Sonae, SGPS, S.A. is a diversified conglomerate based in Portugal with a robust presence in retail, telecommunications, shopping centers, and real estate. The company primarily serves the European mar... Sonae, SGPS, S.A. is a diversified conglomerate based in Portugal with a robust presence in retail, telecommunications, shopping centers, and real estate. The company primarily serves the European market, focusing on innovative and customer-centric solutions. In the retail sector, Sonae operates multiple brands and store formats, catering to a variety of consumer needs including food, electronics, and apparel. Its telecommunications operations are conducted through its collaboration with NOS, a leading provider of telecommunications and entertainment services in Portugal.
Additionally, Sonae is a key player in the shopping center segment, developing and managing a portfolio of retail properties, which enhance its retail operations and provide a platform for further expansion. The company is also involved in real estate investments, focusing on sustainable and strategic development projects.
As one of the largest business groups in Portugal, Sonae plays a significant role in the Portuguese economy, driving employment, innovation, and economic growth. Its diversified business model and strategic investments in various sectors allow it to maintain resilience and adaptability in the ever-changing market landscape.
In 2024, Sonae was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Sonae has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Sonae are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Turnover
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c
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Total Taxonomy Eligible A Turnover
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c
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Total Taxonomy Non-Eligible B Turnover
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c
0000000
5.1 CE - Repair, refurbishment and remanufacturing
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a
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0000000
5.4 CE - Sale of second-hand goods
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a
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0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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c
0000000
7.7 CCM/CCA - Acquisition and ownership of buildings
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a
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b
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0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Opex
0000000
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c
0000000
Total Taxonomy Eligible A Opex
0000000
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c
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Total Taxonomy Non-Eligible B Opex
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b
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c
0000000
5.4 CE - Sale of second-hand goods
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a
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0000000
5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions
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c
0000000
7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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a
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c
0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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a
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b
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c
0000000
7.7 CCM/CCA - Acquisition and ownership of buildings
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b
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0000000
9.3 CCM - Professional services related to energy performance of buildings
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b
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0000000
Metric (tonnes)
2024
2023
2022
2021 - 2017
Total Taxonomy Aligned A1 Capex
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c
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Total Taxonomy Eligible A Capex
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c
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Total Taxonomy Non-Eligible B Capex
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b
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c
0000000
3.1 CE - Construction of new buildings, 7.1 CCM/CCA - Construction of new buildings
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b
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0000000
5.5 CCM/CCA - Collection and transport of non-hazardous waste in source segregated fractions
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c
0000000
7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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a
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b
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c
0000000
7.4 CCM/CCA - Installation, maintenance and repair of charging stations for electric vehicles in buildings (and parking spaces attached to buildings)
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a
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c
0000000
7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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a
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0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies
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a
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b
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c
0000000
7.7 CCM/CCA - Acquisition and ownership of buildings
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Copy/Paste is a PRO feature.
b
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0000000
Limited Data Preview
You are viewing a limited preview of Sonae’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2022.
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Verified Sources Behind Sonae’s EU Taxonomy Data
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a. Sonae's Integrated Report 2024
b. Sonae's Integrated Report 2023
c. Sonae's Integrated Report 2022
Insights into Sonae's Revenues from Sustainable Activities
In 2024, Sonae reported EU Taxonomy-eligible revenues of EUR 334.90 million, representing 3.4% of its total turnover. Of this amount, EUR 101.60 million of Sonae's revenues was classified as EU Taxonomy-aligned, indicating that 1% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Sonae's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Sonae's revenues become more sustainable over time?
Since 2022, Sonae's taxonomy-aligned revenues increased by 900%,reflecting a sustained upward trend in environmentally sustainable revenue generation.a, c
Compared to the previous year (2023), Sonae's taxonomy-aligned revenues increased by 150%,highlighting Sonae's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Sonae's revenue is eligible under the EU Taxonomy?
In 2024, Sonae reported that EUR 334.90 million of its revenue was eligible under the EU Taxonomy, representing 3.4% of the company's total turnover. Of this amount, EUR 101.60 million (1% of total revenue) was classified as Taxonomy-aligned. This means that 2.3% of Sonae's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Sonae's eligible revenue is aligned with the EU Taxonomy?
