Showing posts with label SM Prime. Show all posts
Showing posts with label SM Prime. Show all posts

Sunday, November 5, 2023

SM Prime & WWF-Philippines Unite for Future Sustainability Champs

10:16:00 AM


In a joint effort to prepare young student leaders for the vital task of safeguarding the environment in the future, SM Prime Holdings, Inc. (SM Prime) and World Wide Fund for Nature Philippines (WWF-Philippines) have unveiled the "YOUth are the Future" leadership program. This initiative focuses on educating and empowering the youth about environmental conservation, climate change, and sustainability concerns.

 

“There is no better time than now to educate the youth. As stewards of the planet, it is important that they have an opportunity to learn about environmental conservation, encourage them tovoice out their fresh ideas, and share new perspectives,” said WWF-Philippines Education for Sustainable Development Project Head Dino Calderon.


 

“When we provide our young student leaders with learning opportunities and expose them to practical solutions, we have a chance to help them design a sustainable future. We are committed to make sure that things change for the better,” says Hans “Chico” Sy, President of SM Engineering Design and Development Corporation (SMEDD) and SM sustainability champion.

 


Starting with a grand event on October 10, 2023, student ambassadors from different high schools in Metro Manila embarked on a guided tour of the SM Mall of Asia Complex. The tour highlighted SM Prime's sustainability initiatives and disaster preparedness practices. The official introduction of the "YOUth are the Future" Ambassadors took place at the SMX Convention Center, accompanied by a pinning ceremony. This significant gathering saw the participation of leaders and delegates from SM Prime, WWF-Philippines, government bodies, and foreign dignitaries.

 


In a message she delivered during the event, Department of Environment and Natural Resources (DENR) Secretary Maria Antonia Yulo-Loyzaga said, “Our journey is really about the race to resilience, as our climate changes, society is changing. Sustainability is our pathway to survival as a planet and that is what resilience is really about, the ability to withstand the impacts of the hazards that we know and those that we could face in the future.”

The youth ambassadors will participate in a three-day eco-camp at the Pico De Loro Beach and Country Club in November, where they will learn about waste and energy management, resource optimization, and climate mitigation and adaptation strategies from some of the country’s experts.

 


Renowned for its role in Olive Ridley Sea Turtle conservation, the 3-day eco camp in Hamilo Coast also serves as an immersive natural classroom in environmental conservation. The expected output from the eco-camp is a Green Manifesto that outlines their plans to effect change and a storybook module co-authored by all the participants. The program will culminate through a series of mall and school tours throughout Metro Manila to boost youth engagement and student ambassador recruitment.

In a message sent by her excellency Vice President and Department of Education Secretary Sara Z. Duterte, she said, “This visionary program embodies the transformative power of education and empowerment in shaping a more sustainable and resilient future. Taking advantage of this program will give you all a head start on becoming influential figures in creating a more sustainable and ecologically aware culture”.

 


Together with its partners, WWF-Philippines hopes to empower young Filipinos further to become the next generation of sustainability champions. Programs like YOUth are the Future, can help future generations become proactive leaders who can #ChangeTheEnding for the planet.

Saturday, September 30, 2023

SM Prime explores partnership with Japanese company for waste-to-fuel solutions

5:57:00 PM



Southeast Asia's prominent real estate developer, SM Prime Holdings, Inc. (SM Prime), has recently entered into a memorandum of understanding with GUUN Co. Ltd. of Japan. Their aim is to investigate the possibility of collaborating on waste management initiatives. This partnership seeks to transform waste paper and plastics into an alternative energy source known as 'fluff fuel.'

Fluff Fuels are one type of RDF (Refuse Derived Fuel) which are produced from shredded and compressed plastics, papers, and fibers. These are used as fuels in cement manufacturing, paper mill companies, or power companies in Japan.

SM Prime Chairman of the Executive Committee Hans T. Sy is positive that a partnership with GUUN will contribute to the waste reduction goals of the country. “Today, Japan’s waste management and recycling technology is among the most advanced in the world,” he said. “There is no better partner for SM because we do not just talk about being big, we make sure we do it; we do not talk about being environment friendly but we do take bold steps to save the environment. I am looking forward to growing with GUUN as among leaders in solving environmental issues in the Philippines.”

GUUN Co., Ltd., founded in March 2001 and headquartered in Yokohama City, Japan, piloted the production of fluff fuel from plastic waste in Inayawan, Cebu in 2014 and recently inaugurated its P200- million, 2,400-square meter waste recycling plant in Tayud, Consolacion, Cebu.

(Left to right): SM Supermalls Vice President Liza Silerio, SM Prime Chairman of the Executive Committee Hans T. Sy, GUUN Chief Executive Officer Shinji Fujieda, GUUN Philippine Branch Senior Managing Director and General Manager Takeshi Konishi
 

Since then, Japan’s Ministry of the Environment has adopted GUUN’s waste-to-fuel technology as a model for advanced low-carbon technology innovation for further deployment in developing countries. “This will be a milestone partnership for us,” GUNN Chief Executive Officer Shinji Fujieda said after the signing ceremony. "I understand very much how important waste management is for SM and for the Philippines and we look forward to more projects we can do with the properties of SM Prime.”

