Business

SMIC wins third Gold award in Asia Sustainability Reporting

SM Investments Corp. (SMIC) won the Gold Rank for the third straight year for its 2019 Sustainability Report from the Asia Sustainability Reporting Rating (ASRRAT).

READ: SMIC named among Asia’s Top Community Care Companies

“We are grateful for this recognition by our international partner, the National Center for Sustainability Reporting. This demonstrates our commitment to integrating sustainable practices in the way we conduct all of our businesses,” SMIC president Frederic C. DyBuncio said.

READ: SMIC bags award for sustainability

Established in 2005, NCSR is the first independent organization to develop sustainability reporting in Indonesia. In 2011, it was appointed by the Global Reporting Initiative as the Official GRI Training Partner for Southeast Asia.

READ: SMIC Q3 revenues rebound but nine-month profit dips to P15.2B

As an acknowledgment and appreciation of companies that have made sustainability reports, the ASRRAT rewards outstanding attempts to communicate corporate performance in three aspects (economics, social and environment) and primarily focuses on transparency and reporting compliance to sustainability reporting guidelines developed by the GRI.

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