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OrganisationsSm Prime
Sm Prime logo

Sm Prime

Retail Trade ServicesPhilippinesPSE: SMPH
Last verified 15 days agosmprime.com

SM Prime Holdings, Inc., commonly known as SM Prime, is a leading player in the retail trade services sector in the Philippines. Headquartered in Pasay City, SM Prime has established a significant presence across major regions, including Luzon, Visayas, and Mindanao. Founded in 1994, the company has achieved remarkable milestones, expanding its portfolio to encompass shopping malls, residential developments, and commercial properties.

Specialising in retail trade services, SM Prime is renowned for its diverse offerings, which include shopping centres, leisure facilities, and integrated lifestyle communities. What sets SM Prime apart is its commitment to innovation and customer experience, making it a preferred destination for millions. With a strong market position, SM Prime continues to be a driving force in the Philippine economy, consistently recognised for its contributions to the retail landscape.

44
DitchCarbon score

+8 vs industry average

Sm Prime’s score of 44 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Retail Trade Services has below-average carbon intensity

Industry performance

0.181
20182025

The Retail Trade Services industry has reduced its overall emissions by 31% since 2018

Emissions trajectory 2020 – 2027

0.0B0.0B0.0B0.0B0

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20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Sm Prime's reported carbon emissions

SM Prime, a retail trade services company based in the Philippines (PH), has outlined significant climate commitments. The company's most recent reported emissions data is for 2024, with a total of approximately 4.05 billion kg CO2e. This total comprises about 343.2 million kg CO2e of Scope 1 emissions, 748.8 million kg CO2e of Scope 2 emissions, and 2.96 billion kg CO2e of Scope 3 emissions.

For 2023, SM Prime reported a total of approximately 1.64 billion kg CO2e, with Scope 1 emissions at 104.3 million kg CO2e, Scope 2 at 674.6 million kg CO2e, and Scope 3 at 864.8 million kg CO2e.

SM Prime is actively pursuing greenhouse gas (GHG) emission reductions. The company aims for a Net Zero target by 2040. In the near term, SM Prime has set ambitious targets for 2030. These include a 70% reduction in Scope 1 and 2 emissions and a 50% reduction in Scope 3 Category 13 emissions, both based on 2019 levels. These updated targets are more aggressive than their initial minimum ambition, which aimed for a 46.2% reduction in Scope 1 and 2, and a 27.5% reduction in Scope 3 by 2030. The company also has an SBTi (Science Based Targets initiative) commitment for Net Zero by 2050.

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Sm Prime’s Climate Goals (2030 & 2050)

2 goals

2030

70% reduction in Scope 2

To align with a 1.5°C pathway, its minimum ambition targets include a 46.2% reduction in Scope 1 and 2 emissions and a 27.5% reduction in Sc…

Behind target70%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

See all 2 climate goals

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Scope 3 top emissions categories

No scope 3 category breakdown has been disclosed yet.

Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

Inherited from SM Investments Corporation
See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Sm Prime logoSm Prime
PHRetail Trade Services
15 days ago
44
Philippine Long Distance Telephone logoPhilippine Long Distance Telephone
PHPost and Telecommunications Services
8 days ago
76
View
San Miguel logoSan Miguel
PHBusiness Services
2 hours ago
32
View
Jollibee Foods logoJollibee Foods
PHHospitality
8 days ago
30
View
Landco Pacific Corporation logoLandco Pacific Corporation
PHReal Estate Services
8 days ago
16
View
Eagle Cement logoEagle Cement
PHCement Production
8 days ago
8
View
DMCI Homes, Inc. logoDMCI Homes, Inc.
PHReal Estate Services
3 months ago
5
View

Frequently asked questions

Common questions about Sm Prime’s sustainability data and climate commitments

In 2024, Sm Prime's estimated total greenhouse gas emissions were approximately 4.05 billion kg CO₂e. The emissions are divided into roughly 343 million kg from Scope 1, about 749 million kg from Scope 2, and nearly 2.96 billion kg from Scope 3. This data indicates that the majority of emissions, over 70%, originate from Scope 3, which includes supply chain activities. These figures highlight the company's significant environmental impact and its focus on reducing emissions across all operational scopes to meet sustainability goals.

Data year: 2024

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