Sm Prime

SM Prime, headquartered in PH and operating in the Retail trade services sector, reported total carbon emissions of approximately 4.05 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 343.2 million kg CO2e, Scope 2 emissions of 748.8 million kg CO2e, and Scope 3 emissions of approximately 2.96 billion kg CO2e. In 2023, the company's total emissions were about 1.64 billion kg CO2e, comprising 104.3 million kg CO2e from Scope 1, 674.6 million kg CO2e from Scope 2, and 864.8 million kg CO2e from Scope 3.

SM Prime has set ambitious climate commitments, aiming 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. These targets exceed their minimum ambition targets of a 46.2% reduction in Scope 1 and 2 emissions and a 27.5% reduction in Scope 3 emissions to align with a 1.5°C pathway. The company has also committed to achieving Net Zero emissions by 2040. SM Prime's near-term and net-zero commitments with the Science Based Targets initiative (SBTi) were initially committed but later removed or expired. All provided data and targets are directly from SM Prime Holdings, Inc.