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SMIC obtains third Gold Award in Asia Sustainability Reporting

(The Philippine Star) - January 29, 2021 - 12:00am

MANILA, Philippines — SM Investments Corp. (SMIC) attained a Gold Rank for the third straight year for its 2019 Sustainability Report from the Asia Sustainability Reporting Rating (ASRRAT) organized by the National Center for Sustainability Reporting (NCSR) in Indonesia.

Sustainability reporting provides key stakeholders with an understanding of the impacts of key business activities to future needs and the strategic actions taken by companies in response to these impacts.

“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 DyBuncio said.

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.

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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