SM Prime: Engineering a Sustainable Future

SM City Baguio’s Rainwater Filtration Facility addresses water security and ensures a safe and sufficient water supply for the operations of the mall and its tenants.

Sustainability has become a driving force across every industry. For SM Prime Holdings, Inc. (SM Prime), one of Asia’s leading integrated property developers, sustainability is elevated through a strategic framework that leverages the company’s extensive operations, significant economic impact, and cultural influence.

SM Prime’s sustainability journey began in the 1990s, guided by a focus on resilience and practicality. The company has always valued substance over style, favoring strategies grounded on real-world application rather than flashy, short-term fixes.  Its strategy is built on what truly matters to the business and the community it serves, ensuring that its sustainability efforts are both effective and enduring.

In its 2023 Annual Integrated Report, SM Prime introduced its Sustainability Ambition Roadmap with a clear and powerful message: Together for a sustainable future – aligned with its vision of creating and managing innovative, sustainable, and integrated property developments that enhance the quality of life for all.

SM Prime’s sustainability strategy is built on three main goals:

1. Environmental sustainability
2. Prosperity for all
3. Climate resilience

Building on its sustainability framework of Economy, People, Planet, and Community, SM Prime identified three major goals to pursue: Environmental sustainability, Prosperity for all, and Climate resilience – all aimed to create a future marked by sustainability, resilience, and widespread prosperity by 2030, 2040, and beyond.

Under its environmental sustainability strategy are two significant programs released by the company:  Net Zero by 2040 and #SMWasteFreeFuture.

Net Zero by 2040

SM Prime is committed to enhancing people’s quality of life by intensifying climate action, reducing disaster risks, investing in resilient design, protecting biodiversity, and implementing strategic corporate social responsibility programs, with its main focus on climate action toward a net-zero business. The company has been collaborating with the World-Wide Fund (WWF) for Nature-Philippines to establish science-based targets in alignment with the global commitment of a net-zero ambition by 2050.

“We understand the magnitude of the challenges we face to achieve our Net-Zero commitment. SM Prime is determined to take action and meet its climate commitments. This is one of our top agendas in sustainability.” ~Jeffrey C. Lim, SM Prime President and CEO

SM City Santa Rosa's solar photovoltaic (PV) system has 5,772 panels at 3.088 MWp capacity and has an annual solar energy production of up to 4.292GWh.

#SMWasteFreeFuture

SM Prime launched its vision for an #SMWasteFreeFuture, in support of the United Nations Environment Programme’s (UNEP) International Day of Zero Waste. The program introduces a simple segregation scheme: Recyclable, Disposable, and Compostable (RDC), all aimed at reducing overall waste generation and increasing the waste diversion rate from landfills through sustainable disposal methods. The initiative was launched nationwide for SM employees and across all SM property groups and stakeholders.

SM Prime continues to support existing programs and partnerships that promote better waste management solutions. Initiatives such as SM Supermalls’ Trash-to-Cash recycling market, Plastic Waste Collection and E-Waste Collection programs, and regular coastal and estero clean-up activities effectively engage the community in rethinking their relationship with waste.

To address food waste, SM Hotels and Convention Corporation (SMHCC) has pioneered projects such as The Sustainable Diner with WWF-PH, diverting 198,640 kg of food waste through bokashi composting and 40,013 kg through biodigesters. SMHCC also launched Tela Tales, a program that recycles condemned linens. 

SM Prime gathers the community for a #SMWasteFreeFuture.

SM Development Corporation (SMDC) recently partnered with Globe and Scholars of Sustenance Philippines for the Hapag Movement, aimed at targeting food waste and involuntary hunger affecting millions of Filipinos.

“As a community, we strongly believe in our ability to contribute to solving today's waste issues. We understand that this may seem like a daunting challenge to overcome. However, by joining forces, we can create a world that our future generations truly deserve – if we have the courage to take on this journey together.” ~Hans “Chico” Sy, Jr., President of SM Engineering Design and Development Corporation (SMEDD) and SM Sustainability Champion

SM Prime leads the way in sustainable development, integrating sustainability into its core business strategy.

Water stewardship

SM Prime is committed to water stewardship by implementing innovative water conservation and management practices, ensuring that properties developed are more responsive and adaptable to the changing needs of communities.

