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SM Prime Maintains ESG Track Record with FTSE4Good Inclusion
SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, has maintained its position on the FTSE4Good Index Series after the June 2025 review, marking its ninth year in a row of inclusion.
Created by FTSE Russell, a subsidiary of the London Stock Exchange Group, the FTSE4Good Index serves as a globally recognized benchmark for companies meeting rigorous Environmental, Social, and Governance (ESG) standards. SM Prime’s ongoing inclusion in this index indicates not only strong compliance with these standards but also the effective execution of its long-term sustainability strategies.
“Our continued inclusion in FTSE4Good reinforces the strength of our ESG fundamentals and validates sustainability as a core pillar of long-term value creation for the SM property group,” said Jeffrey C. Lim, President of SM Prime.
SM Prime’s consistent inclusion in the FTSE4Good Index highlights its strong alignment with global ESG benchmarks and commitment to sustainability. The company has significantly increased its renewable energy initiatives, with solar rooftop systems installed at 48 of its malls and properties.
One notable project is at SM City Fairview, featuring a 3.785-megawatt peak (MWp) solar system made up of nearly 6,900 panels. This installation is projected to generate approximately 5,960 megawatt-hours of electricity annually, which will help avoid around 4,133 tons of carbon dioxide emissions each year.
SM Prime goes beyond clean energy initiatives by implementing water reuse systems, rainwater harvesting, and comprehensive solid waste management across its mall network. Additionally, community resilience and inclusive design are central to its property development strategy.
The FTSE4Good Index evaluates companies based on over 300 data points across three core pillars: environmental, social, and governance. This assessment covers 14 themes, including climate change, human rights, and anti-corruption. To qualify, firms must achieve minimum ESG score thresholds of 3.3 for developed markets and 2.9 for emerging markets, with evaluations conducted semi-annually.
“As we build on our ESG momentum, we remain focused on scaling our renewable energy program, advancing climate-resilient infrastructure and deepening engagement with our stakeholders to future-proof our portfolio and support broader sustainability goals,” added Lim.
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SM Prime Maintains ESG Track Record with FTSE4Good Inclusion
Melo Villareal
Out of Town Blog
