SM Prime is Building for a Smarter, Cleaner Energy Future

SM Prime Holdings, Inc. (SM Prime) continues to lead the way in sustainable property development, delivering low-carbon office spaces and climate-smart retail environments through energy efficiency initiatives, on-site renewable solutions, and strategic long-term partnerships.

A sustainable future for all. The iconic SM Mall of Asia, the world’s 6th largest mall, has become a sustainable retail shopping destination. Its physical and economic resilience stands as a testament to SM Prime’s commitment to sustainable business strategies.

From efficiency to impact

SM Prime has implemented programs such as lighting upgrades, improved air conditioning and ventilation systems (ACVS), and optimized building management systems since the 1990s —significantly reducing emissions, proving that energy efficiency delivers environmental and economic benefits. In 2024, SM Supermalls reduced electricity use by 38%, avoiding 156,736 metric tons of greenhouse gas emissions (GHG) and saving ₱2.3 billion.

In the recently concluded 5th Energy Efficiency Excellence Awards of the Department of Energy (DOE), SM Prime’s business units, namely, SM Supermalls, SM Offices, and SM Hotels, was awarded multiple Certificates of Excellence.

This success reflects collaboration among engineering teams, service providers, tenants, and customers, driven by the company’s leadership and commitment to the SM Green Movement.

Renewable energy milestones

A historic 100MW milestone. At Quezon City, the SM North Edsa, the first Philippine mall to use clean energy with rooftop solar photovoltaic systems, continues to deliver SM Prime’s people-centric sustainable retail spaces.

Guided by its goal of Net Zero by 2040, SM Prime is making decarbonization practical, reliable, and scalable. At SM City North Edsa, it recently celebrated a milestone for clean energy in the country, with 59 properties generating a combined 100 megawatts (MW) of on-site renewable energy—one of the largest solar capacities among property developers in the Philippines.

Today, more than 50% of energy use across SM Supermalls comes from renewable sources, supported by partnerships with Aboitiz Renewables, TotalEnergies, Citicore Renewable Energy Corporation, and leading solar providers. This collaborative approach empowers communities while building a safer and more sustainable future.

Working with WWF-Philippines, SM Prime has committed to the Science-Based Targets initiative (SBTi) and is working towards its near and long-term targets.

Retail architecture working with nature

Technology meets nature. In SM City East Ortigas, natural light brightens the food hall, and retrofitted lighting produces significant energy savings.

At the heart of SM Prime’s energy strategy is the creation of sustainable, resilient spaces that enrich experiences for the community. Across its malls, SM integrates passive design elements—high ceilings, large atriums, skylights, open spaces, and natural ventilation—reducing daytime energy consumption while offering brighter, breezier, and more welcoming spaces for relaxation, dining, and shopping.

Smart solutions such as motion-sensor escalators, solar-powered outdoor spaces, and energy-conscious cooling systems make SM Supermalls a top retail destination for tenant-partners and customers alike.

Shared climate benefits for all

“Customer expectations evolve quickly. When our leaders first initiated this project, it was in the early days of learning about the impact of our consumption on the planet. Now, brands – whether big luxury labels or small and medium enterprises – are looking for partners who invest in circularity and ESG impacts,” said SM Supermalls president Steven Tan.

As SM Prime continues to scale its energy programs, its SM Green Movement builds a resilient energy infrastructure to create a safe, comfortable, and welcoming space for its communities.

“We are committed to making our malls as energy efficient as possible by implementing advanced technologies and best practices. SM Supermalls will keep expanding its sustainability efforts to reduce environmental impact and improve the quality of life for both the planet and the communities we serve,” said Tan. (SM Prime)

SM Prime receives a Green Legacy Award

SM Prime Holdings receives recognition at the Department of Environment and Natural Resources – NCR Green Legacy Awards 2025 for Greenership: Building a Sustainable NCR Together. The Philippines’ largest property developer leads initiatives on waste management and water conservation, which aligns with the government’s commitment to ensuring that the next generation can enjoy greener, better communities and cities.

 

In each of its environmental sustainability programs, SM Prime highlights the commitment and impact created in multi-sector collaborations. Public private partnerships remain instrumental in fulfilling the nationwide responsibility to people, planet and prosperity. (SM PRIME)

Radisson Hotel Group signs three strategic hotels in the Philippines, introducing a dual brand at SM Mall of Asia and expanding in Santa Rosa

Radisson Hotel Group has signed three new properties in the Philippines, with SM Hotels and Conventions Corporation strengthening its presence in Metro Manila and Greater Manila and reinforcing the country’s role in the Group’s growth strategy. The signings introduce a dual-branded complex at the SM Mall of Asia and add a new hotel in Santa Rosa’s SM Neo Verde development.

