SM Investment Corporation (SMIC), a leading Philippine conglomerate, has emphasized the importance of adopting sustainable practices and investing in renewable energy for reducing greenhouse gas emissions. SMIC consultant and head of sustainability and investor relations, Timothy Daniels, discussed the company's efforts to reduce emissions and the impact of these initiatives on its operations.
At the recent MUFG NOW Manila forum, SMIC stated that the deepening of environmental concerns and the urgency of addressing climate change mandates the expansion of renewable energy sources and energy efficiency measures.
The company has invested heavily in renewable energy projects. SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility at the Malubog Reservoir in Cebu, which generates 4.99 megawatts of electricity, ensuring that the mine's power requirement can be met.
SMIC has also increased its investments in renewable energy through Philippine Geothermal Production Co., which manages geothermal steam fields in Southern Luzon.
SMIC's banking subsidiary, BDO Unibank, has provided approximately PHP1.2 trillion (around USD24 billion) in sustainable financing, supporting 71 renewable energy projects with a combined installed capacity of 6,165 MW.
Despite a 0.17% drop in SMIC shares to PHP589 per piece on Tuesday.
SM Investment Corporation, a prominent Philippine conglomerate, emphasizes the significance of embracing sustainable practices and investing in renewable energy sources for reducing greenhouse gas emissions.
During the MUFG NOW Manila forum, SMIC revealed that increasing environmental concerns and the urgency of tackling climate change necessitates the expansion of renewable energy sources and energy efficiency measures.
The company has made significant investments in renewable energy projects. SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility at the Malubog Reservoir in Cebu, which generates 4.99 megawatts of electricity, guaranteeing the mine's power requirements are met.
SMIC has also increased its investments in renewable energy through the Philippine Geothermal Production Company, which manages geothermal steam fields in Southern Luzon.
SM Investment Corporation's banking subsidiary, BDO Unibank, has provided approximately PHP1.2 trillion (around USD24 billion) in sustainable financing, supporting 71 renewable energy projects with a combined installed capacity of 6,165 MW.
Despite a 0.17% decrease in SMIC shares reaching PHP589 per piece on Tuesday.
SM Investment Corporation, a leading Philippine conglomerate, emphasizes the importance of embracing sustainable practices and investing in renewable energy sources to reduce greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC highlighted the importance of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility on Malubog Reservoir in Cebu, which generates 4.99 megawatts of electricity, ensuring the mine meets its power requirements.
SMIC has also expanded its investments in renewable energy through the Philippine Geothermal Production Company, which manages geothermal steam fields in Southern Luzon.
SM Investment Corporation's banking subsidiary, BDO Unibank, has provided approximately PHP1.2 trillion (around USD24 billion) in sustainable financing, supporting 71 renewable energy projects with a combined installed capacity of 6,165 MW.
Despite a 0.17% share price decrease to PHP589 per share on Tuesday.
SM Investment Corporation, a prominent Filipino conglomerate, emphasizes the significance of embracing sustainable practices and investing in renewable energy sources to reduce greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC highlighted the vital role of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility in Malubog Reservoir, Cebu, which generates 4.99 megawatts of electricity, ensuring the mine meets its power requirements.
SMIC has also increased its involvement in renewable energy through the Philippine Geothermal Production Company, which manages geothermal steam fields in Southern Luzon.
SM Investment Corporation's banking subsidiary, BDO Unibank, has provided approximately PHP1.2 trillion (USD24 billion) in sustainable financing, supporting 71 renewable energy projects with a combined installed capacity of 6,165 MW.
Despite a 0.17% share price decrease to PHP589 per share on Tuesday.
SM Investment Corporation, a renowned Philippine conglomerate, underscores the importance of embracing sustainable practices and investing in renewable energy sources to reduce greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC highlighted the significance of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility in Malubog Reservoir, Cebu, that generates 4.99 megawatts of electricity, ensuring the mine meets its power requirements.
The corporation has also increased its involvement in renewable energy through the Philippine Geothermal Production Company, which manages geothermal steam fields in Southern Luzon.
Despite a 0.17% share price decrease to PHP589 per share on Tuesday.
SM Investment Corporation, a renowned Philippine conglomerate, underscores the importance of embracing sustainable practices and investing in renewable energy sources to minimize greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC emphasized the significance of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility in Malubog Reservoir, Cebu, which generates 4.99 megawatts of electricity, ensuring the mine meets its power requirements.
The firm has also increased its engagement in renewable energy through the Philippine Geothermal Production Company, which manages geothermal steam fields in Southern Luzon.
Despite a 0.17% share price drop to PHP589 per share on Tuesday.
SM Investment Corporation, a renowned Philippine conglomerate, highlights the importance of embracing sustainable practices and investing in renewable energy sources to reduce greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC emphasized the significance of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility in Malubog Reservoir, Cebu, which generates 4.99 MW, ensuring the mine meets its power requirements.
The company has also increased its involvement in renewable energy through the Philippine Geothermal Production Company, which oversees geothermal steam fields in Southern Luzon.
Despite a 0.17% share price drop to P589 per share on Tuesday.
SM Investment Corporation, a renowned Philippine conglomerate, underscores the importance of embracing sustainable practices and investing in renewable energy sources to reduce greenhouse gas emissions.
At the recent MUFG NOW Manila forum, SMIC emphasized the significance of addressing climate change and the need for expanding renewable energy sources and energy efficiency measures.
SMIC's mining unit, Carmen Copper Corporation, operates a 3-hectare floating solar facility in Malubog Reservoir, Cebu, which generates 4.99 MW, ensuring the mine meets its power requirements.
The company has also increased its involvement in renewable energy through the Philippine Geothermal Production Company, which oversees geothermal steam fields in Southern Luzon.
Despite a 0.17% share price drop to P589 per share on Tuesday.
SM Investment Corporation, a renowned Philippine conglomerate, reaffirms the importance of adopting sustainable practices and investing
