Driving Sustainable Growth
“SM is pioneering sustainable growth through strategic investments.”
SM Investments Corporation, commonly known as SM Investments started as a humble shoe store in Downtown Manila founded by Henry Sy, Sr. in 1958. Over the years, it has evolved into the largest and most diversified conglomerate in the Philippines, becoming a cornerstone of the nation’s economy. With a strong presence in retail, property development, and banking, SM Investments has positioned itself as a significant driver of growth in the country, continuously striving to serve millions of Filipinos through its broad ecosystem of businesses. Headquartered in Pasay City, SM Investments is a holding company that oversees the operations of its subsidiaries, which include some of the most recognizable brands in the Philippine market, such as SM Prime Holdings, Inc., BDO Unibank, Inc. and China Bank Corporation.
The company’s retail segment, one of its primary pillars, has flourished with a diverse array of businesses that cater to the varying needs of consumers. With over 4,200 retail stores under its management, including well-known brands like The SM Store, SM Supermarket, SM Hypermarket and Savemore and other specialty brands, the company has built a formidable retail presence that serves as a one-stop shop for Filipinos. Additionally, the SMAC loyalty program, with over 10 million members, solidifies SM Investments’ connection with its customers, providing them with exclusive offers, rewards, and an elevated shopping experience. These are complemented by initiatives in other business areas, such as promoting green retail choices with over 12,000 sustainable products tagged under the SM Green Finds program.
In the property segment, SM Prime Holdings, Inc. leads SMIC’s efforts to build sustainable and integrated lifestyle developments that promote urbanization in key cities across the Philippines. SM Investments currently operates 95 malls across the Philippines and China, which attract millions of visitors daily. SM Prime’s properties serve as community centers, integrating residential, office, and hotels and convention centers to create vibrant hubs of economic and social activity. These developments not only provide modern conveniences but also incorporate sustainable design elements such as water catchment systems, solar energy installations, and effective waste management solutions to ensure environmental stewardship.
The banking segment of SM Investments is anchored by BDO and China Bank. BDO, the largest bank in the Philippines, operates over 1,700 branches and more than 4,800 ATMs, offering a wide range of financial services, including consumer and business banking, insurance, and wealth management. BDO has strengthened its digital banking platform to enhance customer accessibility and convenience. China Bank, a key player in the industry, drives business expansion through effective financial assistance and lending programs.
SM Investments’ commitment to sustainability and responsible growth extends to its investments in renewable energy. Through its subsidiary, Philippine Geothermal Production Company (PGPC), the SM group has invested in geothermal energy projects that have generated over 2,600 GWh of clean energy. With ongoing exploration activities in five new geothermal contract areas, the company is set to add up to 400 megawatts of capacity over the next five years, further supporting the country’s transition to a low-carbon economy.
SM Investments remains optimistic about its growth prospects. The company’s strategy involves a continued expansion of its core businesses while also exploring opportunities in new and emerging sectors. The company plans to invest further in logistics through 2GO Group, which has recently expanded its fleet with two new ships and aims to add another in the near future and through Airspeed which provides tailored logistics services to meet small and medium enterprises’ business requirements.
SM Investments’ vision is to build an ecosystem of sustainable businesses that act as catalysts for responsible development in the communities it serves. The company’s philosophy of creating shared value is reflected in its numerous community initiatives, such as providing educational support through scholarships, constructing healthcare facilities, and supporting local micro, small, and medium enterprises (“MSMEs”). SMIC is one of the largest homes for MSMEs in the country, with over 100,000 MSMEs actively engaged as tenants and suppliers. Through its inclusive programs, SMIC enables these enterprises to thrive, providing them with access to markets, financing, and mentorship.
SM Investments Corporation continues to play a pivotal role in shaping the Philippine business landscape. Its ability to integrate sustainability into its core business operations, coupled with its strategic investments in high-growth sectors, ensures that the company remains at the forefront of economic development in the country. With a steadfast commitment to its stakeholders and a clear vision for the future, SMIC is well-positioned to sustain its growth trajectory and contribute positively to the broader economy.
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