MANILA, Philippines — SM Investments Corporation (SM) and SM Investments Corporation. have been recognized for their corporate sustainability efforts.
Both companies received the highest honor, Platinum Awards for the ninth consecutive year at the 2019 The Asset ESG Corporate Awards.
SM and BDO join the roster of top corporates in the region for excellence in environmental, social and governance performance.
The Asset ESG Awards are the longest running ESG awards in Asia by leading research house Asset Benchmark Research.
“The awards are a rigorous benchmarking service for the region’s listed companies evaluated based on financial performance, quality of governance, social responsibility, environmental responsibility and investor relations,” SMIC said.
The Asset also recognized the SM investor relations group as one of the 13 Best Investor Relations Team Awardees in the region for their contribution and effective communication in addressing investors’ concerns.
Founded by the late taipan Henry Sy, SMIC is engaged in retail, banking and property development. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.
SMIC’s retail operations are the country’s largest and most diversified with its food, non-food and specialty retail stores.
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.
BDO, meanwhile, is the country’s largest bank while China Banking Corp. is the sixth largest bank in the country.