SM Investments Corp. (SMIC) continues to be recognized as a constituent company in the FTSE4Good Index Series for its strong environmental, social and governance (ESG) performance, securing its status for the second consecutive year.
SMIC’s property arm, SM Prime Holdings, Inc. (SMPH) and its banking arm BDO Unibank (BDO) were also re-confirmed as constituents of the FTSE4Good Index Series.
Global index provider FTSE Russell said SMIC, SMPH and BDO have been independently assessed according to the FTSE4Good criteria and have satisfied the requirements to become a constituent of the FTSE4Good Index Series. SMIC, SMPH and BDO sustained its rating following the index review in June 2020.
“We are honored by this recognition to be a part of the FTSE4Good Index Series for the second straight year. This reflects confidence in our holistic approach and integrated thinking to sustainability. We continue to drive significant progress in ESG initiatives across our portfolio to ensure business sustainability, support the national agenda and create stakeholder value,” SMIC president and chief executive officer Frederic DyBuncio said.
The FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong ESG practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
SMIC’s ESG scores outperform the subsector and industry average and rank above average of Philippine companies across environmental, social and governance themes.
SMIC is included anew in the FTSE4Good Emerging Index ranked among constituents in over 20 countries worldwide. The FTSE4Good Emerging Indexes are designed to measure the performance of companies in emerging markets that meet the globally recognized ESG inclusion standards used by the FTSE4Good Index Series.