Home Blog Page 2995

Samsung Biologics reports second quarter 2025 financial results

  • Recorded Q2’25 consolidated revenue of KRW 1,289.9 billion
  • Recorded Q2’25 consolidated operating profit of KRW 475.6 billion
  • Solid momentum sustained through capacity ramp-up and stable project execution

INCHEON, South Korea, July 23, 2025 /PRNewswire/ — Samsung Biologics (KRX: 207940.KS), a leading contract development and manufacturing organization (CDMO), today announced its financial results for the second quarter of fiscal year 2025.

“Our second quarter results demonstrate continued strong momentum across our business,” said John Rim, CEO and President of Samsung Biologics. “With Plant 5 now fully operational, we are leveraging our manufacturing expertise and expanded capacity to deliver seamless, end-to-end CDMO services at scale. We have broadened our portfolio with advancements in antibody-drug conjugates (ADCs) and the launch of research services, Samsung Organoids, further reinforcing our ability to offer a wider range of innovative solutions to clients. Additionally, we are redefining digitalization in biomanufacturing, harnessing advanced digital tools to deliver greater transparency, speed, and value—setting new standards in the industry. These strategic initiatives will continue to strengthen our ability to accelerate client pipelines, while fostering enduring partnerships grounded in quality and operational excellence.”

SECOND QUARTER 2025 RESULTS

Samsung Biologics posted consolidated revenue of KRW 1,289.9 billion and operating profit of KRW 475.6 billion in the second quarter of 2025. On a standalone basis, the company reported revenue of KRW 1,014.2 billion and operating profit of KRW 477.0 billion. The growth was buoyed by the full utilization of Plants 1 through 3 and the continued ramp-up of Plant 4.

In the first half of 2025, standalone revenue surpassed KRW 2 trillion, reflecting consistent momentum across all manufacturing plants. Sales contract volume in the first half reached USD 2.4 billion, bringing up the cumulative value to USD 18.7 billion.

[Consolidated Earnings, KRW billion]   

Q2’25

Q2’24

YoY Change

Revenue

1,289.9

1,156.9

133.0

Operating Profit

475.6

434.5

41.1

EBITDA

653.8

582.6

71.2

BUSINESS UPDATES

In April, Samsung Biologics added 180 kL of capacity with Plant 5 to better meet clients’ manufacturing needs. The facility, equipped with advanced automation and digital systems, integrates best practices and features from existing plants to ensure consistent operations and the highest quality standards.

The company also broadened its service offering with the launch of research services, Samsung Organoids, which utilizes patient-derived organoids to support drug discovery and development. Samsung Organoids enables precision screening to predict patient-specific drug responses and provides clients with multi-modal insights to effectively support early-stage decision making.

In May, Samsung Biologics announced plans to spin off its wholly-owned subsidiary, Samsung Bioepis. Through the financial and legal separation, the company will focus on strengthening its core capabilities as a pure-play CDMO, enhancing customer satisfaction and proactively responding to the industry’s greater demands to ultimately maximize corporate value and sustainable growth potential.

On the sustainability front, the company released its 2025 ESG report in June, outlining progress in areas including enhanced disclosure standards, an accelerated path to net-zero, and TNFD-aligned risk management. As part of its decarbonization efforts, Samsung Biologics achieved a 24% reduction in greenhouse gas emissions in 2024 compared to the previous year and increased its renewable energy use to 29% of total electricity consumption. The company also signed an additional solar Power Purchase Agreement to further support its energy transition. Beyond operations, Samsung Biologics is actively engaged in collaborative efforts through the Sustainable Market Initiative to decarbonize healthcare supply chains and promote global environmental responsibility.

About Samsung Biologics

Samsung Biologics (KRX: 207940.KS) is a leading contract development and manufacturing organization (CDMO), offering end-to-end integrated services that range from late discovery to commercial manufacturing.

With a combined biomanufacturing capacity of 784 kL across five plants, Samsung Biologics leverages cutting-edge technologies and expertise to advance diverse modalities, including multispecific antibodies, fusion proteins, antibody-drug conjugates, and mRNA therapeutics.

Samsung Biologics operates a global network with facilities and offices in Korea, the U.S., and Japan. Samsung Biologics America supports clients based in the U.S. and Europe, while its Tokyo sales office serves the APAC region.

Samsung Biologics continues to invest in new capabilities to maximize operational and quality excellence, ensuring flexibility and agility for clients. The company is committed to the on-time, in-full delivery of safe, high-quality products, as well as making sustainable business decisions for the betterment of society and global health.