SM Prime’s initiatives for waste management include waste reduction and effective waste collection and segregation. Over the years, it has implemented programs such as Trash to Cash, Plastic Waste Collection, and E-Waste Collection that have contributed to reducing the total solid waste generation across its real estate portfolio.

Through its pioneering Trash to Cash recycling market, SM Prime has collected and recycled 1.4M kg of plastics, paper, metals, and others in 2022. “We have saved 16,766 trees from the 986,222 kg of paper recycled,” SM Prime disclosed in its 2022 Integrated Report to shareholders.

Meanwhile, SM’s Plastic Waste Collection program, a partnership with the Plastic Credit Exchange that was launched in February 2021, has accumulated 42,541kg of plastic waste from 14 mall sites. Also present in all its 83 SM Supermalls is the E-Waste Collection program for the responsible disposal of WEEE (Waste from Electrical and Electronic Equipment). This drive has helped process close to 7,000 kilograms of e-waste. (ENDS)

Friday, August 25, 2023

SCPW, UAPSA join hands with SM Prime in promoting wetland conservation

11:56:00 PM


 On the occasion of the 2023 International Day for Biological Diversity, SM Prime Holdings Inc. (SM Prime) participated in conjunction with the Society for the Conservation of Philippine Wetlands, Inc. (SCPW), in presenting the fourth SCPW Wetland Center Design Symposium. The event took place on May 29th, within the premises of the MAAX Building situated in the Mall of Asia Complex.

SCPW president Arch. Celestino Ulep leads a discussion on nature-based architecture during the fourth SCPW Wetland Center Design Symposium. Photo from SCPW
 

Bannering the theme "Build Back Biodiversity: Wetland Centers and Nature-Based Architecture," the hybrid symposium featured presentations centered on fostering knowledge and awareness about wetland conservation and innovative design approaches.
 


SCPW president Ar. Celestino Ulep leads the opening of the Wetland Center Design Symposium

SCPW president Ar. Celestino Ulep opened the symposium by sharing his optimism on how collaboration and embracing nature-based architecture can pave the way towards creating a future where wetlands thrive and biodiversity flourishes.

Notable experts in the field also graced the event, sharing their insights and experiences including Chris Rostron, the global manager of Wetland Link International, and Alex Hughes of Wildfowl & Wetlands Trust in London, UK. The guest speakers kicked off the discussion by sharing about the pivotal role of Wetland Centers as a tool for Communication, Capacity Building, Education, Participation, and Awareness (CEPA) in wetland conservation efforts.

Arch. Ulep, meanwhile, engaged the audience by introducing the concept of nature-based architecture, highlighting the importance of prioritizing sustainability and harmony in design by creating structures that seamlessly integrate with the natural environment.

Meanwhile, Arch. Aaron Lecciones, SCPW Special Projects Officer, made a detailed visual presentation on the Las Piñas-Parañaque Wetland Park (LPPWP) Design Team's experience. He highlighted the challenges and triumphs of designing a wetland park, serving as a source of inspiration for aspiring designers and architects.

Esteemed partners, including Ms. Rida Reyes Castillo of SM Prime, Dr. Arvin Diesmos of the ASEAN Centre for Biodiversity, Mr. Laudemir Salac of DENR-Region 3, and Arch. Gleo Raymundo of UAPSA graced the event to show their full support for this endeavor.

"It is an honor and privilege on the part of SM to partner with the SCPW and UAPSA in realizing its common goal of protecting ecosystems, particularly wetlands, by inspiring the youth to engage and take action on the socio-civic and economic issues in their communities by finding workable solutions towards building a sustainable future," SM Prime AVP and Head of Marketing, PR, and Communications Rida Reyes Castillo said.
 


SM Prime AVP and Head of Marketing, PR, and Communications Rida Reyes Castillo

Castillo further emphasized that environmental protection and nature conservation are integral pillars of SM Prime's sustainability campaign and that they believe in the power of cultivating the younger generation’s devotion to building a sustainable future.

The symposium concluded with a comprehensive discussion on the rules and guidelines of the design competition, followed by an open forum and exchange of ideas among participants. The symposium also marked the beginning of the highly anticipated 4th SCPW Wetland Center Design Competition, which aims to create a platform for talented students in the field of construction and design to showcase their skills and ingenuity and encourages them to address environmental challenges through sustainable solutions.


Monday, July 31, 2023

SM Prime taps Citicore Renewables for the supply of Clean Energy

3:23:00 PM

 


SM Prime Holdings, Inc. (SM Prime) and Citicore Renewable Energy Company (CREC) signed a Memorandum of Agreement on 11 July 2023 as a joint commitment to champion renewable energy.

Through this partnership, SM Prime will source its energy requirements of up to 90-Megawatts (MWac) from CREC’s upcoming Lumbangan Solar Power Plant in Tuy, Batangas. The long-term agreement will commence in the first half of 2024. This is in line with the Retail Competition and Open Access (RCOA) policies of the Department of Energy.

