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Sm Prime
SM Prime Holdings, Inc., commonly referred to as SM Prime, is a leading property developer based in the Philippines. Established in 1994, the company has its headquarters in Pasay City and operates extensively across key regions in the Philippines and China. Specialising in the real estate industry, SM Prime focuses on various sectors, including shopping malls, residential developments, commercial properties, and leisure facilities. With a commitment to innovation and sustainability, SM Prime has achieved significant milestones, such as becoming one of the largest integrated property developers in Southeast Asia. Its core offerings, particularly in mall management and residential projects, are distinguished by their strategic locations and comprehensive amenities. Recognised for its market leadership, SM Prime continues to set benchmarks in the industry, contributing to urban development and enhancing the quality of life for communities.
DitchCarbon Score
How does Sm Prime'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 Retail Trade Services 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 Prime's score of 49 is higher than 70% 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 Prime's reported carbon emissions
In 2024, SM Prime Holdings, Inc., headquartered in the Philippines, reported total carbon emissions of approximately 4,050,675,540 kg CO2e. This figure includes Scope 1 emissions of about 343,209,300 kg CO2e, Scope 2 emissions of approximately 748,799,760 kg CO2e, and significant Scope 3 emissions amounting to about 2,958,666,480 kg CO2e. The company 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. Additionally, SM Prime has committed to achieving net-zero emissions by 2040 across all scopes. These targets align with a 1.5°C pathway, demonstrating a proactive approach to climate action. SM Prime's emissions data is cascaded from its parent company, ensuring consistency and accountability in its reporting. The company is also committed to the Science Based Targets initiative (SBTi), reinforcing its dedication to sustainable practices within the real estate sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 509,708,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
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 Prime 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.
