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SMIC bags twin Asia sustainability awards

Business | The Stock Market

SMIC bags twin Asia sustainability awards

By James A. Loyola

Sy family flagship SM Investments Corporation (SMIC) bagged titles of Asia’s Most Influential Companies and Top Sustainability Advocates in Asia at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES).

“We are grateful for the recognition and are inspired to continue to work even harder to grow responsibly and sustainably with the communities that we serve,” said SMIC President and CEO Frederic C. DyBuncio in a statement.

FCD with ACES 03.png — SM Investments President and CEO Frederic C. DyBuncio holds SM’s double win from the Asia Corporate Excellence and Sustainability Awards.

The ACES Council praised SM Investments for its comprehensive approach to sustainability, which is embedded in all aspects of its operations.

They noted that “their influence extends beyond business operations, as they set benchmarks for sustainability in the Philippines and across Asia."

“By building integrated communities, fostering partnerships with MSMEs, and prioritizing corporate governance, SM Investments exemplifies leadership that positively impacts not just its stakeholders, but the broader socio-economic landscape,” the council added.

The council also highlighted SM Investments’ commitment to renewable energy and its focus on diversity and inclusion within its workforce.

The company operates the Philippine Geothermal Production Company, which runs geothermal fields in Tiwi, Albay, and Makban, Quezon, while exploring additional sources across six provinces.

With a workforce exceeding 130,000, SM Investments is notable for its gender diversity, with 63 percent of its employees being women, and 58 percent of leadership roles filled by women.

Established in 2014, the ACES Awards aim to showcase the achievements of Asian companies to the global business community, supported by a council of experts in academia, sustainability, and public policy.

Related Tags

Asia Corporate Excellence and Sustainability Awards Frederick C. DyBuncio SM Investments Corporation

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