SMIC releases 2nd Integrated Report

MANILA, Philippines — SM Investments Corp. (SMIC) released its Integrated Report for 2021 during its  annual stockholders’ meeting  held last April 27.

With this year’s theme of ‘Together, We Recover,’ SMIC has further communicated the value of sustainable business practices across its portfolio as it features stories on innovation and community support amid the ongoing impacts of the COVID-19 pandemic.

The report covers the period Jan. 1 to Dec. 31, 2021 and discloses the company’s performance and actions on how it affects the commercial, social and environmental context within the area in which it operates.

“Through this report, we highlight the huge impact SM’s businesses and our wide ecosystem had last year – in financial performance, vaccination rollout, economic recovery, disaster response and resilience and in addressing climate change,” Timothy Daniels, SMIC consultant for investor relations and sustainability said.

As restrictions on mobility continues to ease, SMIC has expressed optimism on the rebound of the country’s economy and the gradual reopening of the Philippines under the ‘new normal.’

“We continued to build on our collective resilience to the pandemic and to address national needs. We also sought to improve our transparent reporting and areas of advocacy,” Daniels said.

This year marked the second time the group released its Integrated Report.