(20 August 2019, Pasay City, Philippines) SM Investments Corporation (SM) has joined the United Nations Global Compact (UNGC), the world’s largest corporate sustainability initiative. UNGC welcomed SM as a new member during the UNGC- Global Reporting Initiative regional sustainability summit held on August 20, 2019 at the Conrad Manila in Pasay City. As a signatory, SM commits to uphold the Ten Principles of the UNGC on engaging in just labor, upholding human rights, promoting environmental responsibility and working against corruption.
“Our membership to the UNGC is a seal of our commitment to uphold global standards of sustainable business practices and to do our share towards the achievement of the Sustainable Development Goals (SDGs),” SM President and Chief Executive Officer Frederic C. DyBuncio said.
SM now joins over 30 companies in the Philippines who are members of the UNGC. The UNGC guides and supports the global business community in advancing UN goals and values.
With more than 9,000 companies in over 160 countries and 70 networks across the globe, it is the world’s largest corporate sustainability initiative.
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