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SM TO PLANT 50,000 TREES...

"SM city Baguio HAS started the procedure of replanting the trees that will be affected by its expansion.

The mall expansion is a spin off from the top soil erosion concern of the mall for many years now that might eventually affect the structural integrity of the existing building. Technical consultants exhausted all efforts to remedy the problem through ripraps and compaction but the problem persists.

In order to permanently solve this, a retaining wall structure needs to be constructed to protect the building. This will entail excavation that will affect the trees in the area. SM IS taking all measures to relocate them.

We reiterate our concern for the environment and that the building expansion shall be sustaining the environment, not only the trees, but the other ENVIRONMENT aspects such as air quality and energy efficiency.

SM shall also PLANT over 50,000 trees as part of its commitment in Baguio re-greening program.

Date: 
Wednesday, April 11, 2012
Source: 
SM Investor Relations