(21 December 2016. Pasay City, Philippines) For the eighth consecutive year, Hong Kong-based magazine The Asset conferred to SM Investments Corporation (SM) the Platinum Award, the highest for excellence in corporate governance, corporate social responsibility and investor relations.
Mr. Tim Daniels, SM Executive for Investor Relations received the award on behalf of the company in a ceremony held on December 15 in Hong Kong.
SM’s major listed subsidiaries, SM Prime Holdings, Inc. and BDO Unibank Inc. also received Platinum Awards for the seventh year running.
The Asset Corporate Awards: Excellence in Governance, CSR and Investor Relations Benchmarking offers a rigorous service for the region's listed companies. The criteria used to assess the companies include a range of metrics of financial performance, which are also a proxy for gauging management acumen. But since the purpose of the awards is to recognize the importance of sustainable growth, companies are also evaluated according to the quality of their corporate governance, social responsibility, and environmental responsibility and investor relations.
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About SM Investments Corporation
SM Investments Corporation (SM) is one of the leading conglomerates in the Philippines with highly synergistic businesses in retail, banking and property development. SM is one of the more responsible companies in the country due to its progressive approach in business and its comprehensive sustainability programs for its host communities through SM Foundation and SM Cares.
SM’s retail operations enjoy a strong brand franchise consisting of THE SM STORE; a strong portfolio of leading specialty retailers including Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom, Watsons and others; and its food retail chains, namely SM Supermarket, SM Hypermarket, Savemore and WalterMart stores. SM’s property arm, SM Prime Holdings, Inc., is one of the largest integrated property developers in the Philippines with interests in mall, residential, commercial and tourism development. SM’s interests in banking are in BDO Unibank, Inc. (BDO), the country’s leading bank and in China Banking Corporation (China Bank), the sixth largest private bank. Combined, these two banks have a network of over 1,400 branches nationwide.
For more about SM, visit www.sminvestments.com
For further information, please contact:
Ms. Corazon P. Guidote
Senior Vice President for Investor Relations
SM Investments Corporation
Tel. No. (632) 857-0117