PASAY CITY, Philippines — Accelerating its transition away from fossil-fuel dependence, one of the country’s largest conglomerates has significantly modernized its power consumption grid. SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of its total electricity consumption.
The updated footprint marks a steady climb from the 27 percent green energy allocation logged by the conglomerate.
The massive shift across SMIC’s diverse business network represents a substantial reduction in institutional carbon emissions:
[2024 Green Energy Base] ──► 27% of Total Group Electricity Use │ ▼ (The 2025 Power Transition)[31% Renewable Mix Peak] ◄── Consumed 730 Million Kilowatt-Hours (kWh) of Clean Power
The 730 million kWh total allowed the SM Group to completely avoid 370,644 metric tons of carbon emissions. According to corporate environmental metrics, this reduction is equivalent to removing nearly 297,000 electric-powered passenger vehicles from public roads for an entire year.
While solar infrastructure remains highly visible, the true heavy lifter driving SMIC’s renewable energy percentage is its wholly owned subsidiary, Philippine Geothermal Production Co. (PGPC):
[ PGPC GEOTHERMAL POWER PROFILE ]
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[ ACTIVE OPERATIONS ] [ THE PIPELINE FUTURE ]
• Manages the prominent Mak-Ban and Tiwi steam fields operating • Actively developing six brand-new geothermal sites
across Batangas, Laguna, and Albay. spread across the Luzon landmass.
• Generates up to **400 Megawatts (MW)** of continuous energy, • Engineered to inject an additional **400 MW** of clean,
sufficient to power one million households annually. renewable baseload capacity directly into the national grid.
SMIC President and CEO Frederic C. DyBuncio emphasized that the multi-billion peso transition makes complete commercial sense alongside environmental goals. “For us, investing in renewable energy is both a sustainability and business decision,” DyBuncio stated. “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.”
The clean energy mandate ripples through every tier of SMIC’s property development, logistics, and multi-trillion peso banking arms:
- SM Prime Holdings Inc.: Property development field leaders have successfully installed more than 200,000 solar panels spread across 69 integrated real estate developments and mall complexes.
- Alfamart Philippines: The group’s neighborhood minimart chain recently shifted its logistics overhead to clean energy, installing a 120.28 kilowatt-peak (kWp) solar grid atop its primary distribution center in Sariaya, Quezon Province.
- BDO Unibank Inc.: As of the end of the recent financial cycle, the country’s largest private bank had funneled ₱1.21 trillion into sustainable financing, directly backing 71 massive independent renewable energy ventures with ₱177 billion in clear capital.
- China Banking Corp.: Paralleling BDO’s banking strategy, China Bank deployed ₱72 billion in tailored loans earmarked for energy access, commercial conservation, and green power projects.
By leveraging its massive market share to build a self-sustaining clean energy loop, SM Investments Corp. provides a scalable model for domestic enterprise. The transition proves that linking heavy retail, commercial real estate, and financial syndicates to real-world green initiatives can successfully stabilize long-term utility overheads while building strong protection for the country’s shared environment.