Sonae SGPS SA

Common Name
Sonae
Country
Portugal
Sector
Consumer Cyclical
Industry
Department Stores
Employees
36,395
Ticker
SON
Exchange
EURONEXT
Description
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's GHG Emissions Data Preview

In 2023, Sonae completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Sonae has also provided a category-level breakdown for 13 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Sonae’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Sonae’s data sources below and access millions more through our Disclosure Search.

a. Sonae's Integrated Report 2023
a. Sonae's Integrated Report 2023

Insights into Sonae's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Sonae amounted to 187,900 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Sonae decreased by 7.1%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Sonae's Scope 1 Emissions Over Time

202120222023020 k40 k60 k80 ktCO2e+11%+5%
  • Total Scope 1
  • Year-over-Year Change

What are Sonae's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Sonae were 69,400 metric tons of CO₂ equivalent (tCO₂e). a

Has Sonae reduced its Scope 1 emissions over time?

Since 2021, Sonae's Scope 1 emissions have increased by 15.77%, reflecting a rising long-term trend in Scope 1 emissions over time. a

Compared to the previous year (2022), Sonae's Scope 1 emissions increased by 4.51%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Sonae's Scope 2 emissions?

In 2023, Sonae reported Scope 2 greenhouse gas (GHG) emissions of 88,168 tCO₂e using the market-based method and 118,500 tCO₂e using the location-based method. a

Has Sonae reduced its Scope 2 emissions over time?

Since 2021, Sonae's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 12.83%, reflecting a declining long-term trend in Scope 2 emissions over time. a

Compared to the previous year (2022), Sonae's Scope 2 emissions (Location-Based) fell by 12.78% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Sonae use for Scope 2 reporting?

In 2023, Sonae reported its Scope 2 emissions using the market-based method and using the location-based method. a

Sonae's Scope 2 Emissions Over Time

202120222023035 k70 k105 k140 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sonae's Value Chain Emissions

In 2023, Sonae reported 5,938,838 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2023 disclosure of Sonae includes a breakdown across 13 of the 15 Scope 3 categories defined by the GHG Protocol, up from 12 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a

Sonae's Scope 3 Emissions Over Time

20212022202302 M4 M6 M8 MtCO2e+17%-15%
  • Total Scope 3
  • Year-over-Year Change

What are Sonae's Scope 3 emissions?

In 2023, Sonae reported total Scope 3 emissions of 5,938,838 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 83.97% of these emissions originated from upstream activities such as purchased goods and capital goods, while 16.03% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Sonae reduced its Scope 3 emissions over time?

Since 2021, Sonae's Scope 3 emissions have remained relatively stable, indicating that Sonae 's emissions have plateaued with no significant change in its value chain footprint. a

Compared to the previous year (2022), Sonae's Scope 3 emissions decreased by 15.36%, highlighting the company's efforts to lower indirect emissions from its value chain. a

What categories of Scope 3 emissions does Sonae disclose?

In 2023, Sonae reported emissions for 13 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This reflects a high level of granularity and transparency in the company's emissions reporting.

What are the main sources of Sonae's Scope 3 emissions?

In 2023, the largest contributors to Sonae's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 4,848,792 tCO₂e (81.65%)
  • Use of Sold Products (Cat. 11): 914,801 tCO₂e (15.4%)
  • Upstream Transportation and Distribution (Cat. 4): 52,487 tCO₂e (0.88%)

Sonae's Scope 3 Emissions by Categories

Use of Sold Products(Cat. 11)(15.4%)Purchased Goods andServices (Cat. 1)(81.6%)

Insights into Sonae’s GHG Emissions Intensity Compared to Industry Peers

In 2023, Sonae reported Scope 1 greenhouse gas (GHG) emissions of 69,400 tCO₂e and total revenues of USD 9,296 millions. This translates into an emissions intensity of 7.47 tCO₂e per millions USD. a

