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SM Investments Corp. was recognized by Morningstar Sustainalytics in its 2023 Top-Rated ESG Companies list among top rated companies in its industry and top rated companies in the Asia Pacific, SM announced in a March 9 press release.
SM was ranked in February in the top 6.7% of companies with the lowest ESG risk score in its own peer group, with a ESG risk rating of 13.3. The assessment demonstrated SM’s low risk of experiencing material financial impacts from ESG factors.
Morningstar’s ESG risk ratings analyze a company’s industry-specific ESG risks and how the company mitigates those risks. SM’s mitigation techniques include technological investments, personnel training and consistent audits.
As a global provider of ESG research and ratings, Morningstar’s risk ratings analyzed more than 15,000 companies across 42 industries.
"We are honored to be cited by Morningstar Sustainalytics which reflects our commitment and initiatives towards sustainability, particularly good governance and risk management. In this period of global uncertainty, it is important for us to affirm our investors' and stakeholders' confidence in the company as a stable, sustainable and responsible proxy for Philippine development and growth," SM Investments Corporation President and CEO Frederic C. DyBuncio said.
SM Investments is a Philippine company in the retail, banking and property industries.
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