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SM, BDO among Asia's outstanding companies

Business | The Stock Market

SM, BDO among Asia's outstanding companies

By James A. Loyola

SM Investments Corporation (SMIC), the flagship of the Sy family and one of the leading conglomerates in the Philippines, and its banking arm BDO Unibank Inc. came out among Asia’s Outstanding Companies based on a poll by Asiamoney magazine.

In a statement, SMIC said it was recently awarded as one of Asia’s Outstanding Company for ESG (Environmental, Social and Governance) by market last August 2023 by Hong Kong financial magazine Asiamoney.

The company earned the highest number of votes for the Philippines in the said category.

BDO Unibank was also awarded by Asiamoney for the Banking category in the Philippines.

SMIC buys out partners in geothermal firm for P15.73 B — SMIC President and CEO Frederic C. DyBuncio

“We are honored by this award from Asiamoney and the trust our stakeholders put in our efforts to uphold the best ESG practices across the group,” said SMIC President and CEO Frederic C. DyBuncio.

He added that, “we have a strong commitment towards pursuing sustainable growth. In time for SM's 65th anniversary, we are guided by our founder Henry Sy’s principle that business and social development go hand in hand.”

Over 1,200 fund managers, analysts, bankers and ratings agencies were surveyed and 7,653 votes in total were garnered for the selection of the outstanding companies for publicly listed companies across 12 markets in Asia.

Related Tags

BDO Unibank Inc. Frederic C. DyBuncio SM Investments Corp.

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