PASAY CITY, Philippines,
Sept. 14, 2024 /PRNewswire/ -- TIME
Magazine and Statista have recognized SM Investments
Corporation, SM Prime Holdings, and China Banking Corporation as
among the World's Best Companies for 2024. This accolade
underscores the group's focus and exceptional performance in
employee satisfaction, revenue growth, and sustainability.
Frederic DyBuncio, President and Chief Executive Officer of SM
Investments, commented, "We are grateful to be part of the list of
the world's best companies as it reflects our group's collective
commitment to responsible and inclusive development. It also
highlights our dedication to creating shared value for all
stakeholders while ensuring the long-term sustainability of the
enterprise."
SM continues to drive socio-economic growth, having created over
131,000 jobs and supported more than 100,000 micro, small, and
medium enterprises (MSMEs) to date.
The company is also proactive in managing its environmental
impact. In 2023, Philippine Geothermal Production Company, a wholly
owned subsidiary, achieved a steam output of 2,604.4 gigawatt-hours
(GWh). SM has also 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 the result of a
comprehensive analysis to identify top-performing companies
worldwide. The study evaluates companies across three primary
dimensions: Employee Satisfaction, Revenue Growth, and
Sustainability.
Employee satisfaction was assessed through surveys conducted in
over 50 countries, with data from approximately 170,000
participants. Revenue growth was measured for companies with
revenues of at least US $100 million
in 2023, reflecting positive growth from 2021 to 2023.
Sustainability evaluations were based on Environmental, Social, and
Governance (ESG) data from Statista's ESG Database and targeted
research.
About SM Investments Corporation
SM Investments Corporation is one of the leading Philippine
companies that is invested in market-leading businesses in retail,
banking, and property. It also invests in ventures that capture
high growth opportunities in the emerging Philippine economy.
SM's retail operations are the country's largest and most
diversified, consisting of grocery stores, department stores and
specialty retail stores. SM's property arm, SM Prime Holdings,
Inc., is the largest integrated property developer in the Philippines with interests in malls,
residences, offices, hotels, and convention centers as well as
tourism-related property developments. SM's interests in banking
are in BDO Unibank, Inc., the country's largest bank, and China
Banking Corporation, the fourth largest private domestic bank.
For more information, please visit www.sminvestments.com
View original
content:https://www.prnewswire.co.uk/news-releases/time-statista-name-three-sm-companies-among-worlds-best-companies-302248336.html
