SCPW president Arch. Celestino Ulep leads a discussion on nature-based architecture during the fourth SCPW Wetland Center Design Symposium. Photo from SCPW As the world celebrated the International Day for Biological Diversity 2023, SM Prime Holdings Inc. (SM Prime) joined the Society for the Conservation of Philippine Wetlands, Inc. (SCPW) hosted the fourth SCPW Wetland Center Design Symposium on May 29th at the MAAX Building in the Mall of Asia Complex. Bannering the theme "Build Back Biodiversity: Wetland Centers and Nature-Based Architecture," the hybrid symposium featured presentations on fostering knowledge and awareness about wetland conservation and innovative design approaches.
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SCPW, UAPSA join hands with SM Prime in promoting wetland conservation
Invest in rainwater collection
At the multi-stakeholder forum, “Towards a Greener Footprint”, in Iloilo City recently, Environment Secretary Maria Antonia Yulo-Loyzaga shared solutions-focused guidelines to help the local government reduce carbon footprint, with emphasis on water conservation to address the looming water crisis and increase access to safe water and sanitation. From left to right: Iloilo City Mayor Jerry Trenas, journalist Ces Drilon, Secretary Loyzaga, urban planning and landscape architect Paulo Alcazaren, United Architects of the Philippines (UAP) co-chair Michaela Rossette Santo-Tayag and SM Supermalls Vice President for Corporate Compliance Liza Silerio. Photo credits to Arnold Almacen/Iloilo City Office of the Mayor. Sec Loyzaga: Invest in rainwater collection DENR, SM Prime calls on cities to innovate and invest in water-saving technologies to avert water crisis The Department of Environment and Natural Resources (DENR) and SM Prime Holdings, Inc. (SM Prime), one of the leading real estate developers in Southeast Asia, recently called on local public officials to avoid the extraction of groundwater and, instead, invest in rainwater collection for recycling and impoundment, as well as explore new technologies such as modular desalination and modular sewage treatment plants, to manage the effects of climate change on the country’s water resources. At the multi-stakeholder forum, “Towards a Greener Footprint”, in Iloilo City recently, Environment Secretary Maria Antonia Yulo-Loyzaga shared solutions-focused guidelines to help the local government reduce carbon footprint, with emphasis on water conservation to address the looming water crisis and increase access to safe water and sanitation. “We need to invest in the appropriate engineering and infrastructure to deliver water from the source,” Secretary Loyzaga said. “We must avoid, if not reduce drastically, the extraction of groundwater which in low-lying coastal areas causes subsidence and increases flooding.” “Rainwater catchments will not only provide additional supply for household use but will also help ensure the availability of surface water through the maintenance of watershed cover when impounded,” Secretary Loyzaga said. Based on the latest report of the Philippine Statistics Authority, water abstracted for own use increased from 215.2 billion cubic meters (bcm) in 2020 to 217.8 bcm in 2021 countrywide. From 2010 to 2021, the largest amount of self-abstracted water is for the power sector (58.7%). This was followed by agriculture (33.5%); mining and quarrying, manufacturing, and construction (5.3%); and services sector and households (2.6%). Earlier this month, the DENR said the country still has enough water supply, but proper management is needed to prevent a possible water crisis by the end of the year. The call was met with a resounding response from the private sector, particularly, SM Prime. In the same forum, SM Supermalls Vice President for Corporate Compliance Engr. Liza B. Silerio shared how SM Prime has stepped up the sustainability programs that it has been doing since SM Supermalls started recycling water in the 1990s. From rainwater catchment to help deter flooding in communities where its malls are located, SM Prime also pioneered the mall-based rainwater filtration system that converts the collected rainwater to be potable enough for washing, cleaning and even drinking. Launched at SM City Baguio, the facility will supply mall tenants with enough potable water to help reduce sourcing from the communities’ water table. “As an integrated property developer, we have seen the first-hand effects of natural hazards that are caused by the change in weather patterns in the Philippines,” Engr. Silerio explained. “El Nino and La Nina are two phenomena resulting from climate change. Our country ranks number one in the World Risk Index 2022 report as the most vulnerable among 193 nations.” Faced with this challenge, Engr. Silerio shared that SM Prime will continue to find innovative ways to address the climate challenges. “We continue to evolve and adapt technology to improve our resource consumption as part of our climate action,” she concluded. |
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SM Prime taps Citicore Renewables for the supply of Clean Energy
(From left to right) SM Prime Energy Consultant Jaime Patinio, SM Prime Chief Finance Officer John Nai Peng Ong, SM Prime President Jeffrey Lim, CREC Chairman Edgar Saavedra, CREC President & CEO Oliver Tan, CREC Sr. Manager Sales & Energy Trading Jerard Garcia |
SM Prime Holdings, Inc. (SM Prime) and Citicore Renewable Energy Company (CREC) signed a Memorandum of Agreement on 11 July 2023 as a joint commitment to champion renewable energy.
Through this partnership, SM Prime will source its energy requirements of up to 90 megawatts (MWac) from CREC’s upcoming Lumbangan Solar Power Plant in Tuy, Batangas. The long-term agreement will commence in the first half of 2024. This is in line with the Retail Competition and Open Access (RCOA) policies of the Department of Energy.
This development further strengthens both CREC and SM Prime's commitment to the Department of Energy's program of moving up the renewable energy supply component of the Philippines to 35% by the year 2030.
“This partnership marks our strong commitment to providing sustainable operations in our developments nationwide. It is aligned with SM Prime's target of achieving net zero by the year 2040. SM Prime ensures that its risk-informed investments catalyze sustainable development and positive change in the communities where it operates,” said Mr. John Ong, SM Prime Chief Finance Officer.
The agreement with SM Prime adds to CREC’s long list of blue-chip company partners, attesting to the company’s solid performance and service excellence.
“We are happy to partner with SM Prime in providing clean and safe renewable energy for their power requirements,” said Mr. Oliver Tan, CREC President. “We believe that their support and trust in us through this partnership reflects our commitment as a renewable energy provider, and we are glad that SM Prime shares in our vision of a sustainable future,” Mr. Tan added.