Sonae Sierra

Sonae Sierra, a Portuguese real estate services company, reported total carbon emissions of approximately 10.57 billion kg CO2e in 2025. This includes Scope 1 emissions of 65.69 million kg CO2e, market-based Scope 2 emissions of 74.93 million kg CO2e, and Scope 3 emissions of approximately 10.43 billion kg CO2e. This data is cascaded from its parent company, Sonae Sierra, S.G.P.S., S.A.

Looking back, in 2024, Sonae Sierra's total emissions were about 9.47 billion kg CO2e, with Scope 1 at 79.35 million kg CO2e, market-based Scope 2 at 74.22 million kg CO2e, and Scope 3 at approximately 9.32 billion kg CO2e. In 2022, the company's total emissions were approximately 8.99 billion kg CO2e, comprising 66.41 million kg CO2e from Scope 1, 105.05 million kg CO2e from market-based Scope 2, and about 8.82 billion kg CO2e from Scope 3.

Sonae Sierra has set ambitious climate commitments, with targets cascaded from its parent company Sonae Sierra, S.G.P.S., S.A. The company commits to achieving net-zero greenhouse gas emissions across its value chain by 2040. Near-term Science Based Targets (SBTi) include a 73% reduction in Scope 1 and 2 GHG emissions per square metre by 2030 from a 2019 base year. Additionally, Sonae Sierra aims to reduce Scope 3 GHG emissions from purchased goods and services by 55% per square metre developed by 2030 (from a 2019 base year), and all other absolute Scope 3 GHG emissions by 46.2% within the same timeframe. Long-term SBTi goals target a 99.4% reduction in Scope 1 and 2 GHG emissions per square metre by 2040 (from a 2019 base year), a 97% reduction in Scope 3 GHG emissions from purchased goods and services per square metre developed by 2040, and a 99.6% reduction in all other absolute Scope 3 GHG emissions by 2040.