PASAY CITY, Philippines, 13 September 2024 — TIME Magazine and Statista have named SM Investments Corporation, SM Prime Holdings, and China Banking Corporation among the World’s Best Companies for 2024. This recognition highlights the group’s strong focus and outstanding performance in areas such as employee satisfaction, revenue growth, and sustainability..
Frederic DyBuncio, President and Chief Executive Officer of SM Investments, commented, “We are grateful to be part of the list of the world’s best companies as it reflects our group’s collective commitment to responsible and inclusive development. It also highlights our dedication to creating shared value for all stakeholders while ensuring the long-term sustainability of the enterprise.”
SM continues to contribute to socio-economic growth, having generated over 131,000 jobs and supported more than 100,000 micro, small, and medium enterprises (MSMEs) to date.
The company actively addresses its environmental impact. In 2023, Philippine Geothermal Production Company, a wholly owned subsidiary, produced 2,604.4 gigawatt-hours (GWh) of steam energy. SM has also planted 2.65 million trees and seedlings, safeguarded 24 hectares of mangroves, and installed 23.3 megawatts peak (MWp) of solar panels across its malls.
The “World’s Best Companies 2024” ranking stems from an in-depth analysis identifying the top global performers. The study assesses companies based on three key areas: Employee Satisfaction, Revenue Growth, and Sustainability.
Employee satisfaction was gauged through surveys conducted in over 50 countries, with input from approximately 170,000 respondents. Revenue growth was measured for companies with at least US $100 million in revenue in 2023, reflecting positive growth between 2021 and 2023. Sustainability was evaluated using Environmental, Social, and Governance (ESG) data from Statista’s ESG Database, along with targeted research.
About SM Investments Corporation
SM Investments Corporation is one of the Philippines’ leading companies, with investments in market-leading sectors such as retail, banking, and property. The company also explores high-growth opportunities within the emerging Philippine economy.
SM operates the largest and most diverse retail network in the country, which includes grocery stores, department stores, and specialty shops. Its property arm, SM Prime Holdings, Inc., is the Philippines’ largest integrated property developer, with ventures in malls, residential projects, offices, hotels, convention centers, and tourism-related developments. In the banking sector, SM holds interests in BDO Unibank, Inc., the nation’s largest bank, and China Banking Corporation, the fourth-largest private domestic bank.
For more details, visit www.sminvestments.com
For inquiries, contact: smic_corpcomm@sminvestments.com