/ 1 March 2022

SM Prime Holdings, Inc. and the Department of Science and Technology launched a series of exhibits in select SM malls focusing on the sustainability and disaster resilience initiatives of the two organizations, especially those related to addressing climate change.

The joint initiative was launched at SM Mall of Asia last February 24.

Climate change is the biggest environmental problem the world is facing today, with drastic increases in global temperatures recorded in recent years.

According to the 2020 Annual Climate Report by the United States’ National Oceanic and Atmospheric Administration, the combined land and ocean temperature has increased at an average rate of 0.8°C per decade since 1880. The average rate of increase, however, has been more than twice that rate since 1981, at 0.18°C.

Being a responsible and trusted member of the community, SM Prime knows the importance of sustainability and disaster resilience in mitigating the impact of climate change and other environmental problems on our planet. As a trusted integrated property developer and one of the biggest in Southeast Asia, SM Prime is committed to promoting these two advocacies in all its properties, and the exhibit is the latest to be implemented as part of this commitment.

Joining SM Prime are its numerous business units, each with its own sustainability and disaster resilience initiatives. These include SM Supermalls, SMDC Residences, the Commercial Property Group, engaged in the development and leasing of office spaces; Leisure Resorts (Tagaytay Highlands and Pico de Loro) and the Hotels and Convention Centers business unit, which develops and manages hotels and convention centers across the country.

Sustainability and disaster resilience are at the core of SM Prime’s business. In line with this, the company continuously allocates 10 percent of its capital expenses in features in its properties supporting these two advocacies, from rain catchment facilities to renewable energy sources and everything in between.

The company also employs a multi-stakeholder approach to sustainability and disaster resilience, working together with partners in the public and private sectors, including the DOST.

“The DOST recognizes innovation as the building block in the country’s development. Our vision is to vigorously advance science and technology in achieving resilience. It is our commitment to develop and provide science and technology and innovation services that will influence our leaders to employ scientific and evidence-based decision-making, that will boost how our businesses operate and prevent further losses in our economy, that will improve the way Filipino communities adapt to risks, and lastly, innovations that will make our country a model of resilience and sustainability,” DOST Undersecretary and PHIVOLCS OIC Dr. Renato Solidum said.
“In all of this, science and technology plays a crucial role in shaping our aspirations. And more importantly, science works best with partners and collaborators. SM has been leading the resilience and sustainability initiatives which inspire our businesses in the private sector to incorporate this as a core business value cycle via their corporate social responsibility,” Solidum added.

SM Supermalls President Steven Tan said that the DOST and SM Prime have a long-standing partnership in promoting sustainability and disaster resilience.

“Working together with visionaries like Undersecretary Dr. Renato Solidum, we have made great strides in facilitating discussions and creating long-term solutions in line with these two advocacies, and we hope to continue building on these achievements toward a more sustainable and disaster-resilient Philippines,” he said.

Tan cited the leadership of Hans Sy which inspired the company to “always look at ways on how we can make it better for the people and for the planet.”