SM Investments Corporation, SM Prime Holdings, and China Banking Corporation have been honoured by TIME Magazine and Statista as some of the World’s Best Companies for 2024. This accolade highlights their exceptional performance in employee satisfaction, revenue growth, and sustainability.
Frederic DyBuncio, President and Chief Executive Officer of SM Investments, expressed his gratitude for the recognition, noting, “We are honoured to be listed among the world’s best companies. This recognition reflects our group’s commitment to responsible and inclusive development and underscores our dedication to creating shared value for all stakeholders while ensuring long-term sustainability.”
SM Investments has played a significant role in driving socio-economic growth in the Philippines. The company has created over 131,000 jobs and supported more than 100,000 micro, small, and medium enterprises (MSMEs). In its efforts to manage environmental impact, SM has undertaken several initiatives. In 2023, its subsidiary, Philippine Geothermal Production Company, achieved a steam output of 2,604.4 gigawatt-hours (GWh). Additionally, SM has planted 2.65 million trees and seedlings, protected 24 hectares of mangroves, and installed 23.3 megawatts peak (MWp) of solar panels across its malls.
The “World’s Best Companies 2024” ranking is based on an extensive evaluation process. Companies were assessed across three primary dimensions: Employee Satisfaction, Revenue Growth, and Sustainability. Surveys conducted in over 50 countries, involving around 170,000 participants, informed the employee satisfaction ratings. Revenue growth was measured for companies with revenues exceeding US $100 million in 2023, reflecting positive growth from 2021 to 2023. Sustainability was assessed through Environmental, Social, and Governance (ESG) data from Statista’s ESG Database and targeted research.
SM Investments Corporation is a leading Philippine conglomerate with investments in retail, banking, and property. Its retail operations are the largest and most diverse in the country, including grocery stores, department stores, and specialty retail outlets. SM Prime Holdings, the property arm, is the largest integrated property developer in the Philippines, with interests spanning malls, residential properties, offices, hotels, convention centres, and tourism-related developments. In banking, SM has stakes in BDO Unibank, the largest bank in the Philippines, and China Banking Corporation, the fourth largest private domestic bank.
For more information, visit www.sminvestments.com.
