Our Board’s Vision for SM’s Sustainability
The responsibility of corporates to manage their businesses sustainably and for the greater good of all their stakeholders has increased in recent years. Customers, employees, investors, regulators and business partners have high expectations that leading companies will be responsible and follow an integrated approach to running their businesses and creating shared value. At SM, we have long operated under these principles and we welcome this trend.
Our long-standing vision is to build world-class businesses that are catalysts for development in the
communities we serve.
Our sustainability principles, our corporate policies, how we have embedded them in our operations and how we report them transparently are all aligned with this.
We help address the unmet needs of millions of Filipinos and their communities, driving national development and creating value.
Building World Class Businesses
We recognize that SM has a significant role in the Philippines due to its extensive assets, footprint and the number of people we touch every day. The group is responsible for creating over 157,000 jobs this year throughout our businesses, providing opportunities for entrepreneurs through our supply chain and serving millions of customers. As we continue to grow, we bring our goods and services to new parts of the country, build modern lifestyle city developments and create inclusive access to financial markets. All together, we help address the unmet needs of millions of Filipinos and their communities, driving national development and creating value.
Furthermore, we ensure that our businesses are built on good corporate governance practices adhering to global standards and advancing our compliance to the ASEAN Corporate Governance Scorecard initiative.
We carry the legacy of our founder Henry Sy, Sr. that social development and business growth go hand in hand.
Serving as a Catalyst for Development
We carry the legacy of our founder Henry Sy, Sr. that social development and business growth go hand in hand. Our developments must continue to energize local communities and advance social inclusion. We make sure that we do this responsibly throughout our employment practices, supply chain management and resource utilization. Through our foundations, we also promote social development by providing better access to education, healthcare, food security and shelter wherever we are present.
We commit to making real concerted efforts across the SM group to create significant impact towards sustainable development.
Delivering on Our Commitment
We will pursue our vision in line with the principles of our founder. In doing so, we are aware that we also have a role as a leader and an advocate in driving sustainable development in our country. That being so, last year we signed on to uphold the Ten Principles of the United Nations Global Compact (UNGC), of which we were particularly honored to co-host the first joint UNGC-Global Reporting Initiative (GRI) Sustainability Summit in the Philippines.
As we carry on in our sustainability journey, we commit to making real concerted efforts across the SM group to create significant impact towards sustainable development.