MOA Complex Night Shot
Three international award-giving organizations have recognized SM Prime Holdings, Inc. (SM Prime), one of the top integrated property developers in Southeast Asia, for excellence in transparent Environmental, Social, and Governance (ESG) reporting for its 2021 Annual Integrated Report titled “Together, We Rise.”
Even before the Securities and Exchange Commission (SEC) in the Philippines made sustainability reporting mandatory, SM began publishing its sustainability reports in 2013. By alerting investors and other stakeholders on its ESG performance and impacts, decision-making procedures, and competitive positioning value in the industry, SM Prime further encourages transparency and accountability.
“We are honored to receive these awards as a recognition of our commitment to provide transparent reporting in our sustainable practices. We value all our stakeholders, and we strive to enrich the quality of life of the Filipino people,” SM Prime President Mr. Jeffrey Lim said.
At the summit of international recognitions, SM Prime bagged accolades from the biggest and most coveted awards competition in the business world called Stevie® Awards. The Asia-Pacific Stevie Awards recognizes business innovation across the entire Asia-Pacific region, whereas IBAs is one of the first and most highly anticipated awards programs of the Stevie Awards that features a wide variety of categories relevant to every facet of the workplace that is open to all kinds and sizes of organizations globally. SM Prime was awarded the Bronze Stevie® Winner at the 2023 Asia-Pacific Stevie Awards program and Silver Stevie® Winner in the 2022 International Business Awards (IBAs).
Additionally, the business received a Silver Rank in the National Center for Sustainability Reporting’s (NCSR) 2022 Asia Sustainability Reporting Rating (ASRRAT), a ranking system for sustainability reports. The GRI Standards compliance, GHG disclosure transparency, alignment with and support of the UN SDGs are just a few of the criteria used in the ASRRAT rating system.
The awards and recognition from other countries are proof of SM Prime’s active engagement in promoting sustainability throughout its activities. SM Prime continues to be a driving force behind economic growth by creating sustainable lifestyle cities that improve the quality of life for millions of people.
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