For more information, please visit https://samsungbiologics.com/.

Samsung Biologics Media Contact

Claire Kim, Head of Marketing & Global Communications
cair.kim@samsung.com 

Asian markets accept that free trade with the US is a thing of the past, says UOBAM

SINGAPORE, July 23, 2025 /PRNewswire/ — Asian markets have continued to demonstrate resilience, even in the face of US tariffs. In a Special Report published today, UOB Asset Management (UOBAM) assesses that Asian markets could even rally if negotiations ahead of the new 1 August deadline result in improved rates relative to those announced in April. The implication here is that investors no longer expect a return to previous trading arrangements but are nevertheless sanguine about the region’s ability to withstand moderate tariffs.

Colin Ng, UOBAM’s Head of Asian Equities, explains, “The majority of Asian economies are likely to recover relatively quickly from the direct impact of US tariffs. A slowdown in exports to the US can be offset by trading with other countries, and in particular, with their Asian neighbours”

“This is because, on the one hand, more and more Asian companies are building globally recognisable brands, and on the other, the Asian consumer base is now large and affluent enough to absorb these products. That is why ASEAN has taken over from the US as China’s biggest trading partner.”

The UOBAM Special Report, entitled “Will US tariffs detail Asia’s growth?” looks at the short- and longer-term implications of US tariffs on seven markets in Asia, including the big exporters such as Korea, Taiwan region and Singapore as well as those more domestically-focused such as Malaysia and Indonesia.

Ng warns that the risk to Asian economies comes instead from the indirect impact of US tariffs, that is. if the tariffs result in a global growth slowdown or a recession. This is turn would cause the global demand for Asian exports to shrink. However, based on the economic data released so far, Ng says this is not UOBAM’s base case.  

Read the full report: https://www.uobam.com.sg/insights/will-us-tariffs-derail-asia-growth.page

About UOB Asset Management

UOB Asset Management Ltd (UOBAM) is a wholly-owned subsidiary of United Overseas Bank Limited. Established in 1986, UOBAM has nearly 40 years of experience in managing collective investment schemes and discretionary funds in Singapore, making us among the largest unit trust managers by assets under management. As of 30 June 2025, we manage 65 unit trusts in Singapore and together with our subsidiaries, oversees S$37.6 billion in clients’ assets.

Headquartered in Singapore, UOBAM has a strong presence across Asia, with business and investment offices in Brunei, Indonesia, Japan, Malaysia, Thailand and Vietnam. Our network includes UOB Islamic Asset Management Sdn Bhd in Malaysia, a joint venture with Ping An Fund Management Company Limited and strategic alliances with partners such as Wellington Management Singapore.

UOBAM is one of the region’s most awarded asset managers, with over 380 awards won. In 2025, we were recognised as the Best Regional Asset Management Company by the Asia Asset Management and previously named Best Asset Management House in Asia – 20 Years in 2023. Our digital innovation has also earned top honours, including Best Digital Wealth Management in Asia[1] and Best Robo Advisory Initiative[2] for 3 consecutive years as of 2024.

As a leader in sustainable investing, UOBAM was awarded Best application of ESG in ASEAN[3] (2023) and has received multiple sustainability accolades in Indonesia and Thailand. Our artificial intelligence capabilities were also recognised with the Most Innovative Application of Artificial Intelligence (ASEAN) for 2 consecutive years[4].

Connect with us: LinkedIn | Facebook

[1] Awarded by Asia Asset Management

[2] Awarded by The Digital Banker for the Global Retail Banking Innovations Award

[3] Awarded by Asia Asset Management

[4] As of 2025, by Asia Asset Management

Widespread Flooding Hits Laos in an Early Monsoon Season

Flood in Luang Prabang (Photo: ຫ້ອງການກາແດງ ເມືອງນານ)

Severe flooding has swept across many provinces in Laos as Tropical Storm Wipha struck the country in the form of a tropical depression between 21 and 23 July, drowning several districts and causing widespread damage.

