SM Prime Holdings, Inc. (SM Prime), one of the leading integrated
property developers in Southeast Asia, is embarking on a unified waste
management and segregation campaign in response to the growing global crises on
waste. SM Prime aims to bring all its property groups and stakeholders toward
an #SMWasteFreeFuture.
According to the United Nations Environment Programme (UNEP), humanity
generates more than 2 billion tons of municipal solid waste annually, of which
45 percent is mismanaged. Without urgent action, municipal solid waste will
double to almost 4 billion tons each year by 2050. On December 14, 2022, the
United Nations General Assembly proclaimed March 30 as the International Day of
Zero Waste.
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The largest haul and biggest participation to-date: The 38th
International Coastal Clean-up had 17,000 volunteers across 15 SM Malls
in 12 locations nationwide. It is an annual community-driven partnership
between SM Supermalls, SM Cares, the DENR, LGU’s and the volunteers
from the SM community. |
The following year, UNEP inaugurated the First International Day of
Zero Waste, to bolster actions to address the global pollution crisis. It aims
to encourage global action and bring the world’s attention to zero waste.
Strong foundations
SM Prime’s founding leader, Henry Sy, believed that “business
growth and social development must go hand in hand.” The company follows
this guiding principle and has formed a sustainability policy that commits to
the following: Resource Conservation and Efficiency, Disaster Resilience,
Climate Advocacy, Social Integration, and Transparent Reporting.
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Scaled
to perfection: One of the first recycling markets the country, Trash-to-Cash’s
valuable example that waste can have monetary benefits. The recycling market is
held every first Friday and Saturday of the month in all SM Supermalls to
encourage waste segregation and recycling among SM customers, tenants, and the
community. The recycling market is open from 10:00 AM to 2:00 PM. |
Anchored on these sustainability commitments are the SM Supermalls’
Environmental Programs on Waste Management. Through its corporate social
responsibility arm, SM Cares, SM Supermalls has pioneered longstanding programs
such as the Trash to Cash recycling market, and provided support to the annual
International Coastal Clean Up, among other national events.
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Closing
the loop: SMHCC’s sustainability efforts are anchored on the 7Gs or Seven Green
Goals, based on the United Nations Sustainable Development Goals (UNSDG). The
overall thrust for sustainability is cascaded to the rest of properties,
ensuring that it is embedded at every step of the hotel’s operations, ensured
by property Sustainability Champions. |
In the hotel and tourism sector, SM Hotels and Conventions Corporation
(SMHCC) has taken the lead in mitigating global food waste by implementing
sustainable initiatives across its properties in the Philippines. Their key
initiatives include the World Wide Fund for Nature’s Sustainable Diner Program,
aiming to transform and help the food service sector minimize its impact on the
environment thru resource efficiency, plastic refusal and food waste management
and contribute to the world’s future food security.
To support these programs, SM Prime also recently unveiled its
waste-to-fuel partnership with GUUN Co. Ltd. (GUNN) to implement the Japanese
technique of reducing landfill impact. The technology converts non-recyclable
and hard-to-recycle packaging into alternative fuel.
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No
time to waste: Sorting through the amount of trash at the GUUN Facility in
Cebu. Unfit for recycling and reuse, the waste material recovered avoids the
landfill and is then reconverted to fuel resource. |
A Vision for an
#SMWasteFreeFuture
To mark the International Day of Zero Waste on March 30, 2024, SM
Prime is releasing its vision for an #SMWasteFreeFuture. “As a community, we strongly
believe in our ability to contribute to solving today's waste issues,”
said Hans “Chico” Sy, Jr., President of SM Engineering Design and Development
Corporation (SMEDD) and SM sustainability champion.
SM Prime’s announcement of its vision of an #SMWasteFreeFuture
demonstrates the company’s strong commitment and sustainability stewardship, by
inviting its stakeholders to engage in activities that will help spread
zero-waste awareness and work for a sustainable and environmentally responsible
approach on waste management.
“We understand that this may seem like a daunting challenge to overcome
However, by joining forces, we can create a world that our future generations
truly deserve – if we have the courage to take on this journey together,”
said Sy.
SM Prime remains committed to its role as a
catalyst for economic growth, delivering innovative and sustainable lifestyle
cities, thereby enriching the quality of life of millions of people. SM Prime
is pursuing the next horizon on integrated property development and onward to
building sustainable cities of the future. (SM Supermalls)