This development further strengthens both CREC and SM Prime's commitment to the Department of Energy's program of moving up the renewable energy supply component of the Philippines to 35% by the year 2030.

“This partnership marks our strong commitment to providing sustainable operations in our developments nationwide. It is aligned with SM Prime's target of achieving net zero by the year 2040. SM Prime ensures that its risk-informed investments catalyze sustainable development and positive change in the communities where it operates,” said Mr. John Ong, SM Prime Chief Finance Officer.

The agreement with SM Prime adds to CREC’s long list of blue-chip company partners, attesting to the company’s solid performance and service excellence.

“We are happy to partner with SM Prime in providing clean and safe renewable energy for their power requirements,” said Mr. Oliver Tan, CREC President. “We believe that their support and trust in us through this partnership reflects our commitment as a renewable energy provider, and we are glad that SM Prime shares in our vision of a sustainable future,” Mr. Tan added. 

Friday, June 2, 2023

SM Prime’s second annual integrated report receives multiple recognition from international organizations

5:50:00 PM


SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, has been recognized by three international award-giving bodies for excellence in transparent Environmental, social, and governance (ESG) reporting for its 2021 Annual Integrated Report entitled "Together, We Rise".

SM published its sustainability reports since 2013 even before the Securities and Exchange Commission (SEC) mandated sustainability reporting in the Philippines. SM Prime further promotes transparency and accountability by informing investors and stakeholders of its ESG performance and impacts, decision-making processes, and competitive positioning value in the sector.

“We are honored to receive these awards as a recognition of our commitment to provide transparent reporting in our sustainable practices. We value all our stakeholders, and we strive to enrich the quality of life of the Filipino people,” SM Prime President Mr. Jeffrey Lim said.

At the summit of international recognitions, SM Prime bagged accolades from the biggest and most coveted awards competition in the business world called Stevie® Awards. The Asia-Pacific Stevie Awards recognizes business innovation across the entire Asia-Pacific region, whereas IBAs is one of the first and most highly anticipated awards programs of the Stevie Awards that features a wide variety of categories relevant to every facet of the workplace that is open to all kinds and sizes of organizations globally. SM Prime was awarded the Bronze Stevie® Winner at the 2023 Asia-Pacific Stevie Awards program and Silver Stevie® Winner in the 2022 International Business Awards (IBAs).

Also, in the regional scene, the company won a Silver Rank in the Asia Sustainability Reporting Rating (ASRRAT) 2022, a sustainability report ranking by the National Center for Sustainability Reporting (NCSR). ASRRAT’s rating system employs criteria based on GRI Standards compliance, GHG disclosures transparency, and alignment with and support of the UN SDGs, among other factors.

The international recognitions are a testament to SM Prime’s active role in championing sustainability across its operations as it continues to be a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people.   

Sunday, October 30, 2022

SM Prime builds better, greener offices

11:25:00 PM


Many people have become more aware of the importance of sustainability in everyday living during the two years that the world faced the impacts of the COVID-19 pandemic. Environmental awareness has caught on through practices such as shifting to paperless, reducing plastic use and planting more trees. For property developers, taking part in this movement means transitioning into green buildings and developments.

Such is the case for SM Prime Holdings, Inc. (SM Prime), a publicly listed subsidiary of SM Investments Corporation (SMIC) that is committed to building innovative and sustainable lifestyle cities. SM Prime is future-proofing its developments to be more responsive and adaptive to community needs and the effects of climate change in line with comprehensive sustainability goals ranging from energy to ecology.
Over the years, SM Prime has continued to elevate its approach to building and development of community spaces.  All these green initiatives have been recognized by reputable and well-known organizations such as the U.S. Green Building Council (USGBC) which awarded Conrad Hotel Manila and SM Aura Premier the Gold certification for Leadership in Energy and Environmental Design (LEED) in 2016 and 2017, respectively. 
“When we build, we build with the community in mind. This is why it is important to integrate sustainability in our developments and operations. We remain committed as an environmentally-conscious and responsible integrated property developer ready to serve the ever-changing needs and aspirations of our communities and stakeholders,” said SM Prime President Jeffrey Lim.

Building green office spaces

SM’s Commercial Property Group is renowned for balancing green design features with operational and practical considerations, enabling more companies and locators to enjoy environmentally sound commercial developments.

The CPG’s flagship properties are its five E-com Centers – all future-forward buildings catering mainly to technological, business process outsourcing, and Fortune 500 companies. All five E-com Centers are located in the MOA Complex. Each building has a proportionate amount of green open spaces and communal areas where workers can socialize and decompress from work.

CPG further promotes sustainable practices with its LEED gold-certified office buildings, solidifying its foothold and commitment to building green offices and commercial developments.  These certifications are a testament to SM Prime’s dedication to reducing its contribution to global climate change—all while enhancing the quality of life within its communities.