Through its sewage water treatment plants, wastewater is processed, preventing contaminated water from polluting local waterways and for reuse. The recycled water is utilized in malls for water closet flushing, air conditioning operations and landscape greening.

SM Prime Holdings, Inc.’s Chairman Henry T. Sy, Jr. receives SM Prime’s 30th Listing Anniversary Plaque from the Philippine Stock Exchange’s President and CEO Ramon S. Monzon.

Prosperity for all

SM Prime’s developments serve as catalysts for socio-economic progress, delivering tangible benefits to all stakeholders. Founded by Henry Sy, the company remains committed to his vision of bringing world-class developments to the Philippines. A vision perfectly exemplified through the Mall of Asia Complex which offers a blueprint for future cities that go beyond commercial success to embrace a holistic approach to urban development.

SM Prime celebrated its 30th year as a publicly listed company last July 23, signifying three decades of service and transformative growth in the Philippine real estate industry. 

“True leadership is marked by a solid dedication to collective success. Our journey at SM Prime demonstrates the power of dreaming big and the incredible achievements that follow when you pursue those dreams with determination and hard work.” ~Jeffrey C. Lim, SM Prime President and CEO 

SM Prime and AboitizPower Secure Long-Term Cleanergy Deal

(From left to right) SM Prime Energy Consultant Jaime Patinio, AboitizPower Senior Vice President for Commercial Operations Sandro Aboitiz, SM Engineering, Design and Development President Hans Sy, Jr., SM Prime President Jeffrey Lim, AboitizPower President and Chief Executive Officer Emmanuel Rubio, Aboitiz Renewables, Inc. Vice President for Commercial Strategy, Sales, and Engagement David Aboitiz, AboitizPower Vice President for Retail - Commercial Operations Business Unit James Byron Yu, and SM Prime Chief Finance Officer John Nai Peng Ong gather for a luncheon on Thursday, August 4, after sealing a long-term partnership with the commitment to helping build a cleaner and brighter future.

SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, secures a long-term deal with AboitizPower for Cleanergy supply, realizing its goal of increasing its renewable energy portfolio to more than 50%. This is in support of the Department of Energy’s program of moving up the renewable energy supply component of the country to 35% by year 2030.

Under the agreement, AboitizPower is poised to supply reliable and responsibly-sourced energy from Tiwi and MakBan Geothermal Power Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI). This long-term contract will power SM Prime properties, including malls, leisure homes, offices, hotels, and other establishments under the Retail Competition and Open Access (RCOA) by the end of 2022.

“This partnership with AboitizPower is aligned with our unwavering commitment to being a catalyst for economic growth and steward of nature. We will continue providing world-class amenities within our sustainable lifestyle cities that have been beneficial and inspirational to millions of Filipinos.” ~Jeffrey Lim, SM Prime Holdings Inc.’s President

SM Prime builds legacy communities based on its core sustainable pillars: Economy, People, Environment, and Community. It is dedicated to generating value sustainably through its diverse business segments.

“AboitizPower is thrilled to be SM Prime’s partner in building sustainable lifestyle cities. We thank SM Prime for trusting us to be their partner in their transition to clean and renewable energy. It is a privilege to be given the opportunity to power various SM Prime properties with our renewable assets.” ~Sandro Aboitiz, Senior Vice President of the Commercial Operations Business Unit

“We consider it a great milestone for our group to be in support of SM’s transition to renewable energy and are working to rapidly expand our renewable portfolio as the demand for Cleanergy grows. We have supported a growing number of corporations transitioning to clean and renewable energy and we are excited at the prospect of seeing a future where Cleanergy is the norm.” ~David Aboitiz, Aboitiz Renewables, Inc. (ARI) Vice President for Commercial Strategy, Sales, and Engagement

The leading renewable energy provider plans to expand its Cleanergy portfolio in the next 10 years to support the government’s plans of boosting the renewable energy industry in the country. AboitizPower is targeting approximately 50:50 Cleanergy and thermal capacity mix by 2030. 

