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Sustainable development

SM Prime Holdings Inc. Embraces Sustainability in Operations through Energy Efficiency and Renewable Energy

Strategic Insights

— 1 min read

SM Prime Holdings Inc. has made significant strides in adopting sustainable practices in its operations, with a focus on energy efficiency and renewable energy. The company has invested in solar energy panels and energy-efficient LED lighting systems, which have resulted in a 28% reduction in energy consumption and a 31% decrease in carbon emissions. As part of its sustainability initiatives, SM Prime aims to transition to 100% renewable energy by the end of 2022.

Key Takeaways:

  • SM Prime has invested in solar energy panels and energy-efficient LED lighting systems, reducing energy consumption by 28% and carbon emissions by 31% in 10 SM Supermalls.
  • The company aims to transition to clean energy, with 50% of its energy coming from renewable sources by the end of 2022.
  • SM Prime has joined 2,500 organizations worldwide in supporting the Task Force on Climate-related Financial Disclosures (TCFD) to drive its business towards more sustainability initiatives related to climate change.
  • Through its program "Trash to Cash," the company has collected over 900,000 kilograms of assorted waste since its inception, promoting solid waste management and sustainability among its tenants and the local community.
  • SM Prime has partnered with the Trust International Paper Corp. to cover collection, transport, and recycling of waste paper, aligning with its environmental strategy of developing sustainable and resilient lifestyle cities.

Statistics:

  • 28% reduction in energy consumption through solar energy panels and energy-efficient LED lighting systems
  • 31% decrease in carbon emissions through solar energy panels and energy-efficient LED lighting systems
  • Over 900,000 kilograms of assorted waste collected through the "Trash to Cash" program
  • 50% of SM Prime's energy to come from renewable sources by the end of 2022

Sources:

  • SM Prime (email interview with BusinessMirror)
  • SM Prime press release on sustainability initiatives
  • Trust International Paper Corp. partnership announcement
  • Department of Environment and Natural Resources implementing rules and regulations
  • Task Force on Climate-related Financial Disclosures (TCFD) membership announcement

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