SM Investments Corp. is recognized as among the top rated companies in its industry and among the top companies in Asia Pacific in the 2023 ESG companies list of the ratings firm Morningstar Sustainalytics.
SMIC in February received an ESG risk rating of 13.3 and assessed at low risk of experiencing material financial impact from environmental, social and governance (ESG) factors.
This means SMIC belongs to the strongly performing 6.7 percent of companies with the lowest ESG risk score within its peer group.
“We are honored to be cited by Morningstar Sustainalytics which reflects our commitment and initiatives towards sustainability, particularly good governance and risk management. In this period of global uncertainty, it is important for us to affirm our investors’ and stakeholders’ confidence in the company as a stable, sustainable and responsible proxy for Philippine development and growth,” SMIC president and CEO Frederic C. DyBuncio said.
SMIC said it adopted measures to mitigate risks including investments in technology, continuous training for personnel, regular audits and implementation of policies across the organization.
Morningstar Sustainalytics is a global provider of ESG research, ratings and data. Its ESG risk ratings measure a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks. The risk ratings cover more than 15,000 companies across 42 industries.
ESG is a framework that helps stakeholders understand how an organization manages risks and opportunities related to environmental, social, and governance criteria.
