November 30, 2022

SM Investments Corp. broadened its reach in gathering like-minded business leaders in the ASEAN region, encouraging them to operate sustainably even amid the challenges triggered by the global health crisis as it partnered with the Global Reporting Initiative in this year’s GRI-SM ASEAN Sustainability E-Summit held on Oct. 21 and 22.

The event took a more precise look at the lasting impact of operating sustainably with four sessions, each focusing on the different pillars that will help build resilient communities and provide a better future for stakeholders.

The two-day E-summit with the theme “Leaving No One Behind: Private Sector in Solidarity for Sustainable Covid-19 Recovery and Delivering the SDGs (Sustainable Development Goals)” set the sustainability agenda for 2022 in a bid to mitigate the devastating effects of climate change on the planet with the help of its new generation of leaders and by recognizing the lessons business giants learned in the 19 months since the Covid-19 pandemic was declared globally.

SM enjoined key leaders in the region to adopt sustainable business practices, recalibrate their business models and promote solidarity in sustainability reporting.

Through SM’s initiative, business and sustainability leaders across ASEAN caught a glimpse of how SM Supermalls was able to simultaneously operate and prioritize the well-being of its internal and external stakeholders, including communities in which their businesses stand.   

Despite the challenges of the pandemic, SM Supermalls continued to ramp up its use of renewable energy. In August, SM completed a series of solar panel projects, with a total of eight malls with solar power.

SM is also working its way to divert plastic waste from oceans and landfills by initiating collection programs in its malls scattered in the country that have become venues to collect empty, clean, and dried plastic waste, bringing these closer to customers and communities.

Now that the pandemic has increased people’s reliance on technology, increasing electronic waste has also become a perennial problem. To help address this, SM malls nationwide established collection areas for electronic waste that will be processed and segregated.

“SM envisions an entire ecosystem of sustainable businesses that contribute toward a green, prosperous environment that provides a better future for stakeholders. By putting emphasis on sustainable development and integrating these goals into the foundation of SM Supermalls’ blueprints, it is encouraging more businesses to operate sustainably while protecting the environment,” SM Supermalls President Steven Tan said. – Press release