The ThreeE-com Center boasts architectural wonders and green features that eventually earned its LEED Gold certification. These include water recycling for landscape and non-potable use. The building is fitted with glass windows that minimizes heat from entering the building, allowing tenants to use less air conditioning. This 15-storey, semi-circular twin-tower office building features function and aesthetic complemented with state-of-the-art facilities.  While it was the first office building in the Mall of Asia Complex to receive such an honor, the new FourE-com Center also recently achieved the same certification—designed with its tenants’ needs in mind, improving work-life balance and office culture accordingly.

Both designed by globally renowned firm, Arquitectonica, the Three and Four E-coms are unique amongst business centers. “We designed the E-coms to functionally meet the BPO industry’s need for large, continuous floorplates, but also sculpted them in interesting ways so as to allow views and airflows between the buildings, while also, of course, giving them interesting architectural identities. At the same time, their landscaped podium decks create attractive communal green spaces for the tenants; they are envisaged to be interconnected via landscaped skybridges in the future. The combination of all these factors, architectural design and green spaces, have made the E-coms highly attractive to multinational companies and brands,” said David Zaballero, Arquitectonica Director.

SM Mega Tower

Meanwhile, SM Prime’s tallest skyscraper located along EDSA will also join the company’s growing roster of LEED-certified green buildings. Called Mega Tower, the 50-story office building is future-ready as it provides spaces that respect both its tenants and nature itself. 

Strategically located in the busy Ortigas Centre, the 50-storey LEED registered skyscraper is flexibly designed to meet the requirements of both corporate and BPO tenants. Though its design is highly sculptural, each floorplate remains efficiently planned – combining functionality and iconic identity.

“Incorporating sustainability in property development means having the whole life cycle of a building in mind. We invest a tenth of our capital expenditure to ensure that sustainability is integrated into our properties as we carefully plan our developments for our communities, the environment, and future generations ,” SM Prime’s Mr. Lim said.

In close collaboration with the SM Group’s other business units, the CPG’s multi-segment or mixed-use approach maximizes the socio-economic potential of its buildings and developments. As a result, SM’s commercial developments are connected to our malls, residences, and parks and civic spaces. Notably, they are all easily accessible to transport hubs to ensure mobility for pedestrians and the commuting public. This interconnectivity, alongside each property’s green and safety features, reduces the company’s carbon footprint, attracts more tenants and locators, and encourages greater productivity among its workforce.

Wednesday, September 28, 2022

UNDRR, SM Prime laud women leaders in disaster resilience

11:43:00 PM

 


SM Prime Holdings (SMPHI) recently announced its support for the global search for women leaders in disaster resilience.

For the second consecutive year, SMPHI is sponsoring Women’s International Network on Disaster Risk Reduction (WIN DRR) Leadership Awards, a flagship program of the United Nations Office for Disaster Risk Reduction (UNDRR).

SMPHI Vice President for Corporate Compliance Liza B. Silerio said that the support is aligned with the company’s drive to recognize women’s leadership in disaster risk reduction. “This is important in inspiring other women to fully and effectively participate in promoting gender equality and empowerment while building our collective resilience.”

UN Special Representative of the Secretary-General for Disaster Risk Reduction Mami Mizutori expressed gratitude for the support, stating, “The awards highlight the key role of women as leaders and agents of change in building resilience and actively participating in the creation and implementation of DRR strategies, policies, plans and programs in their regions. Their stories reflect the diversity of solutions required to meet the converging challenges of accelerating climate change and disasters in the region.”

“We look forward to continued collaboration with SM in our DRR agenda,” Secretary General Mizutori added. 

The WIN DRR Excellence Awards 2022 sponsored by SM Prime has 15 finalists shortlisted from 420 nominations received from across 24 countries in the Asia-Pacific. The winner will be announced at the Asia Pacific Ministerial Conference on Disaster Risk Reduction in Brisbane on 21 September 2022. US$10,000 will be awarded to an individual woman who has achieved exceptional professional success in DRR. 

The WIN DRR partnership is consistent with SM Prime Holdings’ social commitment towards women empowerment, resilience, good health and well-being of women. The company’s corporate social responsibility arm, SM Cares, supports programs that advance these causes.

The Women's International Network on Disaster Risk Reduction (WIN DRR) is a professional network to support women working in disaster risk reduction, in all their diversity. Its overall goal is to empower women to attain leadership and enhance their role in decision-making in disaster risk reduction in Asia-Pacific. The WIN DRR Philippine Network is powered by SM Prime and Asia Pacific College.

Earlier this year, SM Prime through its SM CARES, partnered with UNDRR in celebrating women empowerment through a webinar on the role of women in disaster resilience. In her keynote message, Mizutori emphasized “women’s equal participation and leadership in public life including disaster risk reduction is important and it is also essential to reducing disaster risk in achieving the United Nations sustainable development goals.”

Friday, September 9, 2022

SM Prime and WWF Philippines announce partnership towards responsible reporting on climate change solutions

6:11:00 PM

 

SM Prime Holdings, Inc., one of Southeast Asia’s leading integrated property developers and leading conservation organization World Wild Fund for Nature (WWF) Philippines have entered a collaboration in adopting a more robust reporting framework to address the climate crisis.   

This is a major partnership of WWF with a Philippine company towards the development of a bespoke program towards decarbonization.  

