SM Retail, Inc. Sustainability Profile
SM Retail, Inc., a leading player in the retail industry, is headquartered in the Philippines and operates extensively across the archipelago. Founded in 1985, the company has established itself as a cornerstone of the Philippine retail landscape, with a diverse portfolio that includes supermarkets, department stores, and specialty shops. Renowned for its commitment to quality and customer satisfaction, SM Retail offers a wide range of products, from groceries to fashion and electronics. Its unique approach to retail combines modern shopping experiences with a focus on local community needs. As a subsidiary of SM Investments Corporation, SM Retail has achieved significant milestones, including the expansion of its store network and the introduction of innovative shopping solutions. With a strong market position, SM Retail continues to be a trusted name among Filipino consumers, reflecting its dedication to excellence and community engagement.
DitchCarbon Score
How does SM Retail, Inc.'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 Real Estate 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 Retail, Inc.'s score of 45 is higher than 68% 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 Retail, Inc., headquartered in the Philippines, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of SM Investments Corporation, which may influence its climate commitments and emissions reporting. As of now, SM Retail, Inc. has not established specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other recognised frameworks. The absence of documented reduction targets suggests that the company is still in the early stages of formalising its climate strategy. While there are no direct emissions figures to report, SM Retail, Inc. is likely to align its sustainability efforts with the broader commitments of its parent company, SM Investments Corporation. This relationship may provide a framework for future emissions reporting and climate action initiatives. In summary, SM Retail, Inc. is currently working towards developing its climate commitments, with potential guidance from its parent organisation, but lacks specific emissions data and reduction targets at this time.
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| 2016 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 509,708,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is SM Retail, Inc.'s Industry?
How Carbon Intensive is SM Retail, Inc.'s Location?
SM Retail, Inc.'s Scope 3 Categories Breakdown
SM Retail, Inc.'s Scope 3 emissions, which increased by 296% last year and increased by approximately 442% since 2021, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 56% of total emissions under the GHG Protocol, with "Downstream Leased Assets" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
SM Retail, Inc.'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 Retail, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
