SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, was recognized at the recent Steward Leadership 25 (SL25) gathering.
The event honors organizations chosen across the Asia-Pacific and Middle East for “demonstrating resolute action to drive profitable growth by addressing the social and environmental challenges that threaten humanity.”
SM Prime’s operations are directly and indirectly affected by climate-related challenges.
“Having resilience as an anchor in property design not only maintains our high standards but also strengthens our value to the nation, enabling SM Prime to work with greater urgency, grow more inclusively, and engage communities with more empathy,” said Jeffrey C. Lim, president of SM Prime Holdings, Inc.
At least 10 percent of each property’s capital expenditure is allocated to sustainable and resilient design. It includes science-based solutions to combat the effects of natural disasters on the property, thereby saving lives and livelihoods.
The Stewardship Asia Centre, INSEAD Hoffmann Global Institute for Business and Society, WTW, and The Straits Times, unveiled 25 projects that made a significant positive impact on stakeholders, society, future generations, and the environment, during the Steward Leadership Summit at Shangri-La Singapore on Nov. 21, 2023.
“We never ventured far away from my grandfather’s values. He believed that business must be a force for good,” Assistant Vice President and SMDC Project Director Jessica Sy said.
“Sustainability is a journey that requires stewardship from the top and needs to be incorporated into business strategy so that companies can grow well by doing good. It is reassuring to see the SL25 list consisting of a wide range of companies across different industries from social enterprises and SMEs to large corporations and MNCs,” said Dr. Veerathai Santiprabhob, chair of the Executive Board of Mae Fah Luang Foundation, who unveiled the inaugural list at the Steward Leadership Summit.
– Press release
