SM Investments Corporation announced that the SM Group increased its renewable energy sourcing to 31 percent of total electricity consumption in 2025, up from 27 percent in 2024, as the conglomerate continued expanding cleaner energy use across its businesses.
The Group sourced around 730 million kilowatt-hours (kWh) of electricity from renewable energy sources during the year, helping avoid 370,644 metric tons of carbon emissions — equivalent to removing nearly 297,000 electric-powered passenger vehicles from the road for one year.
“For us, investing in renewable energy is both a sustainability and business decision,” said Frederic C. DyBuncio. “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.”
Leading the Group’s renewable energy efforts is Philippine Geothermal Production Company (PGPC), a wholly owned subsidiary of SM Investments operating the Mak-Ban and Tiwi steam fields in the provinces of Batangas, Laguna, and Albay.
The geothermal facilities currently supply steam capable of generating up to 400 megawatts of renewable energy for households, offices, and industrial facilities. PGPC is also developing six additional geothermal sites in Luzon with the potential to deliver another 400 megawatts of clean energy.
According to the company, the Mak-Ban and Tiwi steam fields alone can generate enough geothermal steam to power up to one million households annually.
DyBuncio said reliable and affordable energy remains essential not only for businesses but also for communities and the broader economy, adding that renewable energy — particularly geothermal power — can help strengthen long-term energy security while supporting economic growth.
Across the Group’s developments, SM Prime Holdings, Inc. has installed more than 200,000 solar panels across 69 properties as part of its energy efficiency initiatives.
Meanwhile, Alfamart recently installed solar panels at its Saraiya Distribution Center in Quezon Province with a solar peak capacity of 120.28 kilowatt-peak (kWp), aimed at improving operational efficiency within its supply chain network.
The Group’s banking units also continued supporting sustainable financing initiatives. As of end-2025, BDO Unibank, Inc. had funded PHP1.21 trillion worth of sustainable projects, including 71 renewable energy developments amounting to PHP177 billion.
For its part, China Banking Corporation provided PHP72 billion in financing for energy access, renewable energy, and energy efficiency projects in 2025.
SM Investments said it continues to integrate sustainability and operational efficiency across its retail, property, banking, and portfolio investment businesses.