Sustainability at SM Prime is at the core of its corporate identity. SM Prime is at the forefront of spearheading sustainable practices as well as setting records in pioneering programs to consciously protect the environment and strongly focus on resilience in its developments.  

Under the partnership, SM Prime will adopt the Corporates for a Better Planet Initiative (CBPI), WWF-Philippines’ flagship program that provides an actionable framework for organizations to operate sustainably within the paradigm of the climate crisis.   

“We are delighted to work with WWF Philippines on this sustainable journey. Focusing sustainability within the context of the Philippines ensures that our strategies and projects are highly material, efficient and more responsive in addressing local concerns surrounding resilience and adaptation. We need to be one with the worldwide community to achieve this and we need to work with global experts to get this right,” SM Prime President Jeffrey C. Lim said.  

Climate change is one of the most pressing and defining global issues today. The Philippines currently ranks third globally when it comes to climate change vulnerability. In relation to its geographical location, it is more exposed to altering intensities of climate change manifested through erratic weather systems and natural calamities. These risks are rife with complexity and uncertainty and organizations typically fail to properly assess their implications. The CBPI program takes a holistic approach towards this pivotal issue, addressing these risks from a custom-built, science-based perspective.   

By partnering with the WWF, SM Prime will be able to enhance and determine climate change solutions that will be reflected through responsible and transparent reporting.   

The first phase of CBPI involves gauging where SM Prime stands in its sustainability initiatives and setting a science-based target in line with the Paris Agreement’s goal of limiting global warming to 1.5°C compared to pre-industrial levels. SM Prime published its first Integrated Report in 2021 under the Integrated Reporting Framework which provides an overview of our value creation model — how we seek to create value for our stakeholders by contributing to national progress through investments and interventions critical to the country’s socio-economic growth.  

As a champion of climate action in the Philippines, our partnership with WWF adds another enhancement to transparent reporting by ensuring greenhouse gas (GHG) computations are accurate and use appropriate methodologies.  

With the need to broaden efforts to protect the environment, this partnership forms part of group-wide efforts under the SM Green Movement that aims to improve the quality of life of communities through sustainable solutions to promote a green planet, green living and a green culture.  

SM Prime’s partnership with WWF dates back to 2007 under Hamilo Coast, its leisure resort development in Nasugbu, Batangas.  

WWF closely monitors the health and viability of the Hamilo Coast area including three of its coves designated as Marine Protected Areas (MPAs)—the Pico de Loro, Etayo and Santelmo.  

In recognition of its conservation efforts, Hamilo Coast was cited by WWF-Philippines as its longest standing Sustainability Partner in 2020. 

Wednesday, August 24, 2022

SM Prime and AboitizPower Secure Long-Term Cleanergy Deal

1:00:00 PM

 

SM Prime Holdings, Inc. (SM Prime), one of the leading property developers in Southeast Asia, secures a long-term deal with AboitizPower for Cleanergy supply, realizing its goal of increasing its renewable energy portfolio to more than 50%. This is in support of the Department of Energy’s program of moving up the renewable energy supply component of the country to 35% by year 2030.

Under the agreement, AboitizPower is poised to supply reliable and responsibly-sourced energy from Tiwi and MakBan Geothermal Power Plants, and PV Sinag’s Power Plants, operated and managed by AboitizPower subsidiary, Aboitiz Renewables, Inc. (ARI). This long-term contract will power SM Prime properties, including malls, leisure homes, offices, hotels, and other establishments under the Retail Competition and Open Access (RCOA) by the end of 2022.

“This partnership with AboitizPower is aligned with our unwavering commitment to being a catalyst for economic growth and steward of nature. We will continue providing world-class amenities within our sustainable lifestyle cities that have been beneficial and inspirational to millions of Filipinos,” said Jeffrey Lim, SM Prime Holdings Inc.’s President.

(From left to right) SM Prime Energy Consultant Jaime Patinio, AboitizPower Senior Vice President for Commercial Operations Sandro Aboitiz, SM Engineering, Design and Development President Hans Sy, Jr., SM Prime President Jeffrey Lim, AboitizPower President and Chief Executive Officer Emmanuel Rubio, Aboitiz Renewables, Inc. Vice President for Commercial Strategy, Sales, and Engagement David Aboitiz, AboitizPower Vice President for Retail - Commercial Operations Business Unit James Byron Yu, and SM Prime Chief Finance Officer John Nai Peng Ong gather for a luncheon on Thursday, August 4, after sealing a long-term partnership with the commitment to helping build a cleaner and brighter future.


 
SM Prime builds legacy communities based on its core sustainable pillars: Economy, People, Environment, and Community. It is dedicated to generating value sustainably through its diverse business segments.

“AboitizPower is thrilled to be SM Prime’s partner in building sustainable lifestyle cities. We thank SM Prime for trusting us to be their partner in their transition to clean and renewable energy. It is a privilege to be given the opportunity to power various SM Prime properties with our renewable assets”, said Sandro Aboitiz, Senior Vice President of the Commercial Operations Business Unit. 

