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

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 fa├žade. 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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