December 2025

The 2MWp rooftop solar photovoltaic system installed at MOA Square—developed with TotalEnergies—generates approximately 3,000 MWh of clean energy annually, reducing an estimated 1,430 tons of CO₂ emissions each year.

The push to concentrate on long-term solutions for the planet’s climate issues comes at a crucial juncture, with the 30th Conference of the Parties (COP30) taking place in Belem, Brazil, in November.

This means that for SM Prime Holdings, Inc., achieving Net Zero by 2040 will become more than just a uniting force throughout its portfolio; it will also serve as a target for improved implementation, solid alliances, and group resilience.

Empowered partnerships

The “energy trilemma” refers to the difficulties that enterprises currently face: security, affordability, and sustainability. It is particularly pertinent to the future of urban resilience and real estate development.

SM Prime continues forging strategic partnerships with leaders in renewable energy to expand its clean energy capacity, drive innovation, and accelerate the transition to a low-carbon future.

A comprehensive and diverse energy mix, according to SM Prime, is a strategy that helps producers of renewable energy, revolutionizes the sector, and is the larger plan to lessen dependency on fossil fuels.

SM Supermalls has already achieved more than 50% of renewable energy use across its malls by leveraging partnerships with key renewable energy players and direct procurement

This energy infrastructure reflects SM Prime’s significant investment in emerging technologies. In 2022, SM Prime’s partnership with Aboitiz Renewables, Inc. (ARI) activated its strategic plans, and in 2024, it further broadened its renewable-energy footprint by partnering with TotalEnergies. The addition of Citicore Renewable Energy Corporation in 2025, along with the steady increase of leading solar rooftop suppliers for SM Supermalls, helps meet the demands for renewables through on-site generation.

SM Sta. Rosa. SM Supermalls continues to scale its use of renewable energy across its nationwide portfolio. By increasing its solar rooftop capacity, SM helps make its malls cleaner, more energy-efficient, and more resilient for surrounding communities.

This commitment to sustainable energy drives positive change and contributes to SM Prime’s broader mitigation and adaptation strategies, supporting the country’s national framework in achieving its emission reduction targets.

Energy for the people

Resilient communities and enduring partnerships for climate-smart urban centers are part of these system shifts toward energy independence. It confirms that renewables are a strategic asset, especially as they become affordable and community-serving, empowering businesses nationwide.

It also supports a sustainable lifestyle. For the SM Green Movement, this balance is achieved by re-energizing neighborhoods to contribute to the climate crisis and offering more options to become energy and fuel-efficient, while improving quality of life.

The festive Christmas Holidays at SM Supermalls. Powered increasingly by renewable sources, SM malls continue to serve as vibrant community hubs—bright, welcoming spaces that reflect SM Prime’s commitment to sustainable and resilient development.

“We started the journey with our energy efficiency programs in the 90s,” said SM Supermalls President Steven Tan. “This lets us enjoy our mall spaces now because we maximize our energy use, lower operational costs, while hopefully, reducing our emissions,”

“Of course, we still have a long way to go. But we are trying to make renewable energy accessible at scale to our malls – not just to create decarbonization value for the communities we touch and work with – but to provide flexible, adaptive, and sustainable mall experiences. Most importantly, a safer future for all,” said Tan. ###

Nestled in the highlands, SM City Baguio showcases how natural abundance can be harnessed sustainably through its rainwater treatment facility.

SM City Baguio is demonstrating how innovation and sustainability can coexist as communities throughout the Philippines continue to struggle with water security. The mall helps ensure the water supply for its operations tomorrow by treating rainwater through its rainwater treatment system.

Rainfall is common in Baguio City, but water supplies are few. Some communities receive water from the Baguio Water District only twice a week, which they use to replenish their water tanks. Residents rely on delivery from private water suppliers when this runs out.

Through advanced filtration and treatment systems, SM City Baguio converts collected rainwater into potable-grade water, setting a new benchmark for sustainability in commercial developments

SM City Baguio’s pioneering system captures, treats, and stores rainwater to potable standards, producing up to 150 cubic meters of safe drinking water per day, with the capacity to double production to 300 cubic meters daily.

The innovative system supports mall operations and contributes to SM Prime’s Water for Tomorrow campaign, demonstrating responsible and efficient water use.

This initiative reduces reliance on local water utilities while ensuring the mall can continue serving millions of visitors responsibly. More importantly, it demonstrates how rainwater, when managed smartly, can be harnessed to address urban water scarcity.

