SM’s economic impact lauded with conglomerate of the year award

The Sy family-led SM Investments Corp. (SM Investments) has been honored with top awards at the 21st Annual International Business Awards, highlighting its impressive journey from a small shoe store in Manila to one of the country’s largest conglomerates. 

The company received a Gold Stevie® for Company of the Year in the Conglomerates category, recognizing its growth and impact across retail, property, banking, and investments. 

Additionally, SM Investments earned a Silver Stevie® for Best Annual Report, celebrating its transparent and effective communication in the 2023 Integrated Report themed “Committed to Our Customers.”

The judges commended SM Investments for its impressive growth and impact on the Philippine economy. 

"SM Investments’ impressive financial performance, strong commitment to sustainability and substantial contributions to social welfare and the economy underscore its status as a leading conglomerate in the Philippines," said a judge from the Stevie® Awards. 

Frederic DyBuncio
SM Investments President, CEO 

SM’s significant contributions to the Philippine economy were also acknowledged, with the company supporting over 130,000 jobs and helping more than 100,000 micro, small, and medium enterprises. 

“This recognition inspires us more to deliver products and services that matter to our customers while positively impacting the communities we serve,” said Frederic DyBuncio, president and CEO of SM Investments. 

“We hope to continue growing together with our stakeholders and to contribute to a more sustainable future,” he added. 

Through the SM Foundation, the company has improved education, healthcare, and community welfare, benefiting over 1 million Filipinos. The Stevie® Awards, which celebrate global business excellence, attracted over 3,600 entries from organizations worldwide for this year’s competition.

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