OCBC Hong Kong Unveils New Brand Campaign


Connected to “As One Group, OCBC Enables Aspiration All Across ASEAN and Greater China”
Demonstrating the Unwavering Commitment in Realising Customer’s Aspirations

HONG KONG SAR – Media OutReach Newswire – 23 July 2025 – OCBC Bank (Hong Kong) Limited (“OCBC Hong Kong”) remains committed to supporting both businesses and individuals with comprehensive banking solutions. Over the years, the Bank has stood alongside countless enterprises and generations of Hong Kong people, helping them grow and thrive. Starting this month, OCBC is proudly launching a new brand campaign in key markets including Singapore, Hong Kong, Indonesia, and Malaysia. In Hong Kong, the Bank is featuring Ms Ho Yuen Kei, world champion and gold medalist in the Women’s Individual BC3 Boccia event, in the brand campaign. Her inspiring journey of resilience and determination in overcoming adversity to pursue her aspiration embodies the Bank’s commitment to uplifting individuals and communities in realising their aspirations.

OCBC Hong Kong Unveils New Brand Campaign

In its new brand campaign, OCBC Hong Kong features Ms Ho Yuen Kei — world champion and gold medalist in the Women’s Individual BC3 Boccia event — who shares her journey in pursuit of her aspirations. Her story serves as a call to action, encouraging individuals to realise their aspirations and uplift those around them along the way.

In the campaign, Yuen Kei shares: “I need to fill my glass with water before I can pour for others”. Her words deeply resonate with OCBC Group’s purpose — to enable people and communities to realise their aspirations — and serve as a compelling reminder for everyone to take the first step toward their aspirations.

In order to deepen the interaction between the public and customers with the brand, thereby driving the realisation of aspirations, starting today, OCBC Hong Kong is launching the “Aspiration Leave” themed initiative on its official Instagram account @ocbc_hk. Participants who share their aspirations and plans for achieving them will have the chance to win exciting rewards.

In addition, OCBC Hong Kong recently partnered with selected local SMEs* to launch a collaborative initiative that encourages employees to take “Aspiration Leave” — empowering them to pursue personal aspirations and give greater meaning to their time. Participating SMEs receive funding and promotional opportunity from OCBC Hong Kong, while also fostering stronger communication and team spirit, contributing to a more positive and engaged workplace culture. The initiative attracted over a hundred employee applications within a short period, their aspiration stories will be shared on OCBC Hong Kong’s social media channels, continuing to ignite motivation across the city.

Mr Wang Ke, CEO of OCBC Hong Kong, said: “Starting this month, OCBC Group is launching a new brand campaign across key markets, centered on the theme ‘Purpose is about lifting others’. This embodies our ‘One Group’ commitment to help customers realise their aspirations. In Hong Kong, we feature a story that reflects the city’s resilient spirit and the pursuit of aspirations amid adversity. Through this campaign, we aim to inspire individuals not only to pursue their own aspiration but also to uplift those around them. We are engaging the broader community and strengthening our support for SMEs via this initiative. As a vital pillar of Hong Kong’s economy, SMEs are driven by passionate individuals who strive to make meaningful contributions to society. OCBC Hong Kong is proud to stand alongside them and support them in their journey toward realising their aspirations.”

*SMEs that participate the “Aspiration Leave” Initiative:
Admazes Limited
Bergner (HK) Limited
Brand Meditech (Asia) Company Limited
Grandasy Engineering Co Ltd
HobbyDigi Limited
Kooly Shop Limited
Lou Pichoun
Mak’s Noodle
Maple Bear Canadian International Kindergarten Hong Kong
U Park Limited

Hashtag: #OCBCHongKong

The issuer is solely responsible for the content of this announcement.

About OCBC

OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

OCBC is the second largest financial services group in Southeast Asia by assets. The Group offers a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.

OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. Its insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the leading asset management companies in Southeast Asia. Its brokerage subsidiary, OCBC Securities, is one of the leading securities firms in Singapore.

The Group’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has over 400 branches and representative offices in 19 countries and regions.

For more information, please visit to learn more about OCBC Hong Kong.

Advancing sustainable mobility through innovative traffic management solutions and collaborative data integration: Akkodis announces participation in EU-funded project FEDORA

Akkodis is joining forces with leading European partners to create innovative traffic management solutions that enhance sustainable urban mobility across Europe.

VIENNA, July 23, 2025 /PRNewswire/ — Akkodis, a global digital engineering company and part of the Adecco Group, is proud to participate in the EU-funded FEDORA[1]  project (Federation of Network Optimisation Services, Simulation Foresights, and Data Alchemy for Adaptable, Agile, Secure, and Resilient Multimodal Traffic Management). Coordinated by ERTICO – ITS Europe, the initiative, officially launched on June 1st, brings together a strong consortium of institutions focused on solving today’s pressing mobility challenges.

