SM Investments Corporation (SMIC) reported on Friday a significant increase in its clean energy consumption, sourcing 31% of its total power requirements from renewable energy in 2025, up from 24% the previous year.
The conglomerate’s transition translated to 730 million kilowatt-hours (kWh) of electricity drawn from renewable sources. This shift successfully averted 370,644.07 metric tons of carbon emissions—a reduction equivalent to removing approximately 296,954 internal combustion vehicles from the road for an entire year.
SM Investments President and Chief Executive Officer Frederic DyBuncio emphasized that the company’s aggressive push toward green energy aligns environmental responsibility with strategic financial growth.
”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,” DyBuncio said.
Leading the solar initiatives, property arm SM Prime has deployed over 200,000 solar panels across 69 malls and office spaces throughout the country. Meanwhile, Alfamart, the group’s mini-grocery and convenience store chain, integrated solar power into its supply chain by installing a 120.28 kilowatt-peak (kWp) solar rooftop system at its Sariaya Distribution Center in Quezon Province.
Beyond solar energy, SMIC’s wholly-owned subsidiary, Philippine Geothermal Production Company (PGPC), continues to anchor the group’s clean energy portfolio. PGPC operates the Mak-Ban and Tiwi steam fields spanning Batangas, Laguna, and Albay, which currently generate up to 400 megawatts (MW) of geothermal power.
Looking ahead, PGPC is actively exploring and developing six new geothermal sites across Luzon, aiming to double its capacity by tapping into an additional 400 MW of clean energy potential.