SM Investments Corporation (SM Investments), the Sy family’s flagship and one of the leading conglomerates in the Philippines, won a Stevie at the 20th Annual International Business Awards.
In a statement, the firm said it bagged the Stevie Award as Bronze Winner for the Best Annual Report – Privately-Owned Companies category.
“We are pleased to receive this award for our 2022 Integrated Report that reflects how we continue to serve communities,” said SM Investments President and CEO Frederic C. DyBuncio.
He noted that, “we are mindful that with transparent reporting, we can demonstrate that our business performance and sustainability efforts continue to create value for all our stakeholders.”
The International Business Awards (IBAs) are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small - are eligible to submit nominations.
The 2023 IBAs received entries from organizations in 61 nations and territories.
The judges of the award-giving body said, “the (SM Investments) report encompasses a good survey and gives a great overview on the Philippine economy.”
SM Investments has controlling stakes in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
The firm’s retail operations are the country’s largest and most diversified with its food, non-food, and specialty retail stores.
SM’s property arm, SM Prime Holdings Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments.
Meanwhile, the conglomerates’ interests in banking are in BDO Unibank Inc., the country’s largest bank, and China Banking Corporation, the fourth largest bank by total assets among private banks.