Sonae

Sonae's total reported carbon emissions for 2024 were approximately 9.47 billion kg CO2e. This includes Scope 1 emissions of about 79.3 million kg CO2e, market-based Scope 2 emissions of approximately 73.4 million kg CO2e, and Scope 3 emissions of around 9.32 billion kg CO2e. This data is cascaded from its ultimate parent, Sonae, SGPS, S.A.

Looking back, in 2023, Sonae's total emissions were about 8.55 billion kg CO2e. For 2022, total emissions stood at roughly 8.99 billion kg CO2e, and in 2021, they were approximately 6.17 billion kg CO2e.

Sonae has set several climate commitments, including a long-term goal to achieve carbon neutrality for its Scope 1 and 2 operations by 2040, which is ten years ahead of the EU target. The company also aims to reduce its Scope 1 and 2 emissions by 54% by 2030, compared to a 2018 baseline. Additionally, Sonae Sierra, a related entity, has committed to an intensity reduction target of 73% for Scope 1 and 2 GHG emissions per square metre by 2030, using 2019 as the base year. The company reported a reduction of 18% in Scope 1 and 2 GHG emissions in 2020 compared to the previous year, and a 16% reduction against 2018. The company previously achieved a 75% reduction in Scope 1 emissions by 2020 from a 2005 baseline, surpassing its long-term goal of a 70% reduction.