SM Investments Corp., one of the leading conglomerates in the Philippines, was named one of Asia’s Outstanding Companies for ESG (environmental, social and governance) in August 2023 by Hong Kong financial magazine Asiamoney.
The company earned the highest number of votes for the Philippines in the category.
BDO Unibank, SM Investments’ banking arm, was also awarded by Asiamoney for the banking category in the Philippines.
“We are honored by this award from Asiamoney and the trust our stakeholders put in our efforts to uphold the best ESG practices across the group. We have a strong commitment towards pursuing sustainable growth. In time for SM’s 65th anniversary, we are guided by our founder Henry Sy’s principle that business and social development go hand in hand,” said SM Investments president and chief executive Frederic DyBuncio.
More than 1,200 fund managers, analysts, bankers and ratings agencies were surveyed and 7,653 votes in total were garnered for the selection of the outstanding companies for publicly listed companies across 12 markets in Asia.
SM Investments is a leading Philippine company that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SM’s retail operations are the country’s largest and most diversified with its food, non-food and specialty retail stores.
SM’s property arm, SM Prime Holdings Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels and convention centers as well as tourism-related property developments.
SM’s interests in banking are in BDO Unibank, the country’s largest bank, and China Banking Corp., the fourth largest by total assets among private banks.