By James A. Loyola
SM Investments Corporation (SM), the flagship of the Sy family, was confirmed as part of the FTSE4Good Index Series (FTSE4Good) for its strong Environmental, Social and Governance (ESG) practices.
In a statement, SM said it is also included in the FTSE4Good Emerging Index ranked among constituents in over 20 countries worldwide.
FTSE4Good is managed by FTSE Russell of the London Stock Exchange Group and is designed to identify companies that demonstrate strong ESG practices against globally recognized standards.
FTSE Russell, the global index leader that provides innovative benchmarking analytics and data solutions for investors worldwide, created the index in 2001.
The FTSE4Good Emerging Indexes measure the performance of companies in emerging markets that meet the recognized ESG inclusion standards used by the FTSE4Good Index Series.
“We are honored to be included in FTSE4Good. This affirms our commitment to sustainable operations and strong adherence to good corporate governance,” said SM President and Chief Executive Officer Frederic C. DyBuncio.
He added that, “we remain focused on our key strategies to create shared value for all our stakeholders which includes the communities we serve.”
Investors use these indices when creating or assessing responsible investment funds and other products for its transparent management and clearly defined ESG criteria.
Every year, SM measures its ESG performance and discloses its Sustainability Report based on the widely used reporting framework, Global Reporting Initiative.