Water scarcity is one of the biggest issues that the world is facing today. Defined as a problem that occurs when the demand for water exceeds the available water supply, water scarcity is seen as a problem that will only get worse, especially since water use continues to increase at an unprecedented rate globally.
According to 2019 figures from UN-Water, an interagency mechanism that coordinates the efforts of United Nations (UN) entities and international organizations working on water and sanitation issues, global water demand is expected to continue increasing by 1 percent annually until 2050
As a company with sustainability at the core of its operations, SM Prime Holdings Inc. (SM Prime) knows that there is a need for solutions that help address the degradation and depletion of the world’s natural resources. In line with this, the company has been continuously working towards strengthening its commitment to a circular economy, implementing solutions that help improve efficiency when using natural resources, including water.
“We all know that fresh water is a finite resource, so it is important that we try our best to conserve it. This is why SM has been adhering to a circular framework when it comes to our resource consumption, including the way we use water in our malls,” said Engr. Liza B. Silerio, Vice President for SM Supermalls Corporate Compliance Group and SM Cares Program Director for Environment.
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