SM Prime Strengthens Its Path to a Sustainable Future Amid Global Climate Action

With the 30th Conference of the Parties (COP30) taking place in Belem, Brazil, this November, the global focus on actionable solutions for the planet’s climate crises has never been more urgent. For SM Prime Holdings, Inc., this pivotal moment underscores the importance of its commitment to sustainability—not just as a corporate responsibility, but as a guiding principle that shapes its operations, partnerships, and long-term strategy. The company’s journey toward achieving Net Zero by 2040 has evolved into a unifying goal across its vast portfolio, emphasizing strengthened implementation, innovative partnerships, and resilience in the face of climate challenges.

Empowered Partnerships for a Low-Carbon Future

Addressing the “energy trilemma”—the intertwined challenges of security, affordability, and sustainability—is particularly relevant for businesses in property development and urban planning. For SM Prime, these challenges are opportunities to redefine energy consumption, expand renewable energy capacity, and support the transition to a low-carbon future.

A diversified and comprehensive energy mix benefits not only renewable energy producers but also the broader industry by reducing dependence on fossil fuels. Through strategic partnerships with leading renewable energy companies, SM Prime has positioned itself at the forefront of this transition. SM Supermalls, for example, has achieved over 50% renewable energy usage across its properties by leveraging collaborations with key energy providers and through direct procurement strategies.

The company’s renewable energy journey has been deliberate and steadily expanding. In 2022, a partnership with Aboitiz Renewables, Inc. (ARI) activated strategic plans to enhance clean energy adoption. This footprint broadened further in 2024 through collaboration with TotalEnergies and continued in 2025 with the inclusion of Citicore Renewable Energy Corporation. Complemented by the increasing integration of leading solar rooftop suppliers for SM Supermalls, these initiatives meet growing energy demands while reducing carbon emissions.


Energy for Communities

Beyond corporate operations, SM Prime’s energy initiatives contribute to the resilience of communities, providing affordable and sustainable energy solutions while promoting climate-smart urban centers. The SM Green Movement plays a crucial role in this effort, fostering sustainable lifestyles by empowering neighborhoods to reduce energy and fuel consumption, minimize waste, and improve overall quality of life.

“We started the journey with our energy efficiency programs in the ’90s,” said SM Supermalls President Steven Tan. “This lets us enjoy our mall spaces now because we maximize our energy use, lower operational costs, while hopefully reducing our emissions. Of course, we still have a long way to go. But we are trying to make renewable energy accessible at scale to our malls—not just to create decarbonization value for the communities we touch and work with, but to provide flexible, adaptive, and sustainable mall experiences. Most importantly, a safer future for all.”

Commitment Beyond Business

As one of Southeast Asia’s largest integrated property developers, SM Prime is committed to creating sustainable, innovative, and inclusive spaces. Its developments—including malls, residences, offices, hotels, and leisure properties—are designed to support communities while promoting environmentally responsible practices. Through the SM Green Movement, the company emphasizes waste management, water stewardship, and energy efficiency, encouraging individuals and communities to participate in actions that deliver shared prosperity for generations to come.

With COP30 reinforcing the urgency of climate action, SM Prime’s sustained investments in renewable energy, strategic partnerships, and community-focused initiatives demonstrate that corporate responsibility can align with societal progress. By championing sustainability at every level—from operational practices to neighborhood engagement—SM Prime exemplifies how businesses can create lasting positive impact while building a greener, more resilient future for all.