The efficient management of our resources is essential to ensuring the long term sustainability of our operations. Across our businesses, we focus our environmental efforts in two areas:
Disaster Risk Reduction and Resilience
We work towards business continuity by integrating disaster-resilient features in our infrastructure designs and property developments. We implement a business continuity management system throughout our mall operations and support disaster warning systems such as automated weather stations.
Climate Change Adaptation
We ensure environmental responsibility in our business processes by adopting climate-friendly solutions and instruments to help monitor and mitigate our carbon footprint. We also finance projects that promote climate change adaptation such as renewable energy projects, national infrastructure projects and other clean technology projects.
Electricity consumption remains the largest source of our energy utilization with SM Prime being the biggest consumer in the SM group. Fuel consumption from generator sets is second and LPG consumption by mall tenants is third.
Total Electric Consumptionin MWh
Total Fuel Consumptionin liters
Greenhouse Gas (GHG) Emissions
The majority of our GHG emissions come from carbon dioxide (CO2) produced by our electricity and fuel consumption using fossil fuel as the primary source.
Total GHG Emissions1in tonnes CO2e
Scope 1 -
Emissions arising from the use of diesel, gasoline, liquefied petroleum and compressed natural gas in facilities fully owned and controlled by the company such as generator sets and company-owned vehicles
Scope 2 -
Emissions arising from the generation of purchased electricity
Scope 3 -
Emissions arising from sources that are neither owned nor controlled by the company such as third party transportation and use of sold products and services
1Calculated following the operational approach of the Greenhouse Gas Protocol. Moreover, Scope 2 emissions were computed using the 2015-2017 National Grid Emission Factors provided by the Department of Energy.
Energy Efficiency Projects
solar panels in SM Malls' rooftop, with
CO2 mitigated, equivalent to planting
We source 100% of our water utilization from established utility providers. To minimize withdrawal from water sources, we treat and recycle our water for non-potable water use in our mall operations such as for cooling towers, toilet flushing and grounds keeping.
Total Water Consumption in cubic meters
Total Water Recycled in cubic meters
of SM Prime’s total water consumption was recycled in 2018 equivalent to
Olympic-size swimming pool
Among SM companies, SM Supermalls and SM Retail take the lead in monitoring waste generation, proper disposal and recycling materials for operations. Moreover, they engage their tenants, vendors and customers in recycling activities.
Total Waste Generated in cubic meters
of total waste
generated is recycled
BDO Sustainable Energy Finance
In the context of sustainable development and efforts to address environmental concerns, BDO serves as one of the pioneers in instituting Sustainable Energy Finance (SEF), in partnership with the International Finance Corporation, as an effective approach to harnessing renewable sources of energy.
Green Bond issued supporting Renewable Energy and Energy Efficiency Projects
Total SEF projects funded to date
Renewable Energy and Energy Efficiency Projects funded by SEF
Tonnes of CO2e avoided per year
The BDO Sustainability Energy Finance Project Map