Sonae's Scope 1 Emissions Intensity Compared to Peers

0.5201,00050,0002,000,000Scope 1 Emissions (tCO2e)505002,00010,00050,000Revenues (Millions of USD)PFWBRyohin KeikakuYear: 2023Scope 1: 1,187 tCO2eRevenue: $M 3,979Scope 1 Intensity: 0.30 tCO2e/$MSun Art Retail GroupYear: 2025Scope 1: 286,831 tCO2eRevenue: $M 10,733Scope 1 Intensity: 26.72 tCO2e/$MEl Puerto de LiverpoolYear: 2024Scope 1: 46,462 tCO2eRevenue: $M 10,315Scope 1 Intensity: 4.50 tCO2e/$MPPPick N Pay StoresYear: 2023Scope 1: 381,435 tCO2eRevenue: $M 5,807Scope 1 Intensity: 65.68 tCO2e/$MJ.Front RetailingYear: 2024Scope 1: 14,430 tCO2eRevenue: $M 2,702Scope 1 Intensity: 5.34 tCO2e/$MMatahari Department StoreYear: 2024Scope 1: 433 tCO2eRevenue: $M 398Scope 1 Intensity: 1.09 tCO2e/$MShoprite HoldingsYear: 2024Scope 1: 748,589 tCO2eRevenue: $M 12,756Scope 1 Intensity: 58.68 tCO2e/$MShinsegaeYear: 2023Scope 1: 15,158 tCO2eRevenue: $M 4,975Scope 1 Intensity: 3.05 tCO2e/$MTokyuYear: 2023Scope 1: 121,875 tCO2eRevenue: $M 6,992Scope 1 Intensity: 17.43 tCO2e/$M99 Speed Mart Retail HoldingsYear: 2024Scope 1: 13,443 tCO2eRevenue: $M 2,232Scope 1 Intensity: 6.02 tCO2e/$MOrganizacion SorianaYear: 2023Scope 1: 631,395 tCO2eRevenue: $M 10,382Scope 1 Intensity: 60.82 tCO2e/$MIsetan Mitsukoshi HoldingsYear: 2025Scope 1: 26,479 tCO2eRevenue: $M 3,704Scope 1 Intensity: 7.15 tCO2e/$MHyundai Department StoreYear: 2023Scope 1: 22,859 tCO2eRevenue: $M 3,293Scope 1 Intensity: 6.94 tCO2e/$MFFFirst SteamshipYear: 2023Scope 1: 1 tCO2eRevenue: $M 179Scope 1 Intensity: 0.00 tCO2e/$MCencosudYear: 2024Scope 1: 552,972 tCO2eRevenue: $M 16,596Scope 1 Intensity: 33.32 tCO2e/$MFoschini GroupYear: 2025Scope 1: 4,149 tCO2eRevenue: $M 3,180Scope 1 Intensity: 1.30 tCO2e/$MWWWangfujing GroupYear: 2023Scope 1: 114,946 tCO2eRevenue: $M 1,720Scope 1 Intensity: 66.83 tCO2e/$MBBBizim Toptan Satis MagazalariYear: 2024Scope 1: 19,815 tCO2eRevenue: $M 1,081Scope 1 Intensity: 18.34 tCO2e/$MTakashimayaYear: 2022Scope 1: 19,910 tCO2eRevenue: $M 6,585Scope 1 Intensity: 3.02 tCO2e/$MKohlsYear: 2023Scope 1: 28,225 tCO2eRevenue: $M 17,476Scope 1 Intensity: 1.62 tCO2e/$MMarks and Spencer GroupYear: 2025Scope 1: 210,164 tCO2eRevenue: $M 17,877Scope 1 Intensity: 11.76 tCO2e/$MMacy'sYear: 2022Scope 1: 40,901 tCO2eRevenue: $M 25,448Scope 1 Intensity: 1.61 tCO2e/$MSonaeYear: 2023Scope 1: 69,400 tCO2eRevenue: $M 9,296Scope 1 Intensity: 7.47 tCO2e/$M

How does Sonae's GHG emissions intensity compare to its peers?

In 2023, Sonae reported a Scope 1 emissions intensity of 7.47 tCO₂e per millions USD. Compared to the peer group median of 6.48 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does Sonae rank on GHG emissions intensity within its industry?

In 2023, Sonae ranked 14 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

Sonae is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a

Insights into Sonae's Total Carbon Footprint

In 2023, Sonae reported a total carbon footprint of 6,126,738 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.13% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Sonae's total carbon footprint was Scope 3 emissions, accounting for 96.93% of the company's total carbon footprint, followed by Scope 2 emissions at 1.93%. a

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