The household name is making every conceivable effort to ensure sustainability by helping create useful spaces and develop highly livable cities, from bicycle racks to water-efficient malls. smsupermalls
Sustainability in property development has become a more important matter especially after the game-changing effects of Covid-19. Having to redefine the use of spaces, people realized how instrumental real estate is in the journey towards a more sustainable way of life. With the threat of climate change and a growing population concern looming on the horizon, the need to build more sustainable and resilient cities is all the more emphasized.
Echoing these efforts, SM Prime continues on its transition to clean energy. Aside from investing in energy-efficient programs, the company is broadening its renewable energy investments. SM Prime targets to increase its demand for electricity sourced from renewables by more than 50 percent across all of its business segments by end of 2022, in support of the Department of Energy's goal of moving the country's renewable energy supply component up to 35 percent by the end of the decade.
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