Sm Prime
SM Prime Holdings, Inc., commonly referred to as SM Prime, is a leading property developer based in the Philippines. Established in 1994, the company has its headquarters in Pasay City and operates extensively across key regions in the Philippines and China. Specialising in the real estate industry, SM Prime focuses on various sectors, including shopping malls, residential developments, commercial properties, and leisure facilities. With a commitment to innovation and sustainability, SM Prime has achieved significant milestones, such as becoming one of the largest integrated property developers in Southeast Asia. Its core offerings, particularly in mall management and residential projects, are distinguished by their strategic locations and comprehensive amenities. Recognised for its market leadership, SM Prime continues to set benchmarks in the industry, contributing to urban development and enhancing the quality of life for communities.
DitchCarbon Score
How does Sm Prime'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 Retail Trade Services 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 Prime's score of 43 is higher than 91% 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 Prime's reported carbon emissions
In 2023, SM Prime Holdings, headquartered in the Philippines, reported total carbon emissions of approximately 1,643,787,430 kg CO2e. This figure includes Scope 1 emissions of about 104,349,110 kg CO2e, Scope 2 emissions of approximately 674,639,450 kg CO2e, and Scope 3 emissions totalling around 864,798,870 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 1,454,912,230 kg CO2e, indicating a significant increase in emissions year-on-year. The breakdown for 2022 shows Scope 1 emissions at approximately 95,229,240 kg CO2e, Scope 2 at around 590,101,920 kg CO2e, and Scope 3 at about 769,581,060 kg CO2e. SM Prime has committed to achieving net-zero emissions by 2050, as part of its long-term climate strategy. This commitment encompasses all scopes of emissions, reflecting the company's dedication to addressing its carbon footprint comprehensively. The company is actively working towards this goal, having established its net-zero commitment in 2023. Overall, SM Prime's emissions data and climate commitments highlight its ongoing efforts to mitigate climate impact while navigating the challenges of increasing emissions in recent years.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,310,000 | 00,000,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 326,984,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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 Prime 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.