“We consider it a great milestone for our group to be in support of SM’s transition to renewable energy and are working to rapidly expand our renewable portfolio as the demand for Cleanergy grows. We have supported a growing number of corporations transitioning to clean and renewable energy and we are excited at the prospect of seeing a future where Cleanergy is the norm.” said David Aboitiz, Aboitiz Renewables, Inc. (ARI) Vice President for Commercial Strategy, Sales, and Engagement.

The leading renewable energy provider plans to expand its Cleanergy portfolio in the next 10 years to support the government’s plans of boosting the renewable energy industry in the country. AboitizPower is targeting approximately 50:50 Cleanergy and thermal capacity mix by 2030. 

Saturday, May 7, 2022

SM PRIME fronts with Green Buildings for Sustainable Cityscapes

7:42:00 PM

 

Cities continue to shape the way we live our lives – from shifting to greener lifestyles choices to reducing overall carbon emissions to help save the planet. The successful shift to greener cityscapes begin with the construction of green buildings, providing smart innovations that work with the environment and promote the well-being of the people who use these spaces on a daily basis.

According to a study made by the US Green Building Council, green buildings can reduce carbon emissions by around 40% on average, water consumption by around 30% and waste generation by around 70%. Beyond the environmental benefits, green buildings also help meet social needs by enhancing spaces, protecting human health, empowering differently-abled members of the community to take active participation and ensuring access to basic services at reasonable rates. Economic benefits can be felt as well with green buildings commanding higher rent potentials, encouraging ‘greenovation’ and promoting cultural and recreational activities without harming the environment.

Committed to making every day living better, SM Prime has taken the lead in incorporating sustainability and resiliency in its designs, making each component work together as a fully-integrated city of the future.

“Constructing greener buildings provides holistic solutions not only reducing emissions but also promoting social well-being.” shares Hans T. Sy, SM Prime Holdings Chairman of the Executive Committee. “We see this in our developments which drives us to build greener and even retrofit our existing malls to meet green standards.”

Among SM’s developments, a number boast of receiving LEED Gold certification while others are in the process of certification such as the SM Baguio expansion, SM North EDSA BPO offices, SM Megamall Mega Tower and SM Retail Corporation, to name a few.

SM Aura

The iconic SM Aura at the Bonifacio Global City is a mixed-use development that incorporates retail, trade halls and a Grade A office tower. The LEED Gold Certified mall promotes resource efficiency, green mobility and green landscapes.

SM Aura Bicycle Racks
  • Green Mobility. Cycling is encouraged with accessible bicycle storage, cyclists’ shower rooms and convenient access to safe lanes to public transit.
SM Aura Premier Park
  • Green Landscapes. The SM Aura Premier Park covers over 55% of the building, uses recycled water and provides enough room for plants to grow while protecting the building and people from heat.
SM Aura LEED GOLD Certification
  • Resource Efficiency. SM Aura uses 16% less than conventional buildings through a high- performance building envelope that reduces solar heat while allowing sufficient sunlight. Through low flow water sensor and metering faucets, it also reduces 1/3rd of its potable water use. Only low emitting materials were used as paint, adhesive sealants and floor materials.

Conrad Manila

Known as a lifestyle center, Conrad Manila is LEED Gold Certified. The hotel is designed with a dramatically-formed angular structure that houses a stylish 347-room hotel, spa and function space while S Maison is home to a swathe of smaller, more bespoke outlets for brands.

Bicycle racks at the Conrad Manila

  • Luxury Means Green Mobility. Boasting of high-end luxury experience, Conrad Manila remains environmentally friend by providing preferred parking slots for low emitting fuel efficient vehicles, car-sharing vehicles and special parking spaces and facilities for cyclists.
  • Eco-Friendly Materials. Locally manufactured and recycled materials and products were used whenever possible with more than 80% of the project’s construction waste recycled. Filtration systems maintain a minimum efficiency rating of 90% to eliminate airborne particulates.
Conrad Manila LEED Gold Certification

  • Resource Efficiency. Conrad Manila is designed to reduce energy around 12% less than American energy standards. Its water heating system recovers heat from the chiller condensers to produce hot water while its ventilation system recovers the coolness from the exhaust air, returning that into the building. The hotel is outfitted with occupancy sensors, tinted with low emissivity insulated glass to keep heat and noise out,

Going beyond the LEED Certification, SM Engineering and Design Development, the mall's design and construction arm has implemented these sustainable design strategies on the following projects:

SM Baguio Sky Garden

SM Baguio brings outdoor and indoor as one space optimizing natural lighting and ventilation with the Sky Garden. It has a green roof system as well as a provision for an underground water reservoir for storage and reuse of rainwater with a capacity of 4,389 cubic meters.

SM Seaside Cebu

SM Seaside Cebu mall goers can enjoy an extensive green area, center courtyard and roof garden. Constructed with low glass and utilizes EchoStop for noise management, the building is designed to maximize natural light and ventilation.

SM Lanang Sky Garden

SM Lanang Premier showcases lush greens, a roof garden and green pavers that encourage filtration and allow stormwater back to the underground soil. It is equipped with a rain water catchment system and a water reservoir with a 546-cubic meter capacity based on 425mm per hour rainfall intensity. It also has a materials recovery facility which receives, segregates and prepares recyclable materials for marketing to end-user manufacturers.

