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.

Energy

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

2,478,097
2,404,645

Company-controlled premises

Tenant-controlled premises

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

Scope 1

Scope 2

Scope 3

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


33,000

solar panels in SM Malls' rooftop, with


9.245 MW

capacity


7,400

CO2 mitigated, equivalent to planting


37,000

trees

Water

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

Water


35%

of SM Prime’s total water consumption was recycled in 2018 equivalent to


2,044

Olympic-size swimming pool

Waste Management

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

87%

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.

US$150mn

Green Bond issued supporting Renewable Energy and Energy Efficiency Projects

PHP 36.9bn

Total SEF projects funded to date

34

Renewable Energy and Energy Efficiency Projects funded by SEF

827,513

Tonnes of CO2e avoided per year

The BDO Sustainability Energy Finance Project Map