Sm Prime

SM Prime, headquartered in the Philippines within the Retail trade services sector, reported total carbon emissions of approximately 4.05 billion kg CO2e in 2024. This figure comprises about 343.2 million kg CO2e from Scope 1, 748.8 million kg CO2e from Scope 2, and 2.96 billion kg CO2e from Scope 3 emissions.

For 2023, the company's total emissions were about 1.64 billion kg CO2e, including approximately 104.3 million kg CO2e (Scope 1), 674.6 million kg CO2e (Scope 2), and 864.8 million kg CO2e (Scope 3). In 2022, total emissions stood at approximately 1.45 billion kg CO2e, with Scope 1 at about 95.2 million kg CO2e, Scope 2 at roughly 590.1 million kg CO2e, and Scope 3 at around 769.6 million kg CO2e.

SM Prime has committed to ambitious climate targets. It aims for a 70% reduction in Scope 1 and 2 emissions and a 50% reduction in Scope 3 Category 13 emissions by 2030, using 2019 levels as a baseline. The company also has a long-term goal of achieving Net Zero by 2040. SM Prime Holdings, Inc. has previously committed to Science Based Targets initiative (SBTi) for near-term and net-zero goals, although the near-term commitment has since been removed.