SM Prime Holdings, Inc. (SM Prime) continues to lead the way in sustainable property development, delivering low-carbon office spaces and climate-smart retail environments through energy efficiency initiatives, on-site renewable solutions, and strategic long-term partnerships.
A sustainable future for all. The
iconic SM Mall of Asia, the world's 6th largest mall, has become a sustainable
retail shopping destination. Its physical and economic resilience stands as a
testament to SM Prime’s commitment to sustainable business strategies.
From
efficiency to impact
SM Prime has implemented programs such as lighting upgrades,
improved air conditioning and ventilation systems (ACVS), and optimized
building management systems since the 1990s —significantly reducing emissions,
proving that energy efficiency delivers environmental and economic benefits. In 2024, SM Supermalls reduced
electricity use by 38%, avoiding 156,736 metric tons of greenhouse gas
emissions (GHG)
and saving ₱2.3
billion.
In
the recently concluded 5th Energy Efficiency Excellence Awards of the Department of
Energy (DOE), SM Prime’s business units, namely, SM Supermalls, SM Offices, and
SM Hotels, was awarded multiple Certificates of Excellence.
This
success reflects collaboration among engineering teams, service providers,
tenants, and customers, driven by the company’s leadership and commitment to
the SM Green Movement.
Renewable energy milestones
Guided by
its goal of Net Zero by 2040, SM
Prime is making decarbonization practical, reliable, and scalable. At SM City North Edsa, it recently
celebrated a milestone for clean energy in the country, with 59 properties generating a combined 100
megawatts (MW) of on-site renewable energy—one of the largest solar
capacities among property developers in the Philippines.
A historic 100MW milestone. At Quezon City, the SM North Edsa, the first Philippine mall to use clean energy with rooftop solar photovoltaic systems, continues to deliver SM Prime’s people-centric sustainable retail spaces.
Today,
more than 50% of energy use across SM
Supermalls comes from renewable sources, supported by partnerships with Aboitiz Renewables, TotalEnergies, Citicore
Renewable Energy Corporation, and leading solar providers. This
collaborative approach empowers communities while building a safer and more
sustainable future.
Working
with WWF-Philippines, SM Prime has committed to
the Science-Based Targets initiative (SBTi) and is working towards its near and
long-term targets.
Retail architecture working with nature
At the
heart of SM Prime’s energy strategy is the creation of sustainable, resilient
spaces that enrich experiences for the community. Across its malls, SM
integrates passive design elements—high
ceilings, large atriums, skylights, open spaces, and natural
ventilation—reducing daytime energy consumption while offering brighter,
breezier, and more welcoming spaces for relaxation, dining, and shopping.
Technology meets nature. In SM City East Ortigas, natural light brightens
the food hall, and retrofitted lighting produces significant energy savings.
Smart
solutions such as motion-sensor
escalators, solar-powered
outdoor spaces, and energy-conscious
cooling systems make SM Supermalls a top retail destination for
tenant-partners and customers alike.
Shared climate benefits for all
“Customer expectations evolve quickly. When our
leaders first initiated this project, it was in the early days of learning
about the impact of our consumption on the planet. Now, brands – whether big
luxury labels or small and medium enterprises – are looking for partners who
invest in circularity and ESG impacts,” said SM Supermalls president Steven Tan.
As SM Prime continues to scale its energy
programs, its SM Green Movement builds
a resilient energy infrastructure to create a safe, comfortable, and
welcoming space for its communities.
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