SM Investments Corp. said Friday that the SM Group’s renewable energy sourcing rose to 31 percent of total electricity consumption in 2025 from 27 percent a year earlier.
The SM Group sourced around 730 million kilowatt-hours of electricity from renewable energy sources during the year, helping avoid 370,644 metric tons of carbon emissions.
SM Investments said the emissions were 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,” SM Investments President and CEO Frederic DyBuncio said in a statement.
“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,” he added.
Leading the group’s renewable energy initiatives was Philippine Geothermal Production Co. (PGPC), an SM Investments subsidiary that operates the Mak-Ban and Tiwi steam fields in Batangas, Laguna and Albay.
The company said the geothermal facilities can 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 that could provide up to 400 more megawatts of renewable energy capacity.
SM Investments said the Mak-Ban and Tiwi steam fields alone can produce enough geothermal steam to power up to 1 million households annually.
“Reliable and affordable energy is important not only for businesses but also for communities and the broader economy. We believe renewable energy, particularly geothermal, can help strengthen long-term energy security while supporting economic growth,” DyBuncio said.
Meanwhile, SM Prime Holdings installed over 200,000 solar panels across 69 properties nationwide as part of its energy efficiency initiatives.
The group’s retail unit Alfamart recently installed solar panels at its Saraiya Distribution Center in Quezon province with solar capacity of 120.28 kilowatt-peak.
SM Investments added that its banking subsidiaries continue to expand sustainable financing initiatives.
BDO Unibank Inc. funded P1.21 trillion worth of sustainable projects as of end-2025, including 71 renewable energy developments amounting to P177 billion.
Meanwhile, China Banking Corp. provided P72 billion in financing for energy access, renewable energy and energy efficiency projects in 2025.
SM Investments shares rose by P10.00 to close at P608 each on Friday.