SM Masinag Holding Tank

SM City Masinag helps communities avoid flood waters through its 15,033 cubic meter water catchment facility. It is designed with green screens to promote vertical plant growth and is constructed with Clerestory windows as a source of natural light.

SM North EDSA Solar Panels

SM North Edsa is one of the pioneers of the use of solar panels. It is also the first to have the Sky Garden and elevated parks.

The Mall of Asia

SM Mall of Asia is uniquely designed with a seawall to avert any damage from potential storm surges or seal level rise. Built on reclaimed land, it used an excavation method providing a greater degree of protection against liquefaction and seismic events. It is also elevated above the required building levels and is equipped with wave return and drainage channel to prevent flooding due to storm surges and high waves.

SM Marikina
sits on 246 stilts and is built 20 meters beyond the compliance for safety zone. At 20.5 meters above natural ground level, it serves as a first responder and a place of refuge for the residents of Marikina during times of calamities.

SM Marikina on stilts

Today, real estate investors, both for business and personal use, have grown to prefer spaces that support sustainability agendas of the growing population. Pursuing green building standards support the public’s aspiration for more sustainable communities that are designed for environmental and social well-being. SM Prime believes that it is important for developers to work with communities on addressing climate change and achieving shared aspirations – a greener, more sustainable cityscape for all to enjoy.

“Creating a more sustainable way of life requires a sustainable backdrop that supports the shift. At SM Prime, our passion is to create one that is sustainable and resilient for the life we want for today and the future,” Mr. Sy said.

Saturday, April 23, 2022

HAMILO COAST OF SM PRIME SAFEGUARDS A 20-HECTARE MANGROVE FOREST

11:28:00 AM

 


A quick share of the story about SM Prime's environmental protection advocay. 

Hamilo Coast through its developer, SM Prime’s Costa Del Hamilo, Inc. safeguards a 20-hectare mangrove forest, the largest of its kind in Nasugbu, Batangas. Together with the World Wildlife Fund for Nature Philippines (WWF-Philippines), Hamilo Coast continues to preserve over 50,000 mangrove trees to date as it remains committed to its advocacy for environmental and social sustainability.

Sunday, March 20, 2022

SM Prime, Building Strong Foundations of Responsible Development

10:05:00 AM

 

The topic of sustainability in property development has surged since the world experienced Covid-19. Having to redefine the use of spaces, people soon realized how instrumental real estate is in the journey towards a more sustainable way of life. With the threat of climate change looming in the horizon and a growing population to sustain, the need to build more sustainable and resilient cities only continue to rise.

SM Prime traces its journey on sustainable design and development way before the concept has gone main stream. At the heart of SM is its commitment to serve its customers – designing its malls to bring better comfort and an enjoyable experience in every visit to SM Supermalls.

Sustainable Comfort

Built through several phases of development, SM Megamall, among SM’s 78 malls across the country, has grown into the complex it is today with 800 shops including 250 dining outlets and 16 anchor tenants. Customers explore the expanse of the 10-hectare development from its convenient parking grounds, relaxed atmosphere and beautiful façade. Behind this is sophisticated engineering anchored on sustainable design and technology.

  • SM Megamall is energy and water efficient. The building is enveloped with EIFS or Exterior Insulation Finishing Systems board which helps boosts wall insulation, making it more resistant to heat. It only uses LED lighting system allowing a 50% energy saving. The mall also tracks a lighting operating schedule following the supply requirement of our mall activity and does not contribute to environmental lighting pollution so as not disturb nocturnal animals. It also uses sensor activated escalators that contribute to about 30% energy savings. It’s air handling system uses high-efficiency air-conditioning system that has greater environmental stewardship. Lastly, it uses efficient water fixture for water savings and recycles water.

  • SM Megamall works with the natural environment. The mall utilizes green walls, skylights and clerestory or a high section wall that contains windows above eye level to increase the flow of natural light. It is surrounded with plants of local varieties and selection of trees and shrubs.

  • SM Megamall promotes mobility. Situated in the middle of EDSA, SM Megamall brings 550 buses into one integrated system to promote easier mobility. Green hybrid transports provide options for the more environmentally conscious passengers. All public transports are required to meet mandated emission levels in support of the Clean Air Act. The mall is pedestrian-friendly with about 1,595 square meters of covered walk ways. Throughout the mall, designated bike lanes and parking spaces are provided. Lastly, parking sensors not only make parking easier but has also reduced emissions in the parking areas.

  • SM Megamall practices responsible materials management. The mall uses Echostop ceiling finish for noise absorption which is made from gypsum and paper liner made from 100% reclaimed and recycled paper. The Mega Tower uses insulated glass units which keeps heat out during summer months and Low E-glass to minimize the amount of ultraviolet light that comes through the windows, with both features maximizing energy savings. It also has a Material Recovery Facility dividing recyclables, biodegradable waste, residual waste and hazardous waste.