 

Traffic management in the EU project FEDORA. Image credit: Akkodis
Traffic management in the EU project FEDORA. Image credit: Akkodis

 

The FEDORA project addresses key limitations in current traffic management systems, including a lack of orchestration when addressing multi-modal needs in structured integration protocols and in the incorporation of real-world traffic complexities. These gaps have led to suboptimal performance in managing mobility services and a divergence from the EU’s sustainability targets. To tackle these challenges, FEDORA will develop a federated digital platform that enables advanced, real-time sensing and forecasting of transport supply and demand, supporting more efficient, sustainable movement of people and goods.

At the operational level, FEDORA will offer a collaborative data space from which advanced data processes using interconnected service and tools can be developed. It will also focus on the development of advanced traffic management optimization services and a multi-modal simulation environment to create and assess future mobility scenarios. The approach will be validated through six thematic demonstrations in diverse contexts, including Vienna, the Basque Country, Reggio Emilia, Nicosia, Budapest, and Copenhagen, addressing varying urban and rural conditions, infrastructure maturity levels, and multimodal mobility service availability. The demonstration phase is set to start in summer 2026, with Vienna as the first pilot city.

Akkodis brings proven expertise to FEDORA, having previously coordinated the Horizon 2020-funded MobiDataLab project, which advanced data sharing among mobility stakeholders across Europe. The methodologies and cloud-based service platform developed in MobiDataLab now serve as a foundation for FEDORA’s data space and will be expanded as part of the new initiative.

FEDORA is anticipated to deliver several outcomes that will significantly improve the transport network and traffic oversight. It aims to enhance the multimodal transport system, ensuring efficient door-to-door mobility for both passengers and goods. Additionally, the initiative will develop effective solutions for secure data sharing across different transport modes, fostering a dynamic and responsive management framework.

“Akkodis is committed to leveraging its expertise in digital engineering to contribute to the success of the FEDORA project. By collaborating with ERTICO, the City of Vienna, and a strong network of partners, Akkodis aims to improve the efficiency of decarbonized transport solutions in complex environments, promoting their desirability in order to support the EU’s vision for sustainable mobility,” comments Tanguy Deren, Director of Innovation at Akkodis France.

Contacts

Anne Friedrich

SVP, Global Head of Communications, Akkodis
E. anne.friedrich@adeccogroup.com

Meldina Kurti

Director, Business Partner Communications Germany, Akkodis
E. meldina.kurti@akkodis.com

Maria Sole Quaglio

External Communications Manager Germany, Akkodis
E.  maria-sole.quaglio@akkodis.com

About Akkodis

Akkodis is a global digital engineering company and Smart Industry leader. We enable clients to advance in their digital transformation with Consulting, Solutions, Talent, and Academy services. Headquartered in Switzerland and part of the Adecco Group, Akkodis is a trusted tech partner to the world’s industries. We co-create and pioneer solutions that help to solve major challenges, from accelerating the clean energy transition and green mobility, to improving user and patient centricity. Empowered by a culture of inclusion and diversity, our 50,000 tech experts across 30 countries combine best-in-class technologies and cross industry knowledge to drive purposeful innovation for a more sustainable tomorrow. We are passionate about Engineering a Smarter Future Together. akkodis.com | LinkedIn | Instagram | FacebookX

About The Adecco Group

The Adecco Group is the world’s leading talent company. Our purpose is making the future work for everyone. Through our three global business units – Adecco, Akkodis and LHH – across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to an inclusive culture, fostering sustainable employability, and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).  https://www.adeccogroup.com/

[1] This project has received funding from a Research and Innovation Action under Horizon Europe Framework with Grant Agreement No 101203465. 

 

 

SM strengthens its commitment to reduce plastic waste

PASAY CITY, Philippines, July 23, 2025 /PRNewswire/ — The SM Group is firming up its commitment to reduce plastic waste as a shared responsibility across its business units.  Led by its parent company, SM Investments Corporation, the conglomerate recently created a working group committee that convenes and conducts regular dialogues, enjoining SM’s different businesses to incorporate plastic reduction into their respective sustainability roadmaps.

This is in support of the Extended Producer Responsibility (EPR) Act of 2022, or EPR Law which requires companies to take responsibility for the recovery of their plastic packaging products and to pursue waste management programs.

“While plastic plays a crucial role in modern life, its convenience often contributes to a throwaway culture, leading to one of our planet’s most pressing environmental challenges. We understand the importance of waste recovery and recycling not only as part of our sustainable business vision but also as a social and legal obligation. SM’s approach is both practical and actionable,” Timothy Daniels, Head of Investor Relations and Sustainability, SM Investments Corporation said.

