SM Investments

SM Investments, headquartered in the PH and operating in Services auxiliary to financial intermediation, reported Scope 1 emissions of 487,370,060 kg CO2e in 2025. In 2024, its Scope 1 emissions were 509,002,000 kg CO2e.

For 2023, SM Investments disclosed Scope 1 emissions of 442,000,000 kg CO2e, Scope 2 emissions of 1,418,000,000 kg CO2e (location-based), and Scope 3 emissions of 735,710,710 kg CO2e. This included 182,410,710 kg CO2e from capital goods, 7,783,960 kg CO2e from upstream leased assets, 540,529,530 kg CO2e from downstream leased assets, 4,528,880 kg CO2e from purchased goods and services, and 457,620 kg CO2e from waste generated in operations.

Looking back, in 2022, the company's total reported emissions were approximately 2.595 billion kg CO2e, comprising 415,200,000 kg CO2e for Scope 1, 1,349,400,000 kg CO2e for Scope 2, and 893,440,000 kg CO2e for Scope 3. The Scope 3 emissions in 2022 included 216,840,000 kg CO2e from capital goods, 8,340,000 kg CO2e from upstream leased assets, and 608,820,000 kg CO2e from downstream leased assets. In 2021, SM Investments reported total emissions of approximately 2.34 billion kg CO2e, with 444,600,000 kg CO2e from Scope 1, 1,357,200,000 kg CO2e from Scope 2, and 538,200,000 kg CO2e from Scope 3.

SM Investments has set several climate commitments. The company aims for a 30% reduction in Scope 1 emissions by 2030 from a 2020 baseline. Similarly, a 30% reduction in Scope 2 emissions is targeted by 2030, also from a 2020 baseline. Additionally, the company projects a cumulative greenhouse gas reduction of up to 40% by 2040 for both Scope 1 and Scope 2 emissions, using 2019 as the baseline. This reduction is to be achieved through energy efficiency measures and the adoption of renewable energy sources. The company also states an aim to minimise GHG emissions to align with the Paris Agreement's 1.5ºC goal and adhere to RA8749 or the Clean Air Act standards, with a short-term timeframe of 2023-2025.