SM Prime widens the landscape in renewable energy

by Info @Brand Zone | July 31, 2024

As part of its net-zero commitment by 2040, one of Asia’s leading real estate and property developers, SM Prime Holdings, Inc. (SM Prime), partnered with global integrated energy company TotalEnergies for the installation of a 2 Megawatt-peak (MWp) Solar Photovoltaic (PV) System Rooftop project in Pasay City.

The partnership venture aligns with SM Prime’s efforts in expanding its renewable energy portfolio and affirms TotalEnergies’ commitment to advancing renewable energy solutions in various urban settings. 

Designed with a power yield of 3,000 Megawatt-hour (MWh) of electricity annually, the solar partnership project has over 3,672 PV panels installed and is expected to provide huge cost savings for SM Prime. Located at the MOA Square in the Mall of Asia Complex, the solar installations are expected to reduce the building’s carbon footprint by about 1,430 tons of carbon dioxide (CO2) emissions annually.

More than 3,600 solar panels were installed on the roof of MOA Square in the Mall of Asia Complex. 

"SM Prime is proud to work alongside TotalEnergies on this project. This partnership is our commitment to sustainability and achieving Net Zero by 2040. We are also taking a proactive stance in supporting the Department of Energy’s (DOE) target of reaching 35% renewable energy by 2030. Together, we’re driving meaningful change towards a more environmentally conscious future," said John Nai Peng Ong, SM Prime Chief Finance Officer.  

“We are thrilled to announce the successful deployment of solar rooftop installations at the Mall of Asia in the Philippines, marking a significant achievement in both environmental and economic sustainability for SM Prime,” said Elodie Renaud, Managing Director of TotalEnergies Renewables Distributed Generation Asia. 

For the past few years, SM Prime continues to grow its partnerships with key clean energy players, leveraging its relationships and earned experiences to drive its environmental stewardship campaign. Capitalizing on these partnerships has provided for SM Prime huge economic, environmental, and social dividends.

In 2022, SM Prime secured a long-term deal with AboitizPower for its clean energy supply. Under the agreement, AboitizPower will provide reliable and responsibly-sourced energy from Tiwi-MakBan Geothermal Power Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI). 

The following year, SM Prime signed a memorandum of agreement with Citicore Renewable Energy Company (CREC), wherein SM Prime will source 90 megawatts (MWac) from CREC’s upcoming Lumbangan Solar Power Plant in Tuy, Batangas. 

Apart from contributing to the DOE’s 35% renewable energy goal by 2030, all these partnerships are aligned with the energy department and Energy Regulatory Commission’s (ERC) policy of expanding the adoption of Retail Competition and Open Access (RCOA) in the energy industry.

To date, SM Prime currently sources at least 50% of its electricity utilization from clean, renewable energy. 

SM Prime supports the Philippine government’s aim to increase the country's renewable energy supply component to 50% by the year 2040. It remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. SM Prime is pursuing the next horizon on integrated property development and onward to building sustainable cities of the future.

SM Prime at 30: A legacy of innovation and shared prosperity

by Info @Brand Zone | July 26, 2024

See what this year’s batch of talented and extraordinary young performers can do, as the On July 23, SM Prime Holdings, Inc. proudly commemorated its 30th anniversary as a publicly listed company at the Philippine Stock Exchange, BGC, marking three decades of service and transformative growth in the Philippine real estate industry. Founded in 1994 by the visionary Henry Sy, SM Prime has remained steadfast in its mission to develop world-class shopping, dining, entertainment, residential, and amusement destinations throughout the country and beyond.

Reflecting on the Journey

From the initial offering of four malls, SM Prime has expanded into a dominant force in Southeast Asia’s property sector. The company now has a multi-sector Philippine portfolio of 22 lifestyle cities that include 91 residential developments, 86 malls, 22 office towers, 10 hotels and 8 convention centers. This robust growth trajectory has been fueled by the trust and support of its investors and the flourishing capital market provided by the Philippine Stock Exchange. Incorporated in January 1994, SM Prime has remained committed to shared prosperity. Raising approximately PHP 5.89 billion (US$221 million) during its IPO, SM Prime is now one of the most active stocks in the Philippine market, alongside its parent company SM Investments Corp., and subsidiaries BDO and Chinabank.

