Philippines: SM unveils business continuity program facility for partners

Source(s)
Business World

By Arra B. Francia

SM Prime Holdings, Inc. unveiled on Thursday a business continuity program (BCP) facility for its partners to enhance their protection and preparedness against natural disasters.

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“This BCP facility will serve as their back up and redundant setup to recover and restore important data, among others, as part of their business continuity and disaster recovery plans. This initiative is aligned with our business resilience program,” Mr. Sy [SM Prime Executive Committee Chairman] said in a speech during the program at SMX Convention Center in Pasay City.

Through the facility, SM Prime will offer [small to medium enterprise] tenants a free data storage facility that will house their operational and insurance documents, allowing them to easily claim insurance and recover should a disaster affect their business.

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The launch of the program is in line with SM Prime’s goal to promote resilience and sustainable practices. The property giant said it has been one of the leading figures in bringing together the private sector to discuss disaster risk reduction issues in the business industry.

Through the National Resilience Council, the private sector, led by Mr. Sy, has partnered with the national government to enhance the capacity of local government units for resilience. The public side is headed by Defense Secretary Delfin N. Lorenzana.

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