TIME, Statista Name Three SM Companies Among World’s Best Companies

TIME Magazine and Statista have recognized SM Investments Corporation, SM Prime Holdings, and China Banking Corporation as part of the World’s Best Companies for 2024.

SM continues to contribute to socio-economic growth, having generated over 131,000 jobs and supported more than 100,000 micro, small, and medium enterprises (MSMEs) to date. I Photo: Xiamen SM City Co., Ltd.

This prestigious accolade highlights the companies’ exceptional performance in employee satisfaction, revenue growth, and sustainability.

Frederic DyBuncio, President and CEO of SM Investments, expressed his gratitude, stating, “We are honored to be included among the world’s best companies, a testament to our commitment to responsible and inclusive development. This recognition underscores our dedication to creating shared value for all stakeholders while ensuring long-term sustainability.”

SM continues to contribute to socio-economic growth, having generated over 131,000 jobs and supported more than 100,000 micro, small, and medium enterprises (MSMEs) to date.

The company is also actively managing its environmental impact. In 2023, its subsidiary, Philippine Geothermal Production Company, achieved a steam output of 2,604.4 gigawatt-hours (GWh).

SM has planted 2.65 million trees and seedlings, protected 24 hectares of mangroves, and installed 23.3 megawatts peak (MWp) of solar panels across its malls.

The World’s Best Companies 2024 ranking is based on a detailed analysis that evaluates companies on three key dimensions: Employee Satisfaction, Revenue Growth, and Sustainability.

Employee satisfaction was assessed through surveys conducted in over 50 countries, gathering data from approximately 170,000 participants.

Companies with at least $100 million in revenue in 2023 were evaluated based on growth from 2021 to 2023. Sustainability was measured using Environmental, Social, and Governance (ESG) data from Statista’s ESG Database.