Sonae Sierra Sustainability Profile
Sonae Sierra, a prominent player in the retail property sector, is headquartered in Portugal (PT) and operates extensively across Europe and Brazil. Founded in 1998, the company has established itself as a leader in the development and management of shopping centres, blending innovative design with sustainable practices. Specialising in retail real estate, Sonae Sierra offers a unique portfolio of services, including asset management, development, and investment, which distinguishes it in a competitive market. The company is recognised for its commitment to sustainability and community engagement, achieving notable milestones such as the development of award-winning shopping centres. With a strong market position, Sonae Sierra continues to expand its influence, focusing on enhancing customer experiences and driving value for stakeholders in the dynamic retail landscape.
DitchCarbon Score
How does Sonae Sierra's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Sonae Sierra's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sonae Sierra's reported carbon emissions
In 2023, Sonae Sierra reported a greenhouse gas (GHG) emissions intensity of approximately 0.0203 kg CO2e per square metre of Gross Leasable Area (GLA) for Scope 1 and Scope 2 emissions. This figure reflects a slight decrease from 2022, where the intensity was about 0.0205 kg CO2e/sq.m. The company has set ambitious climate commitments, aiming for a significant reduction in its carbon footprint across all scopes. Sonae Sierra has established near-term targets to reduce Scope 1 and 2 GHG emissions by 73% per square metre by 2030, using 2019 as the baseline year. Additionally, the company aims to reduce Scope 3 emissions from purchased goods and services by 55% per square metre developed within the same timeframe. For all other absolute Scope 3 emissions, Sonae Sierra commits to a reduction of 46.2% by 2030. Looking further ahead, Sonae Sierra has set long-term targets to achieve a 99.4% reduction in Scope 1 and 2 emissions per square metre by 2040, alongside a 97% reduction in Scope 3 emissions from purchased goods and services. The company also aims for a 99.6% reduction in all other absolute Scope 3 emissions by the same year. Sonae Sierra's climate strategy is aligned with the Science Based Targets initiative (SBTi), and the company has committed to reaching net-zero GHG emissions across its value chain by 2040. This commitment is part of a broader effort to address climate change and reduce environmental impact, reflecting the company's dedication to sustainability in the real estate sector. Data for Sonae Sierra's emissions and targets is cascaded from its parent company, Sonae Sierra, S.G.P.S., S.A., ensuring a comprehensive approach to climate accountability and performance tracking.
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| 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|
| Scope 1 | - | - | 0,000,000 | - |
| Scope 2 | - | - | 0,000,000 | - |
| Scope 3 | - | - | 000,000,000 | - |
How Carbon Intensive is Sonae Sierra's Industry?
How Carbon Intensive is Sonae Sierra's Location?
Sonae Sierra's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
Sonae Sierra's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sonae Sierra has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Sonae Sierra's sustainability data and climate commitments