By James A. Loyola
SM Investments Corporation (SM) reiterated its commitment to integrate sustainable development goals (SDGs) into corporate reporting in a regional summit.
The 2019 regional summit builds on the momentum of the first Sustainability Summit of the Global Reporting Initiative (GRI) held in October 2018 with SM and the Philippine Business for Environment.
“Sustainability is integral to SM’s business as we drive positive impact to the communities we serve. SM continues to be a partner for sustainable development as we align with the UN SDGs and UN Global Compact both in our operations and reporting standards,” SM President and Chief Executive Officer Frederic C. Dy Buncio said.
In 2018, all listed companies within the SM group published comprehensive sustainability reports, all of which were certified by GRI.
The 17 SDGs or Global Goals are a universal call to action to end poverty, protect the planet and ensure that people enjoy peace and prosperity.
For firms to operate over a long period, they must pay attention to things other than the financial bottom line. These include managing the impact on the global or local environment, community, society and economy.
To reflect their economic, environmental, social and governance performance, a sustainability report is issued by corporates and organizations.
The 2019 Summit brought together over 300 CEOs, sustainability innovators, experts and reporters from the business sector, civil society, government regulatory bodies, and development partners.
Thought leaders shared insights on the importance of driving sustainability in business, partnerships, supply chain transparency and Environmental, Social and Governance (ESG) reporting & investments to achieve the UN SDGs or Global Goals.