SM Investments Corporation (SM Investments) has been honored with prestigious awards at the 21st Annual International Business Awards (IBAs), one of the world's leading business awards programs. The company received a Gold Stevie for Company of the Year in the Conglomerates category and a Silver Stevie for Best Annual Report.
The Gold Stevie Award acknowledges SM Investments' remarkable growth trajectory, evolving from a small shoe store in Manila into one of the Philippines' largest and most diversified conglomerates. This accolade highlights the company's steadfast dedication to its customers across its extensive network in retail, property, banking, and investment sectors. Judges praised SM Investments for its significant financial achievements, strong commitment to sustainability, and its substantial contributions to social welfare and the Philippine economy.
Frederic DyBuncio, President and CEO of SM Investments, expressed his gratitude for the recognition, stating, "This recognition inspires us to deliver products and services that matter to our customers while positively impacting the communities we serve. We hope to continue growing with our stakeholders and contribute to a more sustainable future."
The company's influence on the Philippine economy is considerable, supporting over 130,000 jobs and assisting more than 100,000 micro, small, and medium enterprises (MSMEs). SM Investments' commitment to sustainability is further demonstrated through its SM Foundation, which supports education, healthcare, and community welfare, benefiting over 1 million Filipinos and thousands of scholars.
In addition to the Gold Stevie, SM Investments' Integrated Report 2023, themed "Committed to Our Customers," earned a Silver Stevie for Best Annual Report. This award recognizes the report's clear and effective communication, adherence to global reporting standards, and dedication to transparency and customer satisfaction. The previous year's report, Integrated Report 2022, also received a Bronze Stevie in the same category.
The Stevie Awards, known for honoring global business excellence, attracted over 3,600 entries from organizations across 62 countries and territories for the 2024 awards. These accolades affirm SM Investments' leadership and positive impact on both the business world and the communities it serves.
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