SMIC wins regional recognition for sustainability reporting

SM Investments Corporation (SM Investments), the parent conglomerate of the SM Group, has secured a regional sustainability reporting accolade after earning a Silver Rank from the Asia Sustainability Reporting Rating (ASRRAT) for its 2024 Sustainability Report.

The citation marks the company’s fourth recognition from ASRRAT, a regional assessment platform spearheaded by the National Center for Sustainability Reporting (NCSR), an Indonesia-based independent organization that promotes sustainability disclosure and reporting standards.

SM Investments President and Chief Executive Officer Frederic DyBuncio said the recognition underscores the company’s long-standing commitment to embedding sustainability across its operations.

“Guided by our responsibility to the communities we serve, we continue to embed sustainability into every part of our business. This recognition encourages us to keep strengthening our climate resilience, transparency, and long-term value creation for all our stakeholders,” DyBuncio said.

The conglomerate has been an early adopter of global sustainability frameworks in the Philippines, including the International Financial Reporting Standards’ sustainability standards IFRS S1 and S2, which focus on general sustainability-related financial disclosures and climate-related reporting.

The ASRRAT was expanded in 2023 to include companies beyond Indonesia, recognizing a total of 75 organizations – 68 Indonesian firms and seven companies from the Philippines, Bangladesh, Russia, and Australia – for their sustainability reporting practices.