The Department of Science and Technology (DOST) signed a memorandum of understanding with SM Investments Corporation to help advance the development of sustainable plastic materials and improve plastic waste management strategies during the “Tactics for Better PlasTIK (Technology, Innovation, Knowledge)” forum held at Megatrade Hall 3, SM Megamall.
Both organizations agreed to collaborate on essential and sustainable plastics initiatives, including joint research and development, training programs, and conferences.
Timothy Daniels, SM Investments consultant and head of Sustainability and Investor Relations, highlighted this partnership's importance in supporting SM’s sustainability goals.
“Being a responsible company is important to SM and plastics are a real sustainability issue for the country. We are keen to work with many stakeholders to reduce plastic use in the Philippines. We always look for practical solutions. He said that this collaboration with DOST will enhance our collective waste management efforts and foster knowledge-sharing and sustainable partnerships across sectors to help achieve that,” he said.
Representing DOST were secretary Dr. Renato U. Solidum Jr., assistant secretary for Development Cooperation Rodolfo Calzado, Jr. and executive Ddirector of the DOST Philippine Council for Industry, Energy, and Emerging Technology Research and Development Dr. Enrico C. Paringit.
“We thank SM for this partnership, and we are optimistic that through this collaboration, we can provide solutions and open opportunities for industry players and our citizens,” Solidum said. “DOST remains committed to bringing technologies from the development stage to real-world application.”
“We hope that our green technologies will make their way to the hearts and minds of our citizens through this expo and forum. DOST will be at the forefront of making innovations work for the Filipino,” Paringit said.
This partnership marks a significant stride towards a more sustainable future for the Philippines.
The SM group, most notably its retail and mall teams, has been taking steps to reduce plastic use. It recognizes that key contributors to plastic waste include bags at retail outlets, product packaging, plastic water bottles, and food packaging.
A standardized waste segregation policy called RDC (Recyclable, Disposable, and Compostable) and a mall-wide campaign called Waste-Free Future is currently being implemented.
Through SM Prime Holdings, SM partnered with Japanese company GUUN to develop infrastructure for systematic waste management and resource recovery. This partnership will implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.
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