In a significant shift towards sustainability, SM Investments Corp. (SMIC) has ramped up its renewable energy sourcing, achieving 31% of total electricity consumption in 2025, up from 27% the previous year. This move highlights the conglomerate's commitment to integrating cleaner energy solutions across its diverse operations.
This transition reflects a strategic decision by SMIC, as expressed by President and CEO Frederic C. DyBuncio. He noted, “For us, investing in renewable energy is both a sustainability and business decision.” By focusing on renewables, SMIC aims to manage long-term energy costs effectively while enhancing operational efficiency. This approach is designed to strengthen the resilience of the business and better serve various stakeholders, including customers and communities.
SMIC’s renewable initiatives have resulted in substantial energy production, with the conglomerate sourcing approximately 730 million kilowatt-hours from renewable sources in 2025. This commitment has led to a reduction in carbon emissions totaling 370,644 metric tons, which is akin to removing around 296,954 electric-powered passenger vehicles from the roads for a year.
DyBuncio emphasized the broader implications of renewable energy, stating, “Reliable and affordable energy is important not only for businesses, but also for communities and the broader economy.” He expressed confidence that geothermal energy, in particular, could significantly enhance long-term energy security while promoting economic growth.
The backbone of SMIC's renewable energy efforts is its subsidiary, the Philippine Geothermal Production Company. This entity oversees the Makiling-Banahaw (Mak-Ban) and Tiwi geothermal steam fields located in Batangas, Laguna, and Albay, which have a combined generating capacity of up to 400 megawatts (MW). This output is enough to meet the annual energy needs of approximately one million households.
Looking ahead, SMIC is actively developing six additional geothermal sites across Luzon, projected to add another 400 MW of generating capacity. This expansion aligns with SMIC's sustainability goals and enhances operational efficiency across various sectors, including retail, property, banking, and investments.
As the demand for sustainable energy solutions grows, SMIC’s proactive measures not only support environmental goals but also position the conglomerate as a leader in the renewable energy sector. The ongoing initiatives reflect a dual focus on ecological responsibility and business viability, setting a benchmark for others in the industry to follow.