Shaping a Decarbonized Future for Malls 

With the 30^th Conference of the Parties (COP30) taking place in Belem, Brazil, this November,  the momentum to focus on lasting solutions for the planet’s climate crises comes at its most  critical time.  

For SM Prime Holdings, Inc., this means that the journey to Net Zero by 2040 becomes more  than a unifying force across its portfolio; it is the goal for strengthened implementation, sound  partnerships, and collective resilience. 

Empowered partnerships  

Security, affordability, and sustainability – these are known as the “energy trilemma” – challenges presently faced by businesses. It’s especially relevant for the future of property  development and urban resilience.

For SM Prime, a comprehensive and diversified energy mix is an approach that benefits  renewable energy producers and transforms the industry, and is the broader strategy to reduce  reliance on fossil fuels. 

SM Supermalls has already achieved more than 50% of renewable energy use across its malls  by leveraging partnerships with key renewable energy players and direct procurement 

This energy infrastructure reflects SM Prime’s significant investment in emerging technologies.  In 2022, SM Prime’s partnership with Aboitiz Renewables, Inc. (ARI) activated its strategic  plans, and in 2024, it further broadened its renewable-energy footprint by partnering with  TotalEnergies. The addition of Citicore Renewable Energy Corporation in 2025, along with the  steady increase of leading solar rooftop suppliers for SM Supermalls, helps meet the demands for renewables through on-site generation.   

This commitment to sustainable energy drives positive change and contributes to SM Prime’s  broader mitigation and adaptation strategies, supporting the country’s national framework in achieving its emission reduction targets.  

The festive Christmas Holidays at SM Supermalls. Powered increasingly by renewable  sources, SM malls continue to serve as vibrant community hubs—bright, welcoming spaces that reflect  SM Prime’s commitment to sustainable and resilient development.

Energy for the people 

Resilient communities and enduring partnerships for climate-smart urban centers are part of  these system shifts toward energy independence. It confirms that renewables are a strategic  asset, especially as they become affordable and community-serving, empowering businesses  nationwide.  

It also supports a sustainable lifestyle. For the SM Green Movement, this balance is achieved  by re-energizing neighborhoods to contribute to the climate crisis and offering more options to  become energy and fuel-efficient, while improving quality of life.  

“We started the journey with our energy efficiency programs in the 90s,” said SM Supermalls  President Steven Tan. “This lets us enjoy our mall spaces now because we maximize our  energy use, lower operational costs, while hopefully, reducing our emissions,”  

“Of course, we still have a long way to go. But we are trying to make renewable energy  accessible at scale to our malls – not just to create decarbonization value for the communities  we touch and work with – but to provide flexible, adaptive, and sustainable mall experiences.  Most importantly, a safer future for all,” said Tan.