Over the years, SM Prime has faced and overcome significant challenges, including the 1997 Asian financial crisis, the 2008 global financial crisis, and the recent COVID-19 pandemic. Despite these hurdles, the company has remained resilient, continuing to drive system growth.

Celebrating Successes, Together

On its 30th anniversary year, SM Prime is opening three malls: SM City Caloocan, SM City J Mall in Cebu and SM City Laoag in Ilocos Norte. This year also marks the start of the redevelopment and expansion of SM Megamall and ongoing projects at SM Mall of Asia, SM City Cebu, SM City Iloilo, and SM City Bacolod. Additionally, SM Prime will enhance its Leisure Homes in Tagaytay and Batangas, establish new hotels with around 1,700 rooms, and continue developing mixed-use commercial buildings that combine office and retail spaces. 

As a leading property developer in major Philippine cities, SM Prime continues to help Filipino communities thrive. With MSMEs making up 63% of its commercial tenants, SM Prime developments offer significant job and business opportunities through various support programs and job fairs, fostering economic growth for local enterprises and the LGUs.

This commitment to sustainable growth is a testament to the collective efforts of SM Prime’s shareholders, customers, business partners, and employees. The steadfast support of shareholders has been a driving force behind SM Prime’s achievements, while the loyalty and trust of customers have inspired ongoing innovations. The collaborative spirit of business partners has been instrumental in reaching new heights, and the dedication of SM Prime’s employees has been foundational to its continued success. 

Looking Forward to a Sustainable Future 

SM Prime is dedicated to continuously integrating sustainable practices across its operations, from energy-efficient building designs to comprehensive waste management programs. SM Prime’s commitment to sustainability ensures that it maintains its positive impact on the environment and society, paving the way for a greener and more resilient future. 

As SM Prime celebrates this significant milestone, it extends heartfelt gratitude to all forces who have been part of its journey. Looking ahead, the company is poised to further its growth and innovation, continuing its legacy of delivering exceptional value, enriching communities, and contributing to socio-economic development as it aims for a more sustainable and prosperous Philippines.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. For more information, visit www.smprime.com.

SM’s Little Stars spotlights talented young performers

by Info @Brand Zone | July 23, 2024

See what this year’s batch of talented and extraordinary young performers can do, as the SM Little Stars 2024 competition moves on to the Regional Finals!

Kids between the ages of 4 to 7 years old auditioned in SM Little Stars’ preliminary screenings held over 6 weekends from June 8 to July 14, 2024. 71 SM malls across the country participated in hosting the audition process, and kids from all over the Philippines displayed a variety of talents and skills, hoping to qualify for the title of SM’s newest Little Star.

More than just a talent competition, SM Little Stars has become a beloved 15-year tradition, encouraging aspiring young talents by providing a platform for them to showcase their skills and pursue their dreams.

Now that the preliminary screenings have come to a close, the competition gets even fiercer as we enter the Regional Finals! Regionals will be held at SM City North Edsa, SM City Marikina,

SM City San Lazaro, SM Southmall, SM City Rosales, SM City Cabanatuan, SM City Clark, SM City Marilao, SM City Dasmarinas, SM City Santa Rosa, SM City Sto. Tomas, SM City Sorsogon, SM Seaside City Cebu, and SM City Davao.

Only 28 talented Little Stars will be selected from this pool of contestants to continue on to the final round. Get ready to witness the birth of a brand-new Little Star at the Grand Finals, which is set to be held on September 7 at the SM Mall of Asia!

Incredible prizes in store for the grand winners, from cash prizes and gift certificates to a brand-new Suzuki Dzire GL MT, a 100% discount on tuition and miscellaneous fees at National University (NU), a talent management contract from Sparkle GMA Artist Center, and so much more!

This year’s SM Little Stars is bound to be the most exciting year yet! For more information and to stay updated, visit www.smsupermalls.com or follow SM Supermalls on Facebook. Watch out for the Grand Finals and witness outstanding young Filipino talent with SM Little Stars!