SM Investments Corporation (“SM Investments”), one of the largest and most diversified conglomerates in the Philippines, has been honoured with the prestigious titles of Top Sustainability Advocates in Asia and Asia’s Most Influential Companies at the 2024 Asia Corporate Excellence & Sustainability (ACES) Awards, organised by MORS Group.
These accolades recognise SM Investments’ outstanding commitment to integrating sustainability into its business operations and its influence as a leading corporate entity in the region.
Founded by visionary entrepreneur Henry Sy, Sr., SM Investments began as a small shoe store in 1958 and has since grown into a conglomerate that significantly contributes to economic development in the Philippines.
With a workforce of over 130,000 employees and millions of customers served daily, SM Investments operates across retail, property, banking, and portfolio investments.
As a key player in the Philippine economy, the company places a strong emphasis on sustainability, ensuring that its growth drives positive change for society and the environment.
At the core of SM Investments’ strategy is a vision to create a sustainable ecosystem of businesses that drive responsible development in the communities it serves.
The company’s sustainability framework focuses on three key pillars: environmental stewardship, social responsibility, and sound corporate governance.
This integrated approach ensures that SM Investments’ operations align with the goals of delivering sustainable outcomes for its stakeholders, including employees, customers, communities, and shareholders.
By embedding these principles into every business decision, SM Investments continuously adapts its practices to benefit society and protect natural resources, ensuring its role as a responsible corporate leader.
Focusing on professionalization, accountability, sustainability and transparency, SM Investments has been raising the bar on good corporate governance whilst promoting independent judgment and independent leadership.
Recently, the company moved to increase the size of its board to give more than majority, five out of nine seats, to independent directors.
SM Investments practices good corporate governance in all its dealings with all stakeholders, investors, business partners, creditors, customers and employees because it believes that good corporate governance will provide long-term growth, sustainability and success.
SM Investments goes beyond compliance in its environmental initiatives, focusing on biodiversity conservation and the protection of natural habitats.
As a strong advocate for micro, small, and medium enterprises (MSMEs), SM Investments has integrated over 100,000 MSMEs into its supply chain.
The dual recognition as Top Sustainability Advocates in Asia and Asia’s Most Influential Companies at the 2024 ACES Awards underscores SM Investments’ leadership in sustainable business practices and its profound impact on communities it serves.
Shanggari B, President of the ACES Awards, states, “SM Investments Corporation’s visionary growth and strategic investments demonstrate its unwavering commitment to fostering sustainable development and economic progress for the Philippines.”
About SM Investments Corporation
SM Investments Corporation is a leading Philippine conglomerate with interests in retail, property, banking, and portfolio investments. Founded in 1958, SM Investments has grown into a critical driver of national development, employing over 130,000 people and serving millions of customers through its various businesses. Known for its strong commitment to sustainability, SM Investments continues to prioritise environmental stewardship, social impact, and good governance, setting a benchmark for responsible corporate practices in the region.
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