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 32 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Sm Prime's reported carbon emissions
In 2023, SM Prime Holdings, Inc., headquartered in the Philippines, reported total carbon emissions of approximately 1,643,787,430 kg CO2e. This figure includes 104,349,110 kg CO2e from Scope 1 emissions, 674,639,450 kg CO2e from Scope 2 emissions, and 864,798,870 kg CO2e from Scope 3 emissions. Over the years, SM Prime has demonstrated a commitment to reducing its carbon footprint. The company has set a long-term target to achieve net-zero emissions by 2050, encompassing all scopes of emissions. This commitment was formalised in June 2023, aligning with the Science Based Targets initiative (SBTi). In previous years, SM Prime's emissions have varied, with total emissions recorded at approximately 1,509,855,910 kg CO2e in 2021 and 998,529,710 kg CO2e in 2020. The company has actively disclosed its emissions data across Scopes 1, 2, and 3, reflecting a transparent approach to its environmental impact. As part of its climate strategy, SM Prime is focused on implementing initiatives that contribute to significant reductions in greenhouse gas emissions, thereby supporting global efforts to combat climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 18,310,000 | 00,000,000 | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 000,000,000 |
| Scope 2 | 326,984,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 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 |
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 committed to some reduction initiatives 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.
