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Manila Bulletin devider Business devider SM releases 2nd sustainability report

SM releases 2nd sustainability report

Published May 3, 2022 04:32 am

SM Investments Corporation announced the release of its Integrated Report for 2021 to communicate the value of sustainable business practices across its portfolio.

In a statement, the firm said the report features stories on innovation and community support amid the ongoing impacts of the COVID-19 pandemic.

SMIC Integrated Report Cover

It also discloses the company’s performance and actions on how it affects the commercial, social and environmental context within the area in which it operates.

“Through this report, we highlight the huge impact SM’s businesses and our wide ecosystem had last year – in financial performance, vaccination rollout, economic recovery, disaster response and resilience and in addressing climate change,” said SM Consultant for Investor Relations and Sustainability Timothy Daniels.

As restrictions on mobility continue to ease, SM has expressed optimism on the rebound of the country’s economy and the gradual reopening of the Philippines under the “new normal.”

“We continued to build on our collective resilience to the pandemic and to address national needs. We also sought to improve our transparent reporting and areas of advocacy,” Daniels said.

This year marked the second time the group released its Integrated Report.

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