SM Earns Regional Honor for Advancing Transparent Sustainability

SM Investments Corporation (SM Investments), the holding company of the SM Group, has once again demonstrated its leadership in responsible and transparent business practices after earning the Silver Rank in the 2024 Asia Sustainability Reporting Rating (ASRRAT). This distinction marks the company’s fourth recognition from the regional award-giving body, reinforcing its commitment to sustainability reporting that meets global standards.

Organized by the National Center for Sustainability Reporting (NCSR), ASRRAT is Southeast Asia’s pioneering platform for evaluating the quality of corporate sustainability disclosures. As the first independent institution in Indonesia dedicated to strengthening sustainability reporting, NCSR created ASRRAT to celebrate organizations that prioritize clarity, accountability, and long-term value creation in their environmental, social, and governance (ESG) initiatives.

SM Investments President and CEO Frederic C. DyBuncio emphasized that the recognition reflects the company’s deep-rooted responsibility to the communities it serves. He noted that sustainability is not merely a corporate requirement but an integral part of SM’s mission to build climate-resilient operations, foster transparency, and create lasting value for stakeholders, partners, and the public.

A long-time advocate of global best practices, SM Investments is among the first Philippine companies to adopt the International Financial Reporting Standards (IFRS) S1 and S2 sustainability framework—strengthening its alignment with internationally recognized guidelines for climate-related and financial disclosures. This early adoption showcases the company’s dedication to enhancing the credibility and accessibility of sustainability information.

ASRRAT’s expansion in 2023 further underscored its role in raising regional standards. That year, the rating system recognized 68 Indonesian companies along with seven organizations from the Philippines, Bangladesh, Russia, and Australia—highlighting the growing importance of transparent reporting in shaping a sustainable future across different markets.

With its latest Silver Rank achievement, SM Investments reaffirms its position as a regional model for responsible business, signaling its unwavering commitment to build a more resilient, accountable, and sustainable future.