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Sonae in World's top ranking for tackling climate change

Sonae in World's top ranking for tackling climate change

2020-12-09
CDP recognised Sonae’s environmental commitment with the A rating, the highest score possible. Only 3% of over 9,000 companies evaluated have reached this distinction. 

Sonae was recognised as a world leader in tackling climate change by the CDP, the benchmark non-profit organisation in the capital markets for assessing companies’ and cities’ environmental performance. The Sonae Group was once again recognised for its specific actions to cut greenhouse gas emissions, mitigate climate risks and develop the low-carbon economy, having progressed to the highest level, the "A List”, that gathers the highest scoring companies in the world in matters of corporate environmental sustainability.

The CDP, a non-profit created 20 years ago under the Carbon Disclosure Project motto, is the leading source of corporate environmental disclosure for hundreds of investors and decision-makers in stock markets across the world. Its scrupulous and in-depth analyses follow a demanding and independent assessment of listed companies’ specific actions and results on Climate, for which its scoring charts are the prime indicator in the validation of sustainability policies. In 2020, the study assessed environmental impacts, risks and opportunities in over 9,000 companies worldwide – the highest number ever – and only 3% made it into the A List. 

According to the CDP, Sonae "is one of a small number of high-performing companies. Through significant demonstrable action on Climate, Sonae is leading on corporate environmental ambition, action and transparency worldwide.”

Cláudia Azevedo, CEO of Sonae, says, "At Sonae, we take on the challenges of the Planet as our own, charting specific plans and actions to address them daily, even if that implies complex structural changes. This is reflected in our ambitious commitment to anticipate carbon neutrality by 2040. This unprecedented recognition by the CDP is proof that the pillars to reach that target have been created. We receive it with great pride and, also, responsibility to continue to innovate in incorporating sustainability into our business management. We are on the right path and we will continue to be ambitious in protecting the Environment and a sustainable economy.” 

Paul Simpson, CEO of CDP, says, "We extend our congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, and is even more impressive in this challenging year marked by COVID-19. The scale of the risk to businesses from climate change, deforestation and water insecurity is enormous, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector will create an ‘ambition loop’ for greater government action and ensure that global ambitions for a net zero sustainable economy become a reality. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”

CDP’s analysis for 2020 was requested by 515 investors and over 150 major purchasers managing the greatest assets in the world’s stock markets. CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. The detailed and independent methodology used by CDP assesses companies, allocating a score of A to D – based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets. Those that don’t disclose or provided insufficient information are marked with an F. 
The full list of companies that made this year’s CDP A List is available at:


About the CDP 
CDP is a global non-profit that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, it leverages investor and buyer power to motivate companies to disclose and manage their environmental impacts. Over 9,600 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2020. This is in addition to the hundreds of cities, states and regions who have disclosed, making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP is a founding member of the We Mean Business Coalition. More information at www.cdp.net.
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