MWPV, SM Prime sign water supply deal

Manila Water Philippine Ven­tures Inc. (MWPV) and SM Prime Holdings Inc. entered into a memorandum of agreement (MOA) for water delivery services and facilities.

The Moa provides that MWPV, which is a wholly owned subsidiary of the Manila Wa­ter Company Inc., will provide water and used water services and facilities to the property de­velopment projects of the SM Group including SM Prime and its subsidiaries and affiliates SM Development Corp. and the SM Residences Corp.

The main objective of the agreement is to share expertise in optimal service provision in water delivery for their clients and customers, MWPV reported to the stock exchange.

SM Foundation division, SM Cares, has been implement­ing programs that focus on en­ergy efficiency, solid waste man­agement, air quality and water recycling.

SM Cares said in its website that it has employed a holistic approach to managing the envi­ronment which builds on safety and security through disaster resilience, business continuity programs and emergency pre­paredness.

“The SM malls have an ac­tive solid waste management system that engages not just the employees and customers, but the whole community,” it added.

SM Cares utilizes a combi­nation of communication cam­paigns through its Green Retail Agenda and the Green Film Fes­tival.

Its rehabilitation efforts like replanting of trees, progressive sustainable architecture and en­gagement programs raise the environmental consciousness among Filipinos.

“The program has already paid out P47 million worth of re­cycled good to the participating public,” it said.

“We construct environmen­tally conscious green buildings that operate to reduce carbon footprint and promote energy ef­ficiency,” SM Cares reports.

“Each mall is equipped with treatment plants to recycle water. Every year SM recycles 3.3 million cubic meters of wa­ter – equivalent to 1,300 Olym­pic-sized swimming pools.

By taking care of the envi­ronment, we also take care of the communities we are part of and help promote sustainable progress,” the report added.

RIZA LOZADA