SM companies recognized as world’s best in September 2024

On September 14, 2024, TIME Magazine and Statista announced that three companies from the SM Group—SM Investments Corporation, SM Prime Holdings, and China Banking Corporation—were recognized as among the World's Best Companies for 2024. This recognition highlights their exceptional performance in key areas such as employee satisfaction, revenue growth, and sustainability. Frederic DyBuncio, the President and CEO of SM Investments, expressed gratitude for the accolade, emphasizing the group's commitment to responsible development and shared value creation for stakeholders. The evaluation process for the World's Best Companies involved a comprehensive analysis across three primary dimensions. Employee satisfaction was gauged through surveys conducted in over 50 countries, involving around 170,000 participants. Revenue growth was assessed for companies with revenues exceeding $100 million in 2023, reflecting positive growth trends from 2021 to 2023. Sustainability metrics were derived from Environmental, Social, and Governance (ESG) data sourced from Statista's ESG Database. SM Investments has made significant contributions to socio-economic growth, creating over 131,000 jobs and supporting more than 100,000 micro, small, and medium enterprises (MSMEs). The company has also taken proactive steps to manage its environmental impact, achieving notable milestones such as a steam output of 2,604.4 gigawatt-hours in 2023 through its subsidiary, Philippine Geothermal Production Company. Additionally, SM has engaged in extensive environmental initiatives, including planting 2.65 million trees, protecting 24 hectares of mangroves, and installing 23.3 megawatts peak of solar panels across its malls. This recognition not only underscores the companies' achievements but also reflects their ongoing commitment to sustainability and inclusive growth in the Philippine economy.