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.
+3 vs industry average
SM Investments’s score of 39 is higher than 55% 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
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
SM Investments's reported carbon emissions
In 2024, SM Investments reported total carbon emissions of approximately 4.5 billion kg CO2e, comprising Scope 1 emissions of about 822 million kg CO2e, Scope 2 emissions of approximately 1.45 billion kg CO2e, and Scope 3 emissions of around 2.92 billion kg CO2e. This data reflects a comprehensive approach to emissions reporting, including all relevant scopes. The company 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. SM Investments is committed to transparency in its climate initiatives, with emissions data sourced directly from its own reporting. The company does not inherit emissions data from any parent or related organizations, ensuring that its reported figures accurately reflect its operational impact.
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SM Investments’s Climate Goals (2030 & 2050)
2 goals2040
40% reduction in Scope 2
Through energy efficiency measures and the adoption of renewable energy sources, we project a cumulative GHG reduction of up to 40% by 2040,…
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.
See all 2 climate goals
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Scope 3 top emissions categories
4 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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