From left to right – Radisson Hotel Group (RHG) Executive Vice President & Global Chief Development Officer Elie Younes; Radisson Hotel Group (RHG) Chief Executive Officer Federico J. Gonzalez; SM Hotels & Conventions Corporation (SMHCC) President Elizabeth T. Sy; and SM Hotels & Conventions Corporation (SMHCC) Executive Vice President Peggy E. Angeles sign three new properties in the Philippines.

This year, Radisson Hotel Group celebrates 15 years in the Philippines, following the opening of Radisson Blu Hotel Cebu as the Group’s first operating hotel in the country. One hotel has grown into a diversified portfolio of six hotels in operation with 1,436 keys, and fifteen more under development, adding a further 3,090 keys.

Ms. Peggy Angeles, SM Hotels & Conventions Corporation Executive Vice President, said that “As SM Hotels and Conventions Corporation (SMHCC) continues to expand its footprint in key growth areas across the Philippines, these three upcoming hotels reflect our commitment to elevating the country’s hospitality landscape through meaningful, future-ready developments. The dual-brand complex at the SM Mall of Asia and Park Inn by Radisson SM Neo Verde are purposefully designed to meet the evolving needs of business, leisure, and MICE travelers. We are pleased to strengthen our long-standing partnership with Radisson Hotel Group as we seamlessly work together to create integrated destinations that drive tourism, enrich communities, and contribute to national economic growth.”

From left to right – Radisson Hotel Group (RHG) Executive Vice President & Global Chief Development Officer Elie Younes; Radisson Hotel Group (RHG) Chief Executive Officer Federico J. Gonzalez; SM Hotels & Conventions Corporation (SMHCC) President Elizabeth T. Sy; and SM Hotels & Conventions Corporation (SMHCC) Executive Vice President Peggy E. Angeles sign three new properties in the Philippines.

“SM Mall of Asia and Santa Rosa are high-conviction locations that match our brand ladder and our owners’ ambitions. The dual brand will serve large-scale events and corporate demand while giving leisure travelers more choice, and Santa Rosa adds depth to our Greater Manila strategy with a mixed-use address that is set to grow,” said Ramzy Fenianos, Chief Development Officer, Asia Pacific, Radisson Hotel Group. “We are proud to expand with our trusted partner SM Hotels and Conventions Corporation SMHCC) in the Philippines, a market where we see sustained demand across segments and real momentum for quality conversions and new builds.”

Dual-brand at SM Mall of Asia, opening 2031

At the heart of the 67-hectare SM Mall of Asia Complex, the new mixed-use hospitality hub will bring together Radisson and Park Inn by Radisson under one address, offering travelers choice across business, meetings and events, and leisure.

Park Inn by Radisson SM Neo Verde render of facade

Radisson Hotel SM Mall of Asia Manila will feature 200 rooms, including 49 suites and a presidential suite. Thoughtfully designed social spaces include a lobby lounge bar, a specialty rooftop bar and restaurant of approximately 160 sqm, and a pool bar. The hotel will deliver a compelling meetings and events proposition with 3,486 sqm of total event space, anchored by a 2,160 sqm ballroom, alongside an executive lounge. Wellness and family-friendly amenities include a gym, an outdoor swimming pool, and an outdoor kids’ pool.

Park Inn by Radisson SM Mall of Asia Manila will add 300 rooms, including 45 suites, creating a seamless midscale complement within the same precinct. Guests will enjoy a coffee bar and pool bar, a gym, an outdoor swimming pool, and an outdoor kids’ pool. The broader Mall of Asia district includes one of the world’s largest retail destinations, major entertainment venues such as the SM Mall of Asia Arena, and the SMX Convention Center Manila. The SMXCITE, estimated to open by 2027, is expected to host roughly 20,000 attendees, increasing demand for rooms and flexible event space across the complex.

Park Inn by Radisson SM Neo Verde Santa Rosa, opening 2029

Located in the city center of Santa Rosa, approximately a 45-minute drive from Manila, Park Inn by Radisson SM Neo Verde Santa Rosa will bring 200 rooms, including 25 suites, to a fast-growing mixed-use address. The hotel will offer three F&B outlets and modern meetings and events facilities, supported by a well-rounded leisure program that includes a gym, an outdoor swimming pool, an outdoor kids’ pool, and outdoor play areas. The wider SM Neo Verde development will include the hotel, the SM Neo Verde Mall, and a new bus terminal that will serve as the city’s transportation hub by 2029, with office and residential towers planned in later phases. Opening is slated for 2029.

Strategic impact

These signings underscore Radisson Hotel Group’s commitment to invest and grow with leading local partners in locations that combine demand generators with long-term infrastructure plans. The SM Mall of Asia complex continues to anchor large-scale business, trade, and leisure visitation to Metro Manila, while Santa Rosa advances as a Greater Manila hub with enhanced connectivity and mixed-use momentum. Together, the three hotels will broaden choice for travelers, deepen Radisson Hotel Group’s brand presence, and support job creation and tourism growth across the Philippines. (SM PRIME)