Business

SM still part of global sustainability index

The holding firm of the Sy family, SM Investments Corp.as well as its banking and property units have been recognized anew as a constituent company in the FTSE4Good Index Series for its strong environmental, social and governance (ESG) performance.

Global index provider FTSE Russell confirmed that SMIC, SM Prime and BDO Unibank have been independently assessed according to the FTSE4Good criteria and have satisfied the requirements to become a constituent of the FTSE4Good Index Series for two consecutive years.

This followed the index review made in June.

“We are honored by this recognition to be a part of the FTSE4Good Index Series for the second straight year. This reflects confidence in our holistic approach and integrated thinking to sustainability. We continue to drive significant progress in ESG initiatives across our portfolio to ensure business sustainability, support the national agenda and create stakeholder value,” SMIC president and CEO Frederic C. DyBuncio said.

The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.

SMIC’s ESG scores outperform the subsector and industry average and rank above average of Philippine ompanies across environmental, social and governance themes.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.