Sm Prime Sustainability Profile
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 52 is higher than 71% 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 totalling around 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 is committed to achieving net-zero emissions across all scopes by 2040. These targets align with a 1.5°C pathway, reflecting a proactive approach to climate action. SM Prime's emissions data is cascaded from its parent company, SM Prime Holdings, Inc., which is responsible for the overall climate strategy and reporting. The company is also committed to the Science Based Targets initiative (SBTi), reinforcing its dedication to transparent and science-aligned climate goals.
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| 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 |
How Carbon Intensive is Sm Prime's Industry?
How Carbon Intensive is Sm Prime's Location?
Sm Prime's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sm Prime has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