Environmental Strategy

All these initiatives are aligned with SM Prime's environmental strategy of developing, designing, and building integrated lifestyle cities with sustainability and resiliency considerations in mind. Echoing these efforts, SM Prime continues on its transition to clean energy. Aside from investing in energy efficient programs, the company is broadening its renewable energy investments. SM Prime targets to increase its demand for electricity sourced from renewables by more than 50% across all of its business segments by end of 2022 in support of the Department of Energy's goal of moving the country's renewable energy supply component up to 35% by the end of the decade.

Moreover, as part of a growing movement of responsible and sustainability-centered enterprises, SM Prime has joined the 2,500 organizations worldwide in supporting the Task Force on Climate-related Financial Disclosures (TCFD) and its goal of creating a more resilient financial system through better climate risk disclosures. Through this, it hopes to continue to drive its business to adopt more sustainability initiatives related to climate change.

At Hamilo Coast, SM property in Nasugbu, Batangas, it continues to uphold its commitment to sustainability and conservation as it planted 50,000 more mangroves which covers 100,000 square meters of the estate. This is also touted as one of the largest mangrove areas in Nasugbu. Hamilo Coast continues to protect its mangrove ecosystem together with the World Wide Fund for Nature (WWF) Philippines—a partnership it has nurtured since 2007.

Hamilo Coast also undertook the initiative to declare three of its coves, namely Pico de Loro, Etayo, and Santelmo as Marine Protected Areas in 2009. SM is regreening the country sides through its tree planting program led by SM City Baguio. This is in partnership with the Philippine Military Academy (PMA), the Department of Environment and Natural Resources - Cordillera Administrative Region (DENR-CAR), Baguio Water District, the local government of Baguio City and 25 media organizations in Baguio. As of January 2022, over 600,000 trees have already been planted in Baguio City and neighboring towns in Benguet.

SM further promotes sustainable practices through water recycling and the adoption of technologies that promote smart water use. In 2020, it was able to recycle 28.9 million cubic meters of water.

In terms of solid waste management, SM Prime has intensified its campaign by requiring all contractors to implement proper waste management procedures during construction. A long-running program through SM Cares, the monthly Trash to Cash (TTC) provides an avenue for the community, including properties’ tenants, to participate in solid waste management. This initiative ran for nine months in 74 malls and five SM Development Corporation properties in 2020, saving 134,067 seven-year-old trees to date.

It also undertakes paper recycling in partnership with the Trust International Paper Corporation and the responsible transport, treatment, storage and disposal or processing of the properties’ generated hazardous waste, compliant to the government’s implementing rules and regulations.

Resiliency as a Necessity

While SM serves millions of customers every day, its impact goes beyond its businesses – touching the lives of millions more in the communities wherever it is present. For a country like the Philippines, the impact of climate change can already be felt with typhoons getting stronger and more frequent.

Hans T. Sy, chairman of the Executive Committee of SM Prime has served in leadership roles in both national and international organizations focused on disaster resiliency and its impact to business and society. Leading by example, SM integrates disaster resiliency in its business strategy as well as its city and mall designs and developments. This, not only allows SM businesses to operate during calamities, instead, also helps communities become more resilient to typhoons.

“I believe in an age-old adage; an ounce of prevention is worth a pound of cure. SM Prime has taken deliberate steps to reinforce resiliency across its properties and provide a focused approach on sustainability in order to preserve communities and save lives,” said Mr. Sy.

Such is the impact created by SM Masinag.

Vermont Park Phase 1 is located near SM Masinag. For years, it would undergo flooding during typhoons. However, the story has changed. Since SM Masinag opened to serve the community, it has been equipped with a water catchment facility that can detain 17,681 cubic meters of water, which is equivalent to 7 Olympic size swimming pools. This helped control the flooding of nearby villages during typhoons.

Meanwhile, SM Marikina, which is also in a high-flood rate zone, is able to serve as first responder and a safe haven to affected families during times of calamities. This is because it is standing on 246 stilts with an elevation higher than the highest recorded water level rise in Marikina City.

Sustainability and Resiliency as Strong Foundations for Responsible Development

SM Prime anchors its development on both sustainability and disaster resiliency. For SM, both serve as strong foundations for responsible development – to address the increasing demand for urban areas and to address the threat of climate change.

From the onset of concept design, SM Prime allocates around 10% of capital expenditure to incorporate sustainability features and disaster resilience when building malls, offices and even integrated lifestyle cities.

"The safety of the communities, employees, customers, and the facility structure remains top priorities in all SM Prime developments. As I tell my design teams ever so frequently, ensuring safety is the only way I can sleep well,” Mr Sy said.”

For SM, this means the hard infrastructure capacities as well as how spaces are designed to facilitate mobility, green transport options, greener buildings and even green technology such as being powered by solar energy. As such, wherever SM operates, SM Prime makes every effort to help create the spaces and cities we need in order to sustain ourselves into the future.



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Hi!, This is Marco a.k.a. Toto Blogger and Publisher. I created this blog to provide stories, personal experiences, entertainment, and insights on products I like. I'm here to share and inform you (readers) on things about music, movie, food, travel, and events.

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