SM Prime: Smarter Water Management for a Resilient Future

Water is a limited resource, and many Philippine cities face pressure on their supply due to rapid urbanization and climate change. SM Prime Holdings, Inc. (SM Prime), one of the largest integrated property developers in Southeast Asia, prioritizes water efficiency as a core operational strategy to pave the way for a water-resilient future. 

One of the world’s largest shopping malls, the SM Mall of Asia remains a sustainable marvel thanks to its water-saving solutions.

The result is a portfolio-wide water intensity of 0.44 m³/m²/year, already surpassing water efficiency standards of some of the leading global benchmarks. 

For SM Supermalls, every chance to collect and conserve water is explored. Simple low-flow fixtures and the adoption of water-saving technologies prevent unnecessary consumption at scale. Recycling air conditioning condensate and processed water minimizes dependence on fresh water, and innovative approaches that capture portions of floodwater for non-potable use support sustainable water management.

Managing water through innovation. SM City Laoag achieves everyday water responsible practices by recycling non-potable water for landscaping and garden irrigation, cleaning, air conditioning systems, and toilet-flushing.

This efficiency means that for every square meter of mall space, SM Supermalls’ water use translates into millions of liters saved annually. 

Beyond equipment and systems upgrades, culturally integrating sustainability values is part of the solution. Water education campaigns for tenant-partners, employees, and mallgoers promote the wider sustainability campaign of the SM Green Movement.

SM Supermalls was ahead of the Clean Water Act in 2004. SM City North Edsa lessens its dependence on freshwater sources for non-potable uses, optimizing resource efficiency and reducing environmental impact. The mall’s Sky Garden’s 400-meter green roof development is a green space in the dense urban jungle.

Creating a sustainable mall experience like no other, SM Supermalls believes that investing in efficient and scalable water management systems also means bringing everyone together to ensure water for tomorrow. 

“Our mall water management systems are already at par with some of the best in the world. We do this because we understand that every liter saved eases the pressure on local water resources and secures our operations for the long term,” said SM Supermalls President Steven Tan.

 

Every drop makes a difference, and conserving the planet’s valuable resources is communicated through SM Cares’ large and unique community platform, whether in the malls or on social media. The interactive and visually rich content is especially appealing for the younger, digitally active millennial and Gen Z workforce.

 

“Our work in the malls is to make sure that we give you the best experience without compromising the needs of tomorrow, but of course, we cannot do it alone. When we combine all our actions as a community, no matter how big or small these are, we can all enjoy a water-resilient future,” said Tan.

 

About SM Green Movement

SM Prime Holdings, Inc. (SM Prime) is one of the largest integrated property developers in Southeast Asia, committed to creating sustainable, innovative, and inclusive spaces for Filipinos. Guided by its vision of building a better future, SM Prime develops malls, residences, offices, hotels, and leisure properties that support the growth of communities across the Philippines.

 

Through the SM Green Movement, SM Prime champions sustainability by focusing on waste management, water stewardship, and energy efficiency for lasting impact. The movement empowers individuals, families, and communities to take part in simple acts that create shared prosperity for generations to come. (SM PRIME)

SM Prime Nine-Month Net Income Rises 10% to P37.2 Billion

SM Prime Holdings, Inc. (SM Prime) reported an 8 percent year-on-year increase in third-quarter net income to P12.8 billion from P11.8 billion, lifting nine-month profit to P37.2 billion, up 10 percent from P33.9 billion a year earlier. The growth was driven by higher contributions from the mall and convention center segments.

Mall of Asia Complex: SM Prime’s Flagship Integrated Property Development.

“Our malls remain strong anchors for growth,” said SM Prime President Jeffrey C. Lim. “Their performance was driven by regional expansion, the upgrading of flagship malls, and the introduction of more experiential retail and dining concepts.”

Total revenues from January to September rose 4 percent to P103.4 billion from P99.8 billion. Malls accounted for 59 percent of consolidated revenues, increasing 7 percent to P61.0 billion from P57.3 billion due to the addition of leasable space and tenants.

The residential segment, covering both core and leisure projects, contributed over 31 percent of total revenues, easing 2 percent to P32.6 billion from P33.1 billion due to slower revenue recognition from mid-segment developments.

Hotels and Convention Centers registered the strongest growth at 9 percent, rising to P6.0 billion from P5.5 billion on the back of higher MICE bookings. The segment contributed nearly 6 percent to consolidated revenues.

Revenues from Offices and Warehouses, which represented almost 4 percent of the total, remained steady at P4.0 billion, reflecting temporary tenant relocations during renovation works in two warehouses.

“The residential and office segments were tempered by macroeconomic conditions, but recovery initiatives are underway,” Lim added.

Capital expenditures reached P59.3 billion in the first nine months, an 11 percent increase from the same period last year, driven by ongoing mall and residential projects. The remainder went to estate, hotel and convention center developments.

SM Prime ended the period with a net debt-to-equity ratio of 46:54 and an interest coverage ratio of 7.1x. Total assets reached P1.08 trillion, with investment properties accounting for 60 percent, while cash and cash equivalents stood at P33.2 billion. (SM PRIME)

SM City Mindpro Joins Nationwide Simultaneous Earthquake Drill

In support of the government’s efforts to strengthen disaster preparedness and resilience, SM City Mindpro actively participated in the Nationwide Simultaneous Earthquake Drill (NSED) held yesterday, November 6, at 9:00 AM.

 

The activity was joined by mall employees, tenants, and affiliates, all of whom took part in the evacuation drill to ensure readiness in the event of an actual earthquake. The Emergency Response Team (ERT) of SM City Mindpro was also activated, demonstrating proper emergency protocols and coordination during the exercise.

 

The drill simulated earthquake conditions, prompting a smooth and orderly evacuation of participants to the designated open area in Campaner Street. This initiative forms part of SM’s continuing commitment to safety, preparedness, and community resilience, aligning with its long-standing partnership with the Office of Civil Defense (OCD) and the National Disaster Risk Reduction and Management Council (NDRRMC).

 

“Through regular participation in these nationwide drills, we ensure that our employees, tenants, and customers are well-informed and ready to respond effectively during emergencies,” said Engr. Rommel Bellen, Assistant Mall Manager of SM City Mindpro.

 

SM Supermalls upholds its advocacy on safety and sustainability, continuously enhancing emergency response protocols and disaster readiness measures across all its malls nationwide.