Insider Spotlight
In a company statement, SM Investments said the group sourced about 730 million kilowatt-hours of electricity from renewable sources during the year, helping avoid 370,644.07 metric tons of carbon emissions.
The reduction is equivalent to removing around 296,954 electric-powered passenger vehicles from the road for one year.
“For us, investing in renewable energy is both a sustainability and business decision,” SM Investments president and chief executive officer Frederic C. DyBuncio said. “It helps us manage long-term energy costs, improve operational efficiency and build more resilient businesses to help us better serve our customers, tenants, communities and other stakeholders.”
The big picture
The conglomerate’s renewable energy strategy is anchored by Philippine Geothermal Production Company (PGPC), a wholly owned subsidiary of SM Investments operating the Mak-Ban and Tiwi steam fields in Batangas, Laguna and Albay.
The geothermal sites currently supply steam capable of generating up to 400 megawatts of renewable energy for households, offices and industrial facilities. PGPC is also developing six new geothermal sites across Luzon with the potential to add another 400 megawatts of clean energy capacity.
SM Investments said the Mak-Ban and Tiwi fields alone can generate enough geothermal steam to power up to one million households annually.
“Reliable and affordable energy is important not only for businesses but also for communities and the broader economy,” DyBuncio said. “We believe renewable energy, particularly geothermal, can help strengthen long-term energy security while supporting economic growth.”
By the numbers
SM Prime Holdings expanded solar adoption across its integrated property developments, installing more than 200,000 solar panels across 69 properties nationwide as part of broader energy efficiency initiatives.
Alfamart also installed solar panels at its Saraiya Distribution Center in Quezon Province with a peak solar capacity of 120.28 kilowatt-peak, aimed at improving supply chain efficiency.
The group’s banking units continued financing sustainability-linked projects. As of end-2025, BDO Unibank funded P1.21 trillion worth of sustainable projects, including 71 renewable energy developments amounting to P177 billion. China Banking Corp. separately provided P72 billion in financing for energy access, renewable energy and energy efficiency projects in 2025.
SM Investments said sustainability and operational efficiency remain integrated across its retail, property, banking and portfolio investment businesses. — Princess Daisy C. Ominga | Ed: Corrie S. Narisma
