SM Group works with industry, gov’t for climate action, low-carbon economy
THE SM Group said it is advancing meaningful discourse on climate action and fostering partnerships aligned with efforts to support the country’s commitment to addressing climate change.
SM said it extended its support for the promotion of a low-carbon economy through nature-based solutions across the group.
“At SM, our vision is to be a catalyst for responsible development in the communities we serve,” said Timothy Daniels, SM Investments consultant and head for investor relations and sustainability.
“This involves careful decisionmaking and integrating sustainable practices into how our business is done,” he said.
SM developed a sustainability management system focused on the two key policies of climate action and resource management.
The former incorporates both mitigation and adaptation, consistent with the national policies and the country’s commitment to the Paris Agreement on Climate Change.
The latter policy states how SM manages the available natural resources, minimizing extraction of these resources, prioritizes naturebased solutions across its ecosystem of businesses and the promotion of circular systems. It aims to create a more sustainable process by reducing waste while maximizing resource efficiency.
These insights were shared during an educational forum hosted by the Carbon PH Coalition. The forum was held at SMX Aura in Taguig on April 11 focused on the topic of Philippine Policy and Investment Environment for Nature-based Solutions.
SM said its participation underscored the group’s commitment to knowledge sharing and advocating for policies that support environmental conservation.