Take for example SM Markets, the SM Group’s umbrella brand for SM Supermarket, SM Hypermarket, and Savemore, which has ushered in greener retail practices in encouraging the use of eco-bags over single-use plastics since 2007. In 2024 alone, SM Markets sold 19 million Green Bags, equivalent to around 42 million plastic bags avoided.

One of SM Retail’s affiliates, Watsons Philippines has transitioned 81% of its stores to using paper bags instead of single-use plastics. In addition, over 2,140 retail stock-keeping units (SKUs) fall under Watsons’ Sustainable Choices category, which includes products classified as Clean Beauty, Better Ingredients, Better Packaging, and Refills. These products reflect its commitment to offering more environmentally responsible options to consumers.

Goldilocks Bakeshop, Inc., one of SM’s portfolio investments, reduced the size of ribbons used in each of their packaging leading to a reduction of 7,000 kilograms of plastics annually.

2GO Group, Inc., the logistics business of the SM Group, has also taken deliberate steps to reduce plastic use by transitioning to environmentally friendly packaging. Their shipping operations now utilize 100% recyclable, reusable and biodegradable packaging materials.

Considering its footprint across the Philippines, SM’s property arm, SM Prime Holdings, Inc. (SM Prime) commits to foster the much-needed infrastructure that will help support and maintain plastic waste management strategies across its businesses. SM Prime has equipped its properties with Materials Recovery Facilities (MRFs) and standardized waste segregation systems across all malls and developments. There are 15 designated drop-off points for plastic wastes, which diverted 63,874 kgs of plastics from landfills.

Trash-to-Cash (TTC) is a long-running monthly recycling market held in all SM Supermalls, where customers can exchange recyclables – such as paper, plastic and metal – for cash. TTC has facilitated the exchange of over 1 million kilograms of recyclables each month, totaling approximately 12 million kilograms. This is equivalent to saving 204,000 trees if all the recyclables were paper or reducing 18,000 tons of carbon emissions if all were plastic.

Consumer-facing initiatives such as the RDC (Recyclable, Disposable, Compostable) segregation bins launched by SM Supermalls in 2023 and information drives help employees and customers reinforce the group’s wider efforts.

SM Hotels and Conventions Corporation (SMHCC) has also phased out single-use plastics in its hotels as early as 2018, replacing amenities with refillable or eco-friendly options.

“Plastic waste reduction at SM is about steady, coordinated progress made possible by a shared culture of everyday solutions, and a proactive approach across all our businesses,” Mr. Daniels added.

The United Nations Environment Programme identified plastic pollution as a global problem with 19-23 million tons of plastic waste going into the ecosystem, polluting lakes, rivers and seas.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com

Tag along with Jay at CISCE: 3, 2, 1, Go! Linking you to a better lifestyle

BEIJING, July 22, 2025 /PRNewswire/ — This is a report from China.org.cn:

British visitor Jay Ian Birbeck explored the healthy life section of the third China International Supply Chain Expo (CISCE), an event showcasing the full breadth of the global supply chain in Beijing from July 16 to 20.

Jay’s journey began with a fairytale-inspired AI mirror. When he jokingly asked, “Who’s the most handsome guy at CISCE?”, a staff member from Dong-E-E-Jiao Co., Ltd explained the real value behind the AI mirror. By scanning the tongue coating and facial complexion in just 10 seconds, the system uses artificial intelligence to enhance TCM’s four diagnostic methods and provide real-time personalized health reports and wellness plans. The blend of ancient wisdom and modern technology allowed Jay to witness the vitality of millennia-old traditions in the digital age.

At Bloomage Biotech’s booth, Jay discovered a skincare innovation made entirely from fermented rice liquid, with no added water — a formulation that caught his attention. Staff further showcased the core engine behind such innovations: the synthetic biology pilot transformation platform. This critical bridge connecting labs to mass production is accelerating the transformation of research ideas into tangible products, offering Jay a glimpse into how China’s biomanufacturing is reshaping the future of the beauty industry.

At L’Oréal’s booth, Jay witnessed the dynamic growth of China’s beauty sector firsthand. With a brand portfolio serving 100 million Chinese consumers, the exhibit demonstrated how a robust supply chain underpins innovation in R&D, production, and logistics. What impressed Jay more was a locally developed innovation: a hair dryer co-created with a Chinese startup. Enhanced by infrared light, it delivers unprecedented speed-drying and shine effects.

