February 8, 2025

SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia and leading conservation organization World Wild Fund for Nature (WWF) Philippines are collaborating to adopt a stronger reporting framework to address the crisis in the climate.

This is a major collaboration of WWF with a company in the Philippines towards the development of a specialized program for decarbonization.

The sustainability of SM Prime is the core of its corporate identity. SM Prime is at the fore in leading sustainable practices as well as creating records in pioneering programs to consciously protect the environment and strictly focus on the sustainability of its developments.

Under the partnership, SM Prime will adopt the Companies for a Better Planet Initiative (CBPI)WWF-Philippines’ flagship program that provides an actionable framework for organizations to act sustainably within the climate crisis paradigm.

“We are happy to work with WWF Philippines on this sustainable journey. Focusing on sustainability within the Philippine context ensures that our strategies and projects are highly material, efficient, and more responsive to address local concerns about resilience and adaptation. We must unite with the global community to achieve this and we must collaborate with the world’s experts to get it right,” said SM Prime President Jeffrey C. Lim.

Climate change is one of the most pressing and defining issues in the world today. The Philippines is currently ranked third in the world in terms of vulnerability to climate change. In relation to its geographical location, it is more exposed to the fluctuating forces of climate change manifested through adverse weather systems and natural disasters.

These risks are fraught with complexity and uncertainty and organizations often fail to properly assess their implications. The CBPI program takes a holistic approach to this important issue, addressing these risks from a custom-built, science-based perspective.

By partnering with WWF, SM Prime can promote and identify solutions to climate change that can be seen through responsible and transparent reporting.

The first phase of the CBPI includes measuring where SM Prime stands in its sustainability initiatives and setting a science-based target in line with the goal of the Paris Agreement to limit global warming to 1.5°C compared to pre-industrial levels. SM Prime published its first Integrated Report in 2021 under the Integrated Reporting Framework which provides an overview of our value creation model — how we seek to create value for our stakeholders by contributing to national development through investments. and interventions that are critical to the country’s socio-economic growth. .

As a champion of climate action in the Philippines, our partnership with WWF adds another boost to transparent reporting by ensuring that greenhouse gas (GHG) calculations are accurate and using appropriate methods.

With the need to expand efforts to protect the environment, this partnership forms part of the whole group’s efforts under the SM Green Movement that aims to improve the quality of life in communities through sustainable development solutions a green planet, green living and a green culture. .

SM Prime’s partnership with WWF began in 2007 under Hamilo Coast, its entertainment development in Nasugbu, Batangas.

WWF closely monitors the health and vitality of the Hamilo Coast area including three of its coves designated as Marine Protected Areas (MPAs)—Pico de Loro, Etayo and Santelmo.

In recognition of its conservation efforts, Hamilo Coast was cited by WWF-Philippines as its longest-serving Sustainability Partner in 2020.

Image credits: AP / Emilio Morenatti

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