San Miguel Corporation, often referred to simply as San Miguel, is a prominent player in the Other Business Services sector, headquartered in the Philippines. Founded in 1890, the company has evolved significantly, expanding its operations across various regions, including Southeast Asia and beyond.
With a diverse portfolio, San Miguel is renowned for its core products and services, which encompass food and beverage, packaging, and fuel and oil. The company’s commitment to quality and innovation has solidified its market position, making it a household name in the Philippines and a respected entity internationally. Notable achievements include its successful diversification and strategic expansions, which have positioned San Miguel as a leader in the industry, continually adapting to meet the needs of its customers.
-1 vs industry average
San Miguel’s score of 31 is higher than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
San Miguel's reported carbon emissions
San Miguel, headquartered in the Philippines and operating within the "Other business services (74)" sector, reported a total of approximately 34.2 billion kg CO2e in emissions for the year 2024. This figure encompasses Scope 1, 2, and 3 emissions. Specifically, Scope 1 emissions amounted to roughly 23.7 billion kg CO2e, Scope 2 to approximately 1.1 billion kg CO2e, and Scope 3 to about 9 billion kg CO2e. For the previous year, 2023, San Miguel's Scope 1 emissions were approximately 21.3 billion kg CO2e, and Scope 2 emissions were around 1.1 billion kg CO2e. Scope 3 emissions data for 2023 were not disclosed. San Miguel has established several climate commitments. The company aims to reduce its Greenhouse Gas (GHG) emission intensity by 30% by 2030, using 2021 as a baseline for both Scope 1 and Scope 2 emissions. Looking further ahead, they have committed to a 70% reduction in GHG emission intensity by 2040, also from 2021 levels, for Scope 1 and Scope 2. Previously, a goal was set to reduce GHG emission intensity by 25% by 2025, with 2018 as the baseline, for both Scope 1 and Scope 2 emissions. The emissions data for San Miguel is cascaded from its parent organisation, San Miguel Corporation.
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San Miguel’s Climate Goals (2030 & 2050)
4 goals2040
70% reduction in Scope 2
We are committed to reducing GHG emissions intensity by 70% by 2040 from 2021 levels.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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San Miguel
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