“We’ve always valued innovation and creativity in the malls – we take it a step further now to where it truly matters. SM City Baguio’s rainwater treatment facility shows how the right innovation can secure tomorrow’s water,” said SM Supermalls President Steven Tan.

Championing Water for Tomorrow

SM Prime’s Water for Tomorrow campaign advocates efficiency, innovation, resilience, and awareness in water resilience, and promotes the wider sustainability campaign of the SM Green Movement. Beyond Baguio, SM Prime’s water initiatives span the installation of advanced treatment facilities, recycling systems, and community engagement programs.

From 4.42 million cubic meters in 2023 to 5.59 million cubic meters in 2024, SM Prime reported a 26.23% increase in recycled water volume.

The Water for Tomorrow campaign from the SM Green Movement keeps showing how commonplace creativity can guarantee a sustainable future for communities, businesses, and the environment.

COMELEC Commissioner Rey E. Bulay and COMELEC Chairman George Garcia, together with SM Supermalls Vice President for Mall Operations Junias Eusebio and Assistant Vice President Royston Cabunag, formally ink the renewed partnership for Voter Registration and Mall Voting for the upcoming 2026 Barangay and Sangguniang Kabataan Elections (BSKE).

In a Memorandum of Agreement signed on December 2 at the COMELEC Office in Intramuros, Manila, the Commission on Elections (COMELEC) and SM Supermalls formally extended their collaboration for the Voter Registration Program and Mall Voting implementation for the 2026 Barangay and Sangguniang Kabataan Elections (BSKE).

The renewal is another significant step in both organizations’ joint efforts to improve voter services for Filipinos across the country in terms of accessibility, safety, and convenience.

In his message, SM Supermalls Vice President for Mall Operations, Mr. Junias Eusebio, highlighted the remarkable growth of the partnership over the years—from six participating malls during the 2023 BSKE, to 20 malls successfully joining the Mall Voting Program during the 2025 National and Local Elections. He also emphasized that, as of now, 23 SM malls are already scheduled to serve as voter registration sites—the most nationwide—with more locations to be added through May 2026. During the special registration in August 2025, 47 sites across the country opened their doors to voters, and over 2.8 million Filipinos have already registered in just the last 10 days.

Supermalls VP for Mall Operations Junias Eusebio spotlights how the Mall Voting Program is expanding to make voting more accessible for Filipinos nationwide.

“These numbers reflect not just steady expansion, but the public’s overwhelming preference for organized, secure, and accessible venues where they can register and exercise their right to vote,” he said. “This partnership proves that when the public and private sectors work hand in hand, we can modernize the voting experience and strengthen our democratic participation.”

SM Supermalls executives, led by VP Junias Eusebio, meet with COMELEC Chairman Mr. George Garcia to discuss expanded voter registration activities across SM Supermalls nationwide during the BSKE Mall Voting MOA Signing Ceremony at the COMELEC Office in Intramuros.

COMELEC officials expressed appreciation for SM Supermalls’ continued support, noting how mall-based voter services significantly benefit senior citizens, persons with disabilities, pregnant voters, and first-time youth voters by offering an environment that is comfortable, well-lit, and highly accessible. The partnership comes at an opportune time where strong public participation early in the electoral cycle was evident through the 2.8 million Filipinos that have completed registration in the last 10 days alone.

COMELEC officials and SM Supermalls executives celebrate another milestone in modernizing and enhancing voter accessibility, with officials expressing their appreciation for SM Supermalls’ continued support.

Through this renewed agreement, selected SM malls across the country will continue to serve as venues for voter registration and mall voting, contributing to higher voter turnout and better overall election experience for communities.

Close-up of the MOA Signing. COMELEC and SM Supermalls officials formally sign the renewed partnership for Voter Registration and Mall Voting for the 2026 Barangay & SK Elections, marking another step in making voting more accessible nationwide.

COMELEC Chairman Mr. George Garcia, commissioners, important agency officials, and executives from SM Supermalls, represented by Vice President for Mall Operations Mr. Junias Eusebio, attended the ceremony.

Representatives from COMELEC and SM Supermalls pose for a ceremonial photo after the signing.

The collaboration highlights a common goal: enabling all Filipinos to fully engage in the nation’s democratic processes and bringing vital voter services closer to the general people.