Sm Prime

Sm Prime's reported carbon emissions

SM Prime, a retail trade services company headquartered in the Philippines, has published its carbon emissions data for several years. In 2024, the company reported total emissions of approximately 4.05 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling around 343.2 million kg CO2e, Scope 2 emissions of approximately 748.8 million kg CO2e, and Scope 3 emissions at about 2.96 billion kg CO2e. In 2023, SM Prime's total emissions were approximately 1.64 billion kg CO2e, with Scope 1 at about 104.3 million kg CO2e, Scope 2 at approximately 674.6 million kg CO2e, and Scope 3 at around 864.8 million kg CO2e. SM Prime has established ambitious climate commitments. The company aims for Net Zero by 2040. In alignment with a 1.5°C pathway, SM Prime has set interim targets, including a minimum ambition of a 46.2% reduction in Scope 1 and 2 emissions and a 27.5% reduction in Scope 3 emissions by 2030, based on 2019 levels. More aggressively, SM Prime has set a target for a 70% reduction in Scope 1 and 2 emissions and a 50% reduction in Scope 3 Category 13 emissions by 2030. These targets are derived from their own reporting. The organisation's climate commitments are cascaded from SM Prime Holdings, Inc., where SM Prime acts as a current subsidiary.