SM Group Boosts Renewable Energy Use to 31% by 2025

SM Investments Corporation, parent of SM Group, reported an increase in renewable energy sourcing to 31% of its electricity consumption in 2025, growing from 27% in the previous year. The shift involved sourcing approximately 730 million kWh from renewable sources, significantly reducing carbon emissions, equating to removing 296,954 electric vehicles from the road.

The Philippine Geothermal Production Company, a subsidiary, leads this initiative, operating vital steam fields producing up to 400 megawatts of clean energy. Further developments across Luzon could add similar capacity.

The Group continues expanding solar energy deployment, with 200,000 panels installed. Financially, its banking units support sustainable projects, funding PHP 249 billion in renewable initiatives by year-end 2025.