SM Investments Corporation (SM Investments), the parent company of the SM Group, announced that the Group raised its renewable energy sourcing to 31% of total electricity consumption in 2025, compared to 27% in 2024. This increase reflects the Group's ongoing expansion of cleaner energy use across its businesses.
The Group sourced approximately 730 million kilowatt-hours (kWh) of electricity from renewable energy sources during the year. This shift to renewable electricity helped avoid 370,644.07 metric tons of carbon emissions, equivalent to taking around 296,954 electric-powered passenger vehicles off the road for one year.
Business and sustainability benefits
"For us, investing in renewable energy is both a sustainability and business decision," said SM Investments President and Chief Executive Officer 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."
Geothermal expansion
Leading the Group's broader renewable energy strategy is the Philippine Geothermal Production Company (PGPC), a wholly-owned subsidiary of SM Investments. PGPC currently operates the Mak-Ban and Tiwi steam fields in the Provinces of Batangas, Laguna and Albay, supplying geothermal steam that can generate up to 400 megawatts of clean renewable energy to power households, offices and industrial facilities around the clock.
PGPC is developing new geothermal sites in six locations in Luzon that have the potential to provide up to 400 additional megawatts of clean, renewable geothermal power for the country. The Mak-Ban and Tiwi steam fields in Laguna and Albay alone can generate enough geothermal steam to power up to one million households annually.
"Reliable and affordable energy is important not only for businesses but also for communities and the broader economy," Mr. DyBuncio added. "We believe renewable energy, particularly geothermal, can help strengthen long-term energy security while supporting economic growth."
Solar installations and sustainable financing
Across the Group's integrated developments, renewable energy adoption continues to expand. SM Prime Holdings, Inc. has installed more than 200,000 solar panels across 69 properties as part of its broader energy efficiency initiatives. Alfamart recently installed solar panels at its Saraiya Distribution Center in Quezon Province with a solar peak capacity of 120.28 kilowatt-peak (kWp), helping improve operational efficiency within its supply chain network.
Meanwhile, the Group's banking units continue to support sustainable financing initiatives. As of end-2025, BDO Unibank, Inc. has funded a total of PHP 1.21 trillion in sustainable projects, including 71 renewable energy developments amounting to PHP 177 billion. China Banking Corp. provided PHP72 billion in financing for energy access, renewables and energy efficiency projects in 2025.
SM Investments said the Group continues to integrate sustainability and operational efficiency across its retail, property, banking, and portfolio investments.
