SM INVESTMENTS CORP. (SMIC) increased its renewable energy sourcing in 2025, with cleaner energy accounting for 31% of total electricity consumption, up from 27% a yr earlier, because the conglomerate expanded renewable energy use across its operations.
“For us, investing in renewable energy is each a sustainability and business decision,” SMIC President and Chief Executive Officer Frederic C. DyBuncio said in a press release on Monday.
“It helps us manage long-term energy costs, improve operational efficiency, and construct more resilient businesses to raised serve our customers, tenants, communities, and other stakeholders,” he added.
The group sourced around 730 million kilowatt-hours of electricity from renewable energy sources in 2025.
Based on SMIC, the increased use of renewable electricity reduced carbon emissions by 370,644 metric tons in the course of the yr, akin to removing about 296,954 electric-powered passenger vehicles from the road for one yr.
“Reliable and reasonably priced energy is very important not just for businesses, but additionally for communities and the broader economy. We imagine renewable energy, particularly geothermal, may also help strengthen long-term energy security while supporting economic growth,” Mr. DyBuncio said.
The group’s renewable energy operations are led by Philippine Geothermal Production Company, which operates the Makiling-Banahaw (Mak-Ban) and Tiwi geothermal steam fields in Batangas, Laguna, and Albay.
The facilities have a combined generating capability of as much as 400 megawatts (MW), enough to produce around a million households annually.
SMIC said its geothermal subsidiary is developing six additional sites in Luzon with a combined potential capability of as much as 400 MW.
The conglomerate said sustainability and efficiency initiatives proceed across its retail, property, banking, and portfolio investment businesses.
Within the property segment, SM Prime Holdings, Inc. has installed greater than 200,000 solar panels across 69 properties.
Retail subsidiary Alfamart also installed solar panels at its Saraiya Distribution Center in Quezon Province, with a peak capability of 120.28 kilowatt-peak (kWp).
Meanwhile, the conglomerate’s banking units reported continued funding support for sustainability-related projects. BDO Unibank, Inc. financed P1.21 trillion value of sustainable projects as of end-2025, including P177 billion allocated to 71 renewable energy developments.
China Banking Corp. provided P72 billion in financing for energy access, renewable energy, and energy efficiency projects in 2025. — Alexandria Grace C. Magno