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.
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 81% 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 2023, SM Investments reported total carbon emissions of approximately 2,792,000,000 kg CO2e. This figure includes Scope 1 emissions of about 418,800,000 kg CO2e, Scope 2 emissions of approximately 1,423,920,000 kg CO2e, and Scope 3 emissions totalling around 949,280,000 kg CO2e. The Scope 3 emissions breakdown includes capital goods at about 187,600,000 kg CO2e and downstream leased assets at approximately 741,020,000 kg CO2e. Comparatively, in 2022, the company recorded total emissions of about 2,595,000,000 kg CO2e, with Scope 1 at approximately 446,720,000 kg CO2e, Scope 2 at around 1,451,840,000 kg CO2e, and Scope 3 at about 893,440,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. SM Investments has set ambitious climate commitments, aiming for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030, using 2020 as the baseline year. Additionally, the company is committed to minimising greenhouse gas emissions in alignment with the Paris Agreement, targeting a limit on global temperature increase to 1.5ºC. These initiatives reflect their dedication to sustainable practices and adherence to local environmental regulations, such as the Clean Air Act.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 444,600,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,357,200,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | 538,200,000 | 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 Investments 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.
