June 22, 2024

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SM’s steadfast commitment to sustainability and social good

2 min read

Achieving a balance between economic growth, social equity, and environmental responsibility accommodates the needs of current and future generations while successfully preserving the environment. Because of this, businesses across the Philippines have increasingly adopted sustainable development ambitions, such as the environmental, social, and governance (ESG) agenda, and corporate social responsibility (CSR) initiatives to guide their decision-making processes.

As one of the biggest conglomerates in the Philippines, SM takes pride in spearheading sustainability efforts across its diverse business ventures, such as retail, real estate, banking, and investments.

SM has divided its efforts into two initiatives, namely SM For Social Good and SM Green Movement, to enhance the sustainability of its businesses and address the climate adaptability of its cities and communities.

SM For Social Good facilitates opportunities to build a healthy and thriving community. Hence, the socioeconomic impact of SM provides access to needs that are foundational in achieving long-term community development.

According to SM Investments Corp.’s (SMIC) latest annual integrated report, the conglomerate has created 140,029 jobs, released P62.72 billion loans to micro, small and medium enterprises (MSMEs), and sponsored 11,750 academic scholars to date.

SM also helped build 342 schools, 1,110 classrooms, and 317 health centers and medical facilities.

Through proper skills and education, SM also helps families free themselves from hunger and malnutrition by providing backyard farmer training to families in vulnerable communities. With 28,550 farmers trained and 266 training sessions, the beneficiaries can now offer more nutritious yet cheaper choices for their families.

SM is also quick to respond whenever there is a need for food and essential goods in the aftermath of typhoons, earthquakes, and other calamities. It distributed 819,024 Kalinga packs and conducting 663 Operation Tulong…

BusinessWorld

2023-10-19 20:55:46

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