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 39 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Sm Prime's reported carbon emissions
In 2023, SM Prime Holdings, Inc. 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. The company has shown a commitment to reducing its carbon footprint, having set a long-term target to achieve net-zero emissions by 2050 across all scopes. This commitment was formalised in 2023, aligning with the Science Based Targets initiative (SBTi). In previous years, SM Prime's emissions have fluctuated, with total emissions recorded at approximately 1,509,855,910 kg CO2e in 2021 and 1,454,912,230 kg CO2e in 2022. The company has disclosed emissions data for Scope 1 and 2, while also addressing Scope 3 emissions, which are significant in the real estate sector. SM Prime's ongoing efforts to mitigate climate impact reflect a broader industry trend towards sustainability and accountability in emissions reporting. The company is actively working towards its climate commitments, demonstrating a proactive approach to environmental stewardship in the Philippines and beyond.
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 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.
