Sovena Group, a leading player in the global food industry, is headquartered in Portugal (PT) and operates extensively across Europe, North America, and Africa. Founded in 1956, Sovena has established itself as a prominent manufacturer and distributor of high-quality olive oils, vegetable oils, and other food products.
The company is renowned for its commitment to sustainability and innovation, offering a diverse range of products that cater to both retail and food service sectors. Sovena's unique approach to sourcing and production ensures that its oils maintain exceptional quality and flavour, setting them apart in a competitive market.
With a strong market position, Sovena has achieved significant milestones, including numerous awards for its premium products, solidifying its reputation as a trusted name in the culinary world.
0 vs industry average
Sovena’s score of 32 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Sovena's reported carbon emissions
In 2024, Sovena reported total emissions of approximately 75.0 million kg CO2e, comprising 34.9 million kg CO2e from Scope 1 and 40.1 million kg CO2e from Scope 2. This marks a slight increase from 2023, where total emissions were approximately 79.9 million kg CO2e, with Scope 1 emissions at 32.3 million kg CO2e and Scope 2 at 47.6 million kg CO2e. Sovena has set ambitious climate commitments, aiming to reduce its greenhouse gas emissions by 10% by 2026 and 25% by 2030, using 2023 as the baseline year. These targets apply to both Scope 1 and Scope 2 emissions, reflecting a proactive approach to climate action. The company is currently on track to meet its near-term reduction goals. Sovena's emissions data is cascaded from its parent organization, Sovena Group, Sgps, S.A., ensuring alignment with broader corporate sustainability initiatives. The company has not disclosed Scope 3 emissions data, which typically includes indirect emissions from the supply chain and product use. Overall, Sovena's commitment to reducing its carbon footprint demonstrates a significant step towards sustainability in the food and oil industry, aligning with global climate goals.
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Sovena’s Climate Goals (2030 & 2050)
2 goals2030
25% reduction in Scope 2
By 2030, reduce GHG emissions (scopes 1 and 2) by 10% by 2026 and 25% by 2030 (base year: 2023)
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Sovena
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