SM Prime Holdings, Inc. (SM Prime) has once again earned the prestigious Five Golden Arrow Award from the Institute of Corporate Directors (ICD) for the third consecutive year. The recognition affirms the company’s continued commitment to transparency, accountability and responsible management practices.

“This Five Golden Arrow Award is a testament to the collective efforts of everyone at SM Prime. It reflects the company’s strong commitment to nurturing a culture of good governance built on integrity, fairness, accountability and transparency,” said J. Carlitos G. Cruz, SM Prime Independent Director, during the awarding ceremony.

“With the revised ASEAN Corporate Governance Scorecard placing stronger emphasis on sustainability, SM Prime has demonstrated its dedication to promoting social inclusion, environmental stewardship and economic advancement, ensuring sustainable and resilient growth for the communities it serves,” he added.

The ASEAN Corporate Governance Scorecard (ACGS) assesses publicly listed companies based on shareholder rights, sustainability and resilience, stakeholder relations, transparency through timely disclosures, and the effectiveness of the Board in guiding corporate strategy. The scorecard consists of 193 metrics based on publicly available information and aims to raise corporate governance standards in the Philippines while positioning local companies as attractive investment opportunities.

A Golden Arrow is awarded to companies that achieve a minimum score of 75 points in the ACGS assessment, signifying strong adherence to the Philippine Code of Corporate Governance and alignment with globally recognized best practices. Companies are rated across five levels of governance performance.

SM Prime continues to strengthen its governance framework as it expands its integrated property developments, fostering inclusive economic activity and community growth across the country.