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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 2024, 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 15 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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b
0000000
Total Scope 3
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a
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a
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a
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
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a
0000000
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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 2024
a. Sonae's Integrated Report 2024
b. Sonae's Integrated Report 2023
b. Sonae's Integrated Report 2023

Insights into Sonae's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSonae amounted to168,949metric 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 2023, the total operational greenhouse gas (GHG) emissions of Sonaedecreased by 8.57%, 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

2021202220232024020 k40 k60 k80 ktCO2e+11%+1%+18%
  • Total Scope 1
  • Year-over-Year Change

What are Sonae's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sonae were 79,348 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Sonae reduced its Scope 1 emissions over time?

Since 2021, Sonae's Scope 1 emissions have increased by 32.36%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Sonae's Scope 1 emissions increased by 18.23%, 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 2024, Sonae reported Scope 2 greenhouse gas (GHG) emissions of 73,439 tCOâ‚‚e using the market-based method and 89,601 tCOâ‚‚e 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 34.09%, reflecting a declining long-term trend in Scope 2 emissions over time.ab

Compared to the previous year(2023), Sonae's Scope 2 emissions(Location-Based) fell by 23.85% in 2024, 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 2024, 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

2021202220232024035 k70 k105 k140 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sonae's Value Chain Emissions

In 2024, Sonae reported 9,318,730 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Sonae includes a breakdown across 15of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a

Sonae's Scope 3 Emissions Over Time

202120222023202402.5 M5 M7.5 M10 MtCO2e+47%-5%+11%
  • Total Scope 3
  • Year-over-Year Change

What are Sonae's Scope 3 emissions?

In 2024, Sonae reported total Scope 3 emissions of 9,318,730 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 85.94%of these emissions originated from upstream activities such as purchased goods and capital goods, while 14.06%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 emissionshave increased by 55.85%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Sonae's Scope 3 emissions increased by 10.94%, suggesting that the company faced challenges in reducing emissions across its value chain.a

What categories of Scope 3 emissions does Sonae disclose?

In 2024, Sonae reported emissions for 15 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 2024, the largest contributors to Sonae's Scope 3 emissions were:a

  • Purchased Goods and Services (Cat. 1): 7,275,953 tCOâ‚‚e(78.08%)
  • Use of Sold Products (Cat. 11): 1,175,506 tCOâ‚‚e(12.61%)
  • Downstream Transportation and Distribution (Cat. 9): 365,949 tCOâ‚‚e(3.93%)

Sonae's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(78.1%)Use of Sold Products(Cat. 11)(12.6%)DownstreamTransportation andDistribution(Cat. 9)(3.9%)

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

In 2024, Sonae reported Scope 1 greenhouse gas (GHG) emissions of 79,348 tCOâ‚‚e and total revenues of USD 10,351 millions. This translates into an emissions intensity of 7.67 tCOâ‚‚e per millions USD.a

Sonae's Scope 1 Emissions Intensity Compared to Peers

102005,000100,0002,000,000Scope 1 Emissions (tCO2e)502002,00010,00050,000Revenues (Millions of USD)FWBRyohin KeikakuYear: 2024Scope 1: 1,376 tCO2eRevenue: $M 4,567Scope 1 Intensity: 0.30 tCO2e/$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: $M 10,315Scope 1 Intensity: 4.50 tCO2e/$MNordstromYear: 2024Scope 1: 25,890 tCO2eRevenue: $M 14,557Scope 1 Intensity: 1.78 tCO2e/$MShoprite HoldingsYear: 2025Scope 1: 637,711 tCO2eRevenue: $M 14,278Scope 1 Intensity: 44.66 tCO2e/$MShinsegaeYear: 2024Scope 1: 20,244 tCO2eRevenue: $M 4,478Scope 1 Intensity: 4.52 tCO2e/$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: 2024Scope 1: 690,780 tCO2eRevenue: $M 8,641Scope 1 Intensity: 79.94 tCO2e/$MIsetan Mitsukoshi HoldingsYear: 2025Scope 1: 26,479 tCO2eRevenue: $M 3,704Scope 1 Intensity: 7.15 tCO2e/$MHyundai Department StoreYear: 2024Scope 1: 21,006 tCO2eRevenue: $M 2,854Scope 1 Intensity: 7.36 tCO2e/$MPuuiloYear: 2024Scope 1: 68 tCO2eRevenue: $M 399Scope 1 Intensity: 0.17 tCO2e/$MFFFirst SteamshipYear: 2024Scope 1: 20 tCO2eRevenue: $M 148Scope 1 Intensity: 0.13 tCO2e/$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: 2024Scope 1: 61,026 tCO2eRevenue: $M 1,558Scope 1 Intensity: 39.17 tCO2e/$MBBBizim Toptan Satis MagazalariYear: 2024Scope 1: 19,815 tCO2eRevenue: $M 1,081Scope 1 Intensity: 18.34 tCO2e/$MWoolworths HoldingsYear: 2025Scope 1: 48,297 tCO2eRevenue: $M 4,494Scope 1 Intensity: 10.75 tCO2e/$MRustaYear: 2025Scope 1: 119 tCO2eRevenue: $M 1,224Scope 1 Intensity: 0.10 tCO2e/$MTakashimayaYear: 2024Scope 1: 18,204 tCO2eRevenue: $M 3,094Scope 1 Intensity: 5.88 tCO2e/$MAtacadaoYear: 2024Scope 1: 253,585 tCO2eRevenue: $M 18,718Scope 1 Intensity: 13.55 tCO2e/$MKohlsYear: 2024Scope 1: 46,653 tCO2eRevenue: $M 16,221Scope 1 Intensity: 2.88 tCO2e/$MMarks and Spencer GroupYear: 2025Scope 1: 210,164 tCO2eRevenue: $M 17,877Scope 1 Intensity: 11.76 tCO2e/$MMacy'sYear: 2023Scope 1: 67,002 tCO2eRevenue: $M 23,866Scope 1 Intensity: 2.81 tCO2e/$MSonaeYear: 2024Scope 1: 79,348 tCO2eRevenue: $M 10,351Scope 1 Intensity: 7.67 tCO2e/$M

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

In 2024, Sonae reported a Scope 1 emissions intensity of 7.67 tCOâ‚‚e per millions USD. Compared to the peer group median of 6.59, 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 2024, Sonae ranked 15 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e 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 2024, Sonae reported a total carbon footprint of 9,487,679 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 10.52% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a

The largest contributor to Sonae's total carbon footprint was Scope 3 emissions, accounting for 98.22% of the company's total carbon footprint, followed by Scope 2 emissions at 0.94%.a

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