SM Group works with industry, gov’t for climate action, low-carbon economy

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SM Group works with industry, gov’t for climate action, low-carbon economy
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Timothy Daniels, consultant and head of investor relations and sustainability of SM Investments Corp., engages key private and public delegates during the Carbon PH Education Series on climate change actions in the Philippines. Daniels shares SM Retail’s Green Finds program, which offers sustainable and eco-friendly way for shoppers to have greener options.

“This involves careful decision-making and integrating sustainable practices into how our business is done,” he said. These insights were shared during an educational forum hosted by the Carbon PH Coalition. The forum was held at SMX Aura in Taguig on April 11 focused on the topic of Philippine Policy and Investment Environment for Nature-based Solutions.

The group is also actively involved in the review of House Bill 7705, which promotes a low-carbon economy and aims to ensure fair implementation of regulations on carbon emissions among businesses to achieve national climate targets.“The Philippines is one of 18 mega-biodiverse countries in the world. We only contribute 0.3 percent percent of global greenhouse gas emissions, and yet we are among the top three most vulnerable countries to the effects of climate change,” said Daniels.

“Government policies, together with private sector investments, can pave the path for stronger climate action,” said Borje. The venture aims to reduce the landfill impact of SM and develop an infrastructure for systemic waste management and resource recovery.

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