Curated by: Kyle Mondejar, REB, JD. 08/18/2020. Manila, Philippines.
For the two consecutive years, SM Investments Corp. (SMIC) continues to be recognized as a constituent company in the FTSE4Good Index Series for its strong Environmental, Social and Governance (ESG) performance. Its property arm, SM Prime Holdings Inc. (SMPH), and its banking arm, BDO Unibank (BDO), were also re-confirmed as constituents of the FTSE4Good Index Series.
“We are honored by this recognition to be a part of the FTSE4Good Index Series for the second straight year. This reflected confidence in our holistic approach and integrated thinking to sustainability. We continue to drive significant progress in ESG initiatives across our portfolio to ensure business sustainability, support the national agenda, and create stakeholder value,” SMIC president and CEO Frederic DyBuncio said.
SM Prime Holdings, Inc. (SMPH) is one of the most prominent community developers in Southeast Asia that offers functional and award-winning projects with the integration of shopping centers, transportation hubs, workplaces, and business establishments. It is likewise the fastest growing real estate developer as far as capitalization, in the Philippines.
SM Prime Holdings, Inc. was established in the Philippines in 1994. They began as a shopping center trailblazer. Today, it has 70 shopping centers in and outside Metro Manila and seven shopping centers in China, adding up to 9.4 million square meters of Gross Floor Area (GFA). In the Philippines, they have a sum of 17,994 inhabitants and 1,921 occupants in China.
SM Development Corporation (SMDC) is the subsidiary company of SM Investments Corporation that provides affordable condominium development to Filipinos. SM Prime’s business specialty units, the Commercial Property Group (CPG), is occupied with the turn of events and renting of places of business in Metro Manila, just as the tasks and the board of structures and other land possessions, for example, Mall of Asia Arena (MOA Arena). Its Hotels and Convention Centers create and oversee different big event venues for both local and international.