SM Investments Corporation, the parent company of the SM Group increased the share of renewable energy in its total electricity consumption to 31% in 2025, up from 27% in 2024, reflecting its continued commitment to cleaner energy adoption across its operations.
During the year, the Group sourced approximately 730 million kilowatt-hours (kWh) of electricity from renewable sources. This transition helped prevent an estimated 370,644 metric tons of carbon emissions, an environmental impact comparable to removing nearly 297,000 electric-powered passenger vehicles from the roads for an entire year.
“For us, investing in renewable energy is both a sustainability and business decision,” SM Investments President and Chief Executive Officer Frederic C. DyBuncio said. “It helps us manage long-term energy costs, improve operational efficiency and build more resilient businesses to help us better serve our customers, tenants, communities and other stakeholders.”
Also Read: https://webnewsaddiction.com/cleanmax-raises-575-million-to-supercharge-renewable-energy-expansion/
A key pillar of the Group’s renewable energy strategy is the Philippine Geothermal Production Company (PGPC), a wholly owned subsidiary of SM Investments. PGPC operates the Mak-Ban and Tiwi geothermal steam fields in Batangas, Laguna and Albay, supplying steam capable of generating up to 400 megawatts (MW) of clean, renewable electricity for residential, commercial and industrial consumers around the clock.
To further strengthen the country’s renewable energy capacity, PGPC is advancing geothermal exploration and development projects across six locations in Luzon. These sites have the potential to add another 400 MW of renewable geothermal power to the national energy mix.
The Mak-Ban and Tiwi geothermal fields alone produce sufficient steam resources to generate electricity for approximately one million households each year, highlighting their significant contribution to the Philippines’ clean energy transition.
“Reliable and affordable energy is important not only for businesses but also for communities and the broader economy,” Mr. DyBuncio added. “We believe renewable energy, particularly geothermal, can help strengthen long-term energy security while supporting economic growth.”
Renewable energy adoption is also gaining momentum across the Group’s integrated developments and business operations. SM Prime Holdings, Inc. has installed more than 200,000 solar panels across 69 properties, reinforcing its commitment to energy efficiency and sustainable operations.
The Group’s clean energy transition extends beyond its property portfolio. Alfamart recently commissioned a solar power system at its Saraiya Distribution Center in Quezon Province, featuring a peak capacity of 120.28 kilowatt-peak (kWp) to enhance energy efficiency and support more sustainable supply chain operations.
The Group’s banking businesses are likewise contributing to sustainability efforts through green financing initiatives. As of the end of 2025, BDO Unibank, Inc. had provided PHP 1.21 trillion in funding for sustainable projects, including 71 renewable energy developments worth PHP 177 billion. Meanwhile, China Banking Corp. extended PHP 72 billion in financing for projects focused on renewable energy, energy efficiency and broader energy access during the year.
SM Investments said the Group continues to integrate sustainability and operational efficiency across its retail, property, banking, and portfolio investments.
