Consistent with its staunch advocacy of sustainability, SM Investments Corporation (SMIC) was recognized among the Top Community Care Companies in Asia at the Asia Corporate Excellence and Sustainability (ACES) Awards 2020. ACES acknowledged SM for the conduct of SM Foundation Inc. (SMFI)-led flagship programs — the Scholarship Program and the Kabalikat sa Kabuhayan (KSK) Farmers' Training Program. The Top Community Care Companies in Asia award is presented to companies "who have enriched the communities through various outreach initiatives." SMFI's well-established scholarship program, which first accepted applicants in 1993, continues to provide thousands of Filipino youth with the chance for a better future by giving them access to quality tertiary education. To date, SMFI has supported 8,576 college and technical vocational scholars all over the country. SMFI Executive Director for Education Linda Atayde expressed her appreciation for the citation.