SM Investments
SM Investments Corporation, commonly referred to as SM Investments, is a leading conglomerate based in the Philippines, with its headquarters located in Pasay City. Founded in 1958, the company has established a strong presence across various sectors, including retail, property, banking, and tourism, making it a key player in the Philippine economy. With a diverse portfolio that includes the well-known SM Supermalls, BDO Unibank, and SM Development Corporation, SM Investments is recognised for its commitment to innovation and customer satisfaction. The company has achieved significant milestones, such as expanding its mall operations across Southeast Asia and enhancing its digital services to meet evolving consumer needs. As a market leader, SM Investments continues to drive growth and development, contributing to the nation’s economic landscape while maintaining a focus on sustainability and community engagement.
DitchCarbon Score
How does SM Investments's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
SM Investments's score of 53 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SM Investments's reported carbon emissions
In 2024, SM Investments Corporation reported total carbon emissions of approximately 4,000,000,000 kg CO2e, comprising 822,000,000 kg CO2e from Scope 1, 1,450,000,000 kg CO2e from Scope 2, and about 2,916,043,510 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2023, where total emissions were approximately 1,000,000,000 kg CO2e lower, with Scope 1 at 442,000,000 kg CO2e, Scope 2 at 1,418,000,000 kg CO2e, and Scope 3 at 735,710,710 kg CO2e. SM Investments has set ambitious climate commitments, targeting a 30% reduction in both Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline. Additionally, the company aims for a cumulative GHG reduction of up to 40% by 2040, also using 2019 as a baseline, through energy efficiency measures and the adoption of renewable energy sources. These initiatives align with their commitment to limit global temperature increases to 1.5ºC, in accordance with the Paris Agreement. The emissions data is not cascaded from any parent organization, indicating that SM Investments Corporation independently reports its emissions and climate strategies.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 444,600,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,357,200,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 538,200,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
SM Investments is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
