SM spurs integration of sustainability goals in corporate reporting
(20 August 2019, Pasay City, Philippines) SM Investments Corporation (SM), alongside Philippine firms and international organizations, spurred talks on how to integrate sustainable development goals (SDGs) into corporate reporting in a regional summit held on Tuesday, August 20, 2019, at the Conrad Manila, Pasay City. The 2019 regional summit builds on the momentum of the first Sustainability Summit of the Global Reporting Initiative (GRI) held in October 2018 with SM and the Philippine Business for Environment.
“Sustainability is integral to SM’s business as we drive a positive impact on the communities we serve. SM continues to be a partner for sustainable development as we align with the UN SDGs and UN Global Compact both in our operations and reporting standards,” SM President and Chief Executive Officer Frederic C. DyBuncio said.
In 2018, all listed companies within the SM group published comprehensive sustainability reports, all of which were certified by GRI. The 17 SDGs or Global Goals are a universal call to action to end poverty, protect the planet, and ensure that people enjoy peace and prosperity. For firms to operate over a long period, they must pay attention to things other than the financial bottom line. These include managing the impact on the global or local environment, community, society, and economy.
To reflect their economic, environmental, social, and governance performance, a sustainability report is issued by corporates and organizations. The 2019 Summit brought together over 300 CEOs, sustainability innovators, experts, and reporters from the business sector, civil society, government regulatory bodies, and development partners. Thought leaders shared insights on the importance of driving sustainability in business, partnerships, supply chain transparency, and Environmental, Social, and Governance (ESG) reporting & investments to achieve the UN SDGs or Global Goals.
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