SM’s portfolio to be powered by 50% renewables by year-end - BusinessWorld Online

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SM PRIME Holdings, Inc. is on track to achieve its goal of increasing the use of renewable energy to 50% of its property portfolio by the end of 2022, a company official said.

Hans T. Sy, president of SM Engineering Design and Development Corp., said SM Prime’s long-term deal with Aboitiz Power Corp. calls for the supply of Cleanergy across its portfolio.

Timothy Mark Daniels, head of investor relations and sustainability at SM Investments Corp. , said SM Prime is on track to achieving its renewables target. SM Prime has been leading the sustainability activities of the group as it has the largest physical footprint, he said.

 

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