SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, has been recognized by three international award-giving bodies for excellence in transparent ESG reporting for its 2021 Annual Integrated Report entitled “Together, We Rise”.
The company has led sustainability reporting in the Philippines since 2013 – a reporting practice initiated even before the Philippine Securities and Exchange Commission’s (SEC) mandatory reporting requirements for sustainability reporting for the Philippines’ publicly listed companies. SM Prime further promotes transparency and accountability by informing investors and stakeholders of its ESG performance and impacts, decision-making processes, and competitive positioning value in the sector.
“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. Created in 2002, it currently has eight Stevie Awards programs that honor and encourage public recognition of the valuable contributions and milestones of organizations and working professionals worldwide. 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).
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.
“We are grateful for the time and effort that the Stevie® Awards judging committee invested in assessing the conditions in the Philippines and how SM Prime creates value through investments and interventions critical to the country’s socio-economic growth,” Mr. Lim said.
Also in the regional scene, the company won a Silver Rank in the Asia Sustainability Reporting Rating (ASRRAT) 2022, a sustainability report ranking by the National Center for Sustainability Reporting (NCSR). ASRRAT’s rating system employs criteria based on GRI Standards compliance, GHG disclosures transparency, and alignment with and support of the UN SDGs, among other factors.
Established in 2005, NCSR is the first independent organization to develop sustainability reporting in Indonesia and one of the international organizations to acknowledge Asian companies’ sustainability performance through sustainability reporting assessment.
The international recognitions are a testament to SM Prime’s active role in championing sustainability across its operations as it continues to be a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.