In 2024, Sonae reported that EUR 101.60 million of its revenue was aligned under the EU Taxonomy, representing 1% of its total turnover.a
This low alignment highlights either a limited focus on green activities or early-stage adoption of sustainability frameworks, underscoring opportunities for further alignment with EU climate objectives.
Sonae's Eligibility & Alignment Overview
Sonae's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Sonae's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Sonae reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.3%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0.7%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Sonae earn from selling climate-related solutions ?
In 2024, Sonae reported that EUR 29.84 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 0.3% of the company's total revenue,indicating that Sonaehas limited exposureon solutions that support climate action through its commercial activities.a
Insights into Sonae's CAPEX from Sustainable Activities
In 2024, Sonae reported EU Taxonomy-eligible CAPEX of EUR 181.20 million,representing 24.4% of its total CAPEX. Of this amount, EUR 33.50 million of Sonae's CAPEX was classified as EU Taxonomy-aligned, indicating that 4.5% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Sonae's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Sonae's increased its investment in sustainable activities over time?
Since 2022, Sonae's taxonomy-aligned capital expenditure (CAPEX)remained relatively stable, suggesting that Sonae has neither expanded nor reduced its sustainability-focused capital investments in recent years.a, c
Compared to the previous year (2023), Sonae's taxonomy-aligned CAPEX decreased by 25%,suggesting that Sonae may have scaled back investments in sustainable projects, reprioritized its capital deployment, or reduced transparency in its taxonomy-aligned disclosures.a, b
How much of Sonae's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Sonae reported that EUR 181.20 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 24.4% of the company's total CAPEX. Of this amount, EUR 33.50 million (4.5% of total CAPEX) was classified as Taxonomy-aligned. This means that 19.9% of Sonae's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Sonae's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Sonae reported that EUR 33.50 million of its CAPEX was aligned under the EU Taxonomy, representing 4.5% of its total capital investment.a
This low alignment reflects that Sonae is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Sonae's Eligibility & Alignment Overview
Sonae's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Sonae's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Sonae reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 4.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Sonae is investing in climate-related solutions?
In 2024, Sonae allocated EUR 33.35 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 4.5% of the company's total capital expenditure,indicating that Sonaehas only marginally directed its capital expenditure toward climate-related activities, suggesting limited alignment with climate objectives.a
Insights into Sonae's OPEX from Sustainable Activities
In 2024, Sonae reported EU Taxonomy-eligible OPEX of EUR 6.80 million,representing 3.5% of its total operating expenses (OPEX). Of this amount, EUR 1.10 million of Sonae's OPEX was classified as EU Taxonomy-aligned, indicating that 0.5% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Sonae's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Sonae's increased its spending in sustainable activities over time?
Since 2022, Sonae's taxonomy-aligned operating expenditure (OPEX)decreased by 72.22%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.a, c
Compared to the previous year (2023), Sonae's taxonomy-aligned OPEX decreased by 37.5%, suggesting that Sonae may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.a, b
How much of Sonae's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Sonae reported that EUR 6.80 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 3.5% of the company's total OPEX. Of this amount, EUR 1.10 million (0.5% of total OPEX) was classified as Taxonomy-aligned. This means that 3% of Sonae's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Sonae's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Sonae reported that EUR 1.10 million of its OPEX was aligned under the EU Taxonomy, representing 0.5% of its total operational expenditure.a
This low alignment reflects limited operational focus on green activities, suggesting that sustainability considerations have yet to be fully integrated into core operating processes.
Sonae's Eligibility & Alignment Overview
Sonae's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Sonae's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Sonae reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 0.3%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0.2%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Sonae's operational budget supports climate-related solutions?
In 2024, Sonae allocated EUR 574,500 of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 0.3% of the company's total OPEX,indicating that Sonaehas only a limited share of operational expenditure aligned with climate goals, signaling early-stage or minimal integration of climate objectives into its routine activities.a
b
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