020.
“We are honored by this recognition to be a part of the FTSE4Good Index Series for the second straight year. This reflects confidence in our holistic approach and integrated thinking to sustainability. We continue to drive significant progress in ESG initiatives across our portfolio to ensure business sustainability, support the national agenda and create stakeholder value,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said.
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
SMIC’s ESG scores outperform the subsector and industry average and rank above average of Philippine companies across environmental, social and governance themes.
SMIC is included anew in the FTSE4Good Emerging Index ranked among constituents in over 20 countries worldwide. The FTSE4Good Emerging Indexes are designed to measure the performance of companies in emerging markets that meet the globally recognized ESG inclusion standards used by the FTSE4Good Index Series.
ESG across SMIC
SMIC continues to put emphasis on responsible growth anchored on sustainability and good corporate governance.
Likewise, SMIC recognizes its role as a leader and partner in sustainable development. Through its domestic footprint, SMIC’s businesses are providing opportunities for micro, small, medium enterprises, tens of thousands of jobs, access to financial markets for underserved market segments, social development through targeted investments in education, healthcare, food security and sustainable agriculture; inclusive work environment and promotion of climate-friendly solutions across its operations.
Since 2014, SMIC reports its ESG performance and initiatives through its annual Sustainability Report: https://bit.ly/SMICSR2019.
For more info about FTSE4Good, click: https://www.ftserussell.com/products/indices/ftse4good
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) 8857-0100 local 1039