 

                                                                          

About SM Prime

SM Prime Holdings Inc., one of the leading property developers in Southeast Asia, is committed to providing safe and sustainable spaces for its stakeholders.  Its development strategy is anchored on the responsible use of resources. In the communities it serves, it is able to promote resource conservation, environmental protection, and disaster resiliency by implementing solutions for water, waste, and energy management.

 

SM Prime is a key player in the SM Green Movement that aims to improve the quality of life of communities through sustainable solutions to promote a green planet, green living and a green culture.

 

Find out more about SM Prime and the SM Green Movement

Mekeni partnership with Hiraya Foundation

“We are fortunate to cross paths with Hiraya Foundation and a group of successful Filipinos who also advocate conservation of our heritage, especially during this time where everything seems to be at our fingertips. As a local brand penetrating the global arena, we recognize the importance of preserving one’s identity, being proud of your roots, and effecting positive change in society. We hope that our story will inspire them that if they are resolute in their dreams, nothing is impossible. No challenge is too big to bring them down.” ~Prudencio S. Garcia, Mekeni President

(L-R) Pampanga Press Club President Noel Tulabut, Mekeni AVP for Marketing Kathlene Gomez-Schultz, Mekeni AVP for HR and Export Marilou Uy, Consul General Elmer Cato, Mekeni President Prudencio S. Garcia, and Skills Simplified CEO Francis Miranda at the Gawad Alab ng Lahi event held at Whitby Hotel, New York (Photo credit: Troi Santos, CNN Philippines).

Mekeni Food Corporation, one of the country’s biggest food manufacturing companies, is further solidifying its commitment to promoting local heritage not just in the country but in the US.

The home-grown food brand recently partnered with Hiraya Foundation, a New York-based non-profit organization established by Filipino and Filipino-American professionals, for the first-ever Gawad Alab ng Lahi.

Gawad Alab ng Lahi is a program by Hiraya Foundation that aims to recognize individuals, enterprises, and communities that contribute to uplifting the lives of Filipinos and promoting progress in the Philippines.

Mekeni  President Prudencio S. Garcia and Consul General Elmer Cato at the Gawad Alab ng Lahi Awarding held at Whitby Hotel, New York. (Photo credit: Troi Santos, CNN Philippines)

Hiraya Foundation Chairman of the Board Romulo Aromin, Jr., MD added that the program honors those who made a meaningful impact on the lives of Filipinos abroad and in the Philippines. 

Garcia, who is also a former overseas worker, continued that like Hiraya Foundation, uplifting lives is at the core of Mekeni.

Mekeni was born out of a simple dream of a father who wants to give his family a better life ahead. This, however, changed and grew deeper after its founder, Felix Garcia, witnessed the hardships in their barrio after the devastating Mt. Pinatubo eruption in 1991. Since then, it has become their advocacy to uplift lives within and beyond their community.

“We are grateful to Mekeni for supporting and joining us in our cause. With a program such as this, we hope we could inspire the next generation to uphold our heritage no matter where success takes them.” ~Romulo Aromin, Jr., MD, Hiraya Foundation Chairman of the Board

This partnership between Mekeni and Hiraya Foundation was made possible by the Philippine Consulate in New York, headed by Consul General Elmer Cato who lauds the foundation for its patriotic advocacy. 

In the recently concluded awarding ceremony last July 11, 2022, at Whitby Hotel in New York, the following were the winners of the Gawad Alab ng Lahi award: Dr. Leo Felix Jurado for his unrelenting advocacy for Filipino nurses in the US; Concentrix Philippines for opening doors nationwide for Filipinos to provide for their families and thrive in unprecedented times; Philippine Nurses Association of America, Inc. for being at the forefront of advancing the interests and welfare of nurses in the US by providing professional and legal assistance; and Carnival Cruise Line for recognizing and rewarding Filipino talents through employment and ensuring their health and safety during the height of the pandemic. 

Photo shows Mekeni President Prudencio S. Garcia speaking before over a hundred overseas Filipino workers during the Pagpupugay event organized by the Philippine Consulate in New York and OWWA.

Apart from participating in Gawad Alab ng Lahi, Mekeni representatives also met with Filipino overseas workers in New York in a tribute event organized by ConGen Cato and Overseas Workers Welfare Administration.

Mekeni was given a chance to impart to the attendees their experiences and learnings in overcoming challenges.