Private sector has role in ensuring stability amid political, economic risks — Hans Sy

THE PRIVATE SECTOR has a responsibility to create opportunities, uphold integrity, and support stability amid political and economic risks, SM Prime Holdings, Inc. Executive Committee Chairman Hans T. Sy said.

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Mr. Sy, 70, was named Management Association of the Philippines (MAP) Management Person of the Year 2025, an award recognizing his leadership and contributions to national values and sustainable business practices.

"Like everyone here, I am affected by what is happening. It is painful to see our country suffer because of the faults of a few," he said during the MAP Annual General Membership Meeting.

He said values and ESG+R - environmental stewardship, social inclusion, good governance, and resilience - guide decisions, especially following the recent corruption scandal involving flood control projects.

"The events of the past few weeks remind us why values and ESG+R matter. They also show how losing integrity - at a time when we are building climate resilience - can have serious consequences," he said.