- 13% increase in total emissions across all three scopes in 2023, reflecting increased projects.
- Global economic slowdown.
- Climate-related impacts affecting operations.
- Transition risks related to net-zero emissions and regulatory changes.
- Physical risks accelerating asset deterioration.
SM Prime Holdings, Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, SM Prime Holdings, Inc. disclosed greenhouse gas emissions of 1.6M tCO2e/year. By scope: Scope 1: 104.3K tCO2e/year; Scope 2: 674.6K tCO2e/year; Scope 3: 864.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.6M tCO2e/year
2023
Water Usage
7.3M m3/year
2023
Waste
165.8K tons/year
2023
Energy Use
1.9B kWh/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 104.3K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 674.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 864.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 1.6M tCO2e/year |
| 2020 | 968.8K MT CO2 |
| 2016 | 509.7K metric tons of CO2 (Scope 1 2 and 3 combined) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Significant transition toward clean energy sources and energy-efficient systems since 2020.
- Achieved a 61% water recycling rate in 2023.
- Recycled 13% of waste generated in 2023.
- Composted 5% of waste generated in 2023.
- Invested in biking, walking, and mass commuting infrastructure.
- Dedicated 10% of each property’s expenditure to sustainable and resilient design.
- Achieved Gold LEED certifications for several malls.
- Installed 34 electric vehicle charging stations across 28 malls.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve near-term science-based target by 2030.
- Achieve long-term science-based target by 2035.
🔭 Long-term
- Achieve Net Zero carbon emissions by 2040.
🌱 ESG Focus Areas
Environmental SustainabilitySocial ResponsibilityEconomic AdvancementClimate ResilienceShared Prosperity