SM Investments Sustainability Profile
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 44 is higher than 65% 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 2,916,043,510 kg CO2e from Scope 3 emissions. This represents a significant increase in emissions compared to 2023, where total emissions were about 2,000,000,000 kg CO2e, 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 long-term reduction targets, aiming for a cumulative greenhouse gas (GHG) reduction of up to 40% by 2040, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions and is to be achieved through energy efficiency measures and the adoption of renewable energy sources. The company’s emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. SM Investments is committed to enhancing its sustainability practices and reducing its carbon footprint in alignment with global climate initiatives.
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| 2016 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 509,708,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is SM Investments's Industry?
How Carbon Intensive is SM Investments's Location?
SM Investments's Scope 3 Categories Breakdown
SM Investments's Scope 3 emissions, which increased by 296% last year and increased by approximately 442% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
SM Investments's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SM Investments has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
