SM Investments Corporation Recognized Among World's Best Firms

SM Investments Shines on World's Best Companies List

Recently, SM Investments Corporation, alongside its subsidiaries, including SM Prime Holdings and China Banking Corporation, earned prestigious recognition by TIME Magazine and Statista as one of the World's Best Companies for the year. This remarkable acknowledgment speaks volumes about the company's focus on employee satisfaction, revenue growth, and sustainability.

Commitment to Inclusivity and Development

Frederic DyBuncio, the President and CEO of SM Investments, expressed gratitude for the company's inclusion in this esteemed list. He mentioned that being recognized as one of the world's best companies exemplifies the dedication of the entire organization to responsible and inclusive growth. This honor not only showcases the group’s ongoing efforts to create value for all its stakeholders but also emphasizes its commitment to long-term sustainability.

Driving Socio-Economic Growth

SM Investments plays a crucial role in promoting socio-economic development by creating jobs and empowering local businesses. To date, the company has generated over 131,000 jobs and supported more than 100,000 micro, small, and medium enterprises (MSMEs), reflecting its pivotal role in the economy.

Proactive Environmental Management

In addition to driving economic growth, SM is dedicated to reducing its environmental impact. In recent years, their subsidiary, Philippine Geothermal Production Company, achieved an impressive steam output of 2,604.4 gigawatt-hours (GWh). Furthermore, SM Investments has taken significant steps toward sustainability by planting 2.65 million trees, protecting 24 hectares of mangroves, and installing 23.3 megawatts peak (MWp) of solar panels across its properties.

Understanding the World's Best Companies Ranking

The evaluation of the World's Best Companies for 2024 is based on an extensive analysis to determine the leading firms globally. The study examined businesses through three major dimensions: Employee Satisfaction, Revenue Growth, and Sustainability practices.

Employee satisfaction was gauged using surveys conducted in over 50 countries, gathering insights from around 170,000 participants. Companies with a revenue of at least $100 million in 2023 were considered for the revenue growth measurement, with a focus on positive financial progression from 2021 to 2023. Sustainability assessments relied on Environmental, Social, and Governance (ESG) data, which was sourced from Statista's ESG Database and targeted research efforts.

About SM Investments Corporation

SM Investments Corporation stands as one of the leading companies in the Philippines, actively investing in key sectors such as retail, banking, and property development. The corporation also pursues ventures that harness high growth opportunities within the burgeoning Philippine economy.

Diverse Business Operations

SM operates the largest and most varied retail network in the nation, which includes grocery stores, department outlets, and specialty shops. Its property arm, SM Prime Holdings, Inc., is recognized as the foremost integrated property developer, managing a vast portfolio that spans malls, residential complexes, office buildings, hotels, and convention centers, along with tourism-related developments. In banking, SM maintains interests in BDO Unibank, Inc., the largest bank in the country, and China Banking Corporation, the fourth largest private bank in the Philippines.

Frequently Asked Questions

What recognition did SM Investments Corporation recently receive?

SM Investments was recognized as one of the World's Best Companies for 2024 by TIME Magazine and Statista.

How many jobs has SM Investments created?

SM Investments has created over 131,000 jobs to date, contributing significantly to economic growth.

What initiatives does SM Investments undertake for sustainability?

SM Investments actively plants trees, installs solar panels, and protects mangrove ecosystems, demonstrating a commitment to environmental stewardship.

What factors were considered in the World's Best Companies ranking?

The ranking was based on Employee Satisfaction, Revenue Growth, and Sustainability practices, assessed through comprehensive surveys and data analysis.

What sectors does SM Investments operate in?

SM Investments operates in retail, banking, and property development, making it one of the most diversified companies in the Philippines.

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