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Sovena Group, commonly referred to as Sovena, is a prominent player in the 'Other Business Services (74)' industry, with its headquarters based in Portugal. Established in 1956, the company has grown significantly over the decades, expanding its operations across various regions and establishing a strong market presence.
Specialising in the production and distribution of edible oils and related products, Sovena is recognised for its commitment to quality and innovation. Its core offerings include olive oils, vegetable oils, and other food ingredients, distinguished by their high standards and sustainable practices. As a leading entity within its sector, Sovena has achieved notable milestones, solidifying its position as a trusted supplier in the global food industry.
51
DitchCarbon score
+15 vs industry average
Sovena’s score of 51 is higher than 65% 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
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Sovena's reported carbon emissions
Sovena, based in Portugal, is in the "Other business services" industry. The company is a current subsidiary of Sovena Group, Sgps, S.A.
For 2022, the latest year with full emissions data, Sovena reported total greenhouse gas emissions of approximately 1.35 billion kg CO2e. This included about 25.8 million kg CO2e from Scope 1, approximately 52.2 million kg CO2e from Scope 2, and around 1.27 billion kg CO2e from Scope 3.
Sovena has committed to near-term absolute reduction targets. By 2030, the company aims to reduce its Scope 1 and Scope 2 GHG emissions by 25% from a 2023 base year. This target also includes an interim reduction of 10% by 2026. This target is sourced from Sovena's 2024 Sustainability Report. Sovena's climate performance data is sourced from Sovena Group, Sgps, S.A.
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Sovena’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
12 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Nutrinveste SGPS, SASee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Sovena2 months ago
51
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