SM Group strengthens commitment to reduce plastic waste

LED by parent company SM Investments Corp., the SM Group 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.

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

"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," SM Investments Head of Investor Relations and Sustainability Timothy Daniels said.