The critical consensus according to global experts is that the world only has until 2030 before it reaches a tipping point. Beyond this, global experts believe it will be a “new normal of extremes” – extreme heat, extreme precipitation, extreme winds.
“As a company, SM wants to make sure that the Philippines keeps growing and is a sustainable place to live in,” Mr. Sy said in his remarks.
SM Prime Holdings, the SM Group’s property arm, is committed to deliver on its goal to increase its renewable energy portfolio to more than 50 percent this year.It recently announced a long-term deal with AboitizPower for Cleanergy supply. This long-term contract will power SM Prime properties, including malls, leisure homes, offices, hotels, and other establishments under the Retail Competition and Open Access by yearend.
On water recycling, SM’s sewage treatment plants recycle in total about 8.8 billion liters of water, equivalent to over 3,500 Olympic sized pools, lessening dependence on fresh water sources for air conditioning operations, gardening, water closet flushing and other non-potable uses. SM builds rain water catchments in its malls to harvest large volumes of rain water particularly in flood prone areas. In doing this, its 22 catchment basins help communities address flooding and optimize water as a scarce resource.
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