SM CEO highlights value creation, sustainability as group earns Time Magazine honors

The verdict is in and three SM Group companies, including the Sy family’s flagship conglomerate SM Investments Corp., were recognized among the World’s Best Companies for 2024 by TIME Magazine and Statista.

It was joined by SM Prime Holdings and China Banking Corporation, with the recognition highlighting their excellence in employee satisfaction, revenue growth, and sustainability.

SM has played a pivotal role in boosting the Philippine economy by generating over 131,000 jobs and supporting more than 100,000 micro, small, and medium enterprises. 

Long-term view 

“We are grateful to be part of the list of the world’s best companies as it reflects our group's collective commitment to responsible and inclusive development,” said Frederic DyBuncio, president and CEO of SM Investments. 

“It also highlights our dedication to creating shared value for all stakeholders while ensuring the long-term sustainability of the enterprise,” he added.

SM is also a leader in sustainability. 

In 2023, its subsidiary, Philippine Geothermal Production Co., produced over 2,600 gigawatt-hours of steam energy. SM has additionally planted 2.65 million trees, safeguarded 24 hectares of mangroves, and installed 23.3 megawatts peak of solar panels across its malls.

The 2024 list is based on a global analysis of companies, focusing on employee satisfaction, revenue growth, and sustainability. 

Global recognition 

Surveys were conducted in over 50 countries, with input from around 170,000 participants. 

Companies had to have at least $100 million in revenue, with growth from 2021 to 2023. Sustainability was assessed using Environmental, Social, and Governance (ESG) data from Statista and additional research.

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