Its continued inclusion affirms the property giant’s commitment to Environmental, Social and Governance (ESG) principles and its long-term sustainability strategy.
The FTSE4Good Index, developed by FTSE Russell, a subsidiary of the London Stock Exchange Group, is a global benchmark for companies that meet rigorous ESG standards. SM Prime’s continued presence in the index highlights the alignment of its corporate practices with international sustainability metrics.
“Our continued inclusion in FTSE4Good reinforces the strength of our ESG fundamentals and validates sustainability as a core pillar of long-term value creation for the SM property group,” said Jeffrey C. Lim, president of SM Prime.
The company has made notable strides in clean energy adoption.
Solar rooftop systems are now installed in 48 of its malls and properties, including a recent 3.785-megawatt peak (MWp) project at SM City Fairview, which features nearly 6,900 panels. The system is projected to generate 5,960 megawatt-hours annually, avoiding about 4,133 tons of carbon dioxide emissions a year.
SM Prime also integrates water reuse systems, rainwater harvesting, and solid waste management in its operations. The company prioritizes community resilience and inclusive design in its developments, reinforcing ESG as a cornerstone of its business.
“As we build on our ESG momentum, we remain focused on scaling our renewable energy program, advancing climate-resilient infrastructure and deepening engagement with our stakeholders to future-proof our portfolio and support broader sustainability goals,” Lim added.
FTSE4Good evaluates companies across 300+ data points in ESG, covering themes like climate change, human rights, and anti-corruption. Firms in emerging markets must meet a minimum ESG score of 2.9 for inclusion. —Ed: Corrie S. Narisma