Entering the wellness zone, Jay was drawn to Dong-e-e-jiao’s booth by the enticing aroma of traditional remedies. There, he encountered classic tonics creatively reimagined as snack-friendly formats for younger consumers. At T.C. Pharmaceutical Group’s section, a Red Bull drink co-branded with CISCE’s mascot Linky was precisely delivered by a robot to Jay during a fitness test. Marking the 50th anniversary of China–Thailand diplomatic ties, the Thai enterprise leveraged its investment in China over five years to showcase a new Asian narrative of cross-border supply chain collaboration. 

Smart home innovations demonstrated the future of comfortable living. Jay experienced heat-insulating and soundproof smart windows, facial-recognition door locks, and hidden range hoods that display recipes while cooking. Moving to Cheers’ exhibit, technology embraced humanistic care: a power-lift sofa uses mechanical structures to assist the elderly in standing effortlessly. Staff noted this comfort has reached users in over 100 countries through 15 global production bases. 

From beauty tech to wellness solutions, the third CISCE brought together a full spectrum of lifestyle advancements. Join Jay as he explores how cutting-edge AI, smart home solutions and pharmaceutical breakthroughs are reshaping health, beauty and modern living. Three, two, one — hit the link and discover a smarter way to live well!

Tag along with Jay at CISCE: 3, 2, 1, Go! Linking you to a better lifestyle
http://www.china.org.cn/2025-07/21/content_117988960.shtml

SM Champions an Inclusive Workplace

PASAY CITY, Philippines, July 23, 2025 /PRNewswire/ — With four generations coexisting in today’s workforce, from Baby Boomers to Generation Z, the modern workplace is evolving into a dynamic space of shared knowledge, innovation, and continuous learning.

A 2025 report by the World Economic Forum highlights the value of generational diversity in organizations, citing its role in fostering collaboration, enabling upskilling, and placing people at the heart of technological transformation. By encouraging diverse perspectives, companies unlock innovation, widen mentorship networks, and enable more inclusive, adaptive problem-solving.

At the SM group, led by its parent company SM Investments Corporation, generational diversity is seen as a strength. Millennials and Gen X currently make up for 47% (between 30-50 years old) of the over 142,000 employees across the group, the younger Gen Z also at 47% (below 30 years old), while 6% (above 50 years old) are Baby Boomers, reflecting a healthy mix of experience, energy, and fresh thinking.

“Our people are the strongest foundation of SM’s continued growth,” said Elizabeth Anne ‘Lizanne’ Uychaco, Executive Vice President and Group Diversity Officer at SM Investments Corporation. “That’s why we foster a culture of inclusion and belonging across all levels of the organization.”

This commitment extends to gender inclusion, with women comprising 64% of the total workforce and holding 58% of senior leadership roles across the group. As a signatory to the UN Women’s Empowerment Principles (WEPs) since 2022, SM upholds merit-based advancement through its Equal Opportunity Policy and Framework, ensuring fair processes, inclusive facilities, and transparent monitoring systems.

SM’s forward-looking approach to career development is reflected in the SM Sustainability School, a group-wide learning platform aimed at future-proofing skills and fostering a sustainability mindset. In 2024, the program achieved over 43,000 enrollees participating in 71 specialized modules across the group.

The company’s advocacy for inclusion extends beyond programs into physical spaces. Across its offices and malls, SM has established 814 breastfeeding rooms for nursing mothers, 787 PWD-friendly pathways, 171 gender-neutral washrooms, and 19 non-denominational meditation rooms, ensuring the everyday work environment supports the needs of a diverse workforce.

“At SM, inclusion is more than a principle—it is a long-term commitment, reinforced by meaningful action across all our business units,” Ms. Uychaco added.

By empowering people from all backgrounds and generations, SM continues to create a workplace where every individual is valued, supported, and equipped to grow—making inclusion a driver of both culture and business performance.

About SM Investments Corporation

SM Investments Corporation is one of the leading Philippine companies that is invested in market-leading businesses in retail, banking, and property. It also invests in ventures that capture high growth opportunities in the emerging Philippine economy.

SM’s retail operations are the country’s largest and most diversified, consisting of grocery stores, department stores and specialty retail stores. SM’s property arm, SM Prime Holdings, Inc., is the largest integrated property developer in the Philippines with interests in malls, residences, offices, hotels, and convention centers as well as tourism-related property developments. SM’s interests in banking are in BDO Unibank, Inc., the country’s largest bank, and China Banking Corporation, the fourth largest private domestic bank.

For more information, please visit www.sminvestments.com