SM Prime Embarks on a Unified Waste Management Program for an #SMWasteFreeFuture

SM Prime Holdings, Inc. (SM Prime), a prominent integrated property developer in Southeast Asia, is initiating a comprehensive waste management and segregation campaign in response to the escalating global waste crises. With the goal of fostering a #SMWasteFreeFuture, SM Prime is rallying all its property groups and stakeholders.

As per the United Nations Environment Programme (UNEP), humanity produces over 2 billion tons of municipal solid waste annually, with 45 percent of it being improperly handled. Without immediate intervention, this figure is projected to nearly double to almost 4 billion tons per year by 2050. Recognizing the urgency of the situation, the United Nations General Assembly declared March 30 as the International Day of Zero Waste on December 14, 2022.

Subsequently, UNEP launched the inaugural International Day of Zero Waste the following year to bolster efforts in combating the global pollution crisis. The initiative seeks to inspire worldwide action and draw attention to the importance of achieving zero waste.

Strong foundations

SM Prime’s founding leader, Henry Sy, believed that “business growth and social development must go hand in hand.” The company follows this guiding principle and has formed a sustainability policy that commits to the following: Resource Conservation and Efficiency, Disaster Resilience, Climate Advocacy, Social Integration, and Transparent Reporting.

Anchored on these sustainability commitments are the SM Supermalls’ Environmental Programs on Waste Management. Through its corporate social responsibility arm, SM Cares, SM Supermalls has pioneered longstanding programs such as the Trash to Cash recycling market, and provided support to the annual International Coastal Clean Up, among other national events.

In the hotel and tourism sector, SM Hotels and Conventions Corporation (SMHCC) has taken the lead in mitigating global food waste by implementing sustainable initiatives across its properties in the Philippines. Their key initiatives include the World Wide Fund for Nature’s Sustainable Diner Program, that aims to transform and help the food service sector minimize its impact on the environment thru resource efficiency, plastic refusal and food waste management and contribute to the world’s future food security.

To support these programs, SM Prime also recently unveiled its waste-to-fuel partnership with GUUN Co. Ltd. (GUNN) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.

A Vision for an #SMWasteFreeFuture

To mark the International Day of Zero Waste on March 30, 2024, SM Prime is releasing its vision for an #SMWasteFreeFuture. “As a community, we strongly believe in our ability to contribute to solving today's waste issues,” said Hans “Chico” Sy, Jr., President of SM Engineering Design and Development Corporation (SMEDD) and SM sustainability champion.

SM Prime’s announcement of its vision of an #SMWasteFreeFuture demonstrates the company’s strong commitment and sustainability stewardship, by inviting its stakeholders to engage in activities that will help spread zero-waste awareness and work for a sustainable and environmentally responsible approach on waste management.

“We understand that this may seem like a daunting challenge to overcome However, by joining forces, we can create a world that our future generations truly deserve – if we have the courage to take on this journey together,” said Sy.

SM Prime remains committed to its role as a catalyst for economic growth, delivering innovative and sustainable lifestyle cities, thereby enriching the quality of life of millions of people. SM Prime is pursuing the next horizon on integrated property development and onward to building sustainable cities of the future.