(02 May 2022. Pasay City, Philippines) SM Investments Corporation (SM Investments) released its Integrated Report for 2021 in line with the group’s Annual Stockholder’s Meeting (ASM) held on April 27, 2022.
With this year’s theme of ‘Together, We Recover,’ SM Investments has further communicated the value of sustainable business practices across its portfolio as it features stories on innovation and community support amid the ongoing impacts of the COVID-19 pandemic.
The Integrated Report covers the period January 1 to December 31, 2021 and discloses the company’s performance and actions on how it affects the commercial, social and environmental context within the area in which it operates.
“Through this report, we highlight the huge impact SM’s businesses and our wide ecosystem had last year – in financial performance, vaccination rollout, economic recovery, disaster response and resilience and in addressing climate change,” Timothy Daniels, SM Investments Consultant for Investor Relations and Sustainability said.
As restrictions on mobility continue to ease, SM has expressed optimism on the rebound of the country’s economy and the gradual reopening of the Philippines under the ‘new normal.’
“We continued to build on our collective resilience to the pandemic and to address national needs. We also sought to improve our transparent reporting and areas of advocacy,” Mr. Daniels said. This year marked the second time the group released its Integrated Report.
Read more about SM’s Integrated Report here.
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
Consultant, Investor Relations & Sustainability
SM Investments Corporation