PASAY CITY, PHILIPPINES, Nov. 26, 2024 — At the 2024 Asia Corporate Excellence and Sustainability Awards (ACES), SM Investments Corporation (SM Investments) received accolades as Asia’s Most Influential Company and a Top Sustainability Advocate in Asia.

Frederic C. DyBuncio, President and CEO of SM Investments, expressed gratitude for the recognition and stated their commitment to responsible and sustainable growth alongside the communities they serve.

The ACES Council commended SM Investments’ comprehensive and integrated sustainability approach across its operations. They highlighted SM Investments’ influence as a sustainability benchmark in the Philippines and Asia, citing their community building initiatives, partnerships with micro, small, and medium enterprises (MSMEs), and strong corporate governance as key factors in their positive socio-economic impact.

The council also acknowledged SM Investments’ dedication to renewable energy and diverse and inclusive workforce practices. The company operates the Philippine Geothermal Production Company, managing geothermal fields in Tiwi, Albay, and Makban, Quezon, with plans to expand across six provinces.

With over 130,000 employees, SM Investments demonstrates significant gender diversity, with women comprising 63% of its workforce and 58% of its leadership positions.

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

About SM Investments Corporation

SM Investments Corporation is a leading Philippine company with investments in retail, banking, and property sectors. It also invests in ventures capitalizing on high-growth opportunities within the Philippine economy.

SM’s retail operations are the nation’s largest and most diverse, encompassing grocery stores, department stores, and specialty retail outlets. SM Prime Holdings, Inc., its property division, is the Philippines’ largest integrated property developer, with holdings in malls, residences, offices, hotels, convention centers, and tourism-related properties. In banking, SM has interests in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

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