Centro Vasco da Gama, Credit: Sonae Sierra

Sonae Sierra avoided costs of €15 million in 2020 by implementing eco-efficiency measures

The Company has reduced its CO2 emissions by 84% since 2005 and electricity consumption by 66% since 2002.

In a year marked by an unprecedented health crisis, Sonae Sierra’s sustainable management enabled the Company to avoid €15 million in operating costs, demonstrating the value created by implementing energy, water and waste management measures across its assets.For more than two decades, Sonae Sierra has integrated sustainability into its business strategy, which has translated into the intelligent and eco-efficient management of natural resources and the improvement of health and safety conditions.Compared to 2002, the Company has reduced its electricity consumption by 66% and increased the percentage of waste recycling by 223%. Since 2003, Sonae Sierra has reduced water consumption by 32% and, since 2005, has reduced its CO2 emissions by 84%.The year 2020 marks the evolution of Sonae Sierra’s sustainability strategy which, from 2021, focuses on two priorities.

These include:
A resilient urban environment – With this strategic priority, the Company wants to guarantee the human and business needs of the cities of the future, ensuring their continuity, by making operations sustainable and buildings resilient, through sustainability solutions and the inclusion of responsible investment criteria.

Safe, healthy and involved employees – With this strategic priority, Sonae Sierra wants to ensure a diverse, inclusive and committed workforce, guaranteeing the development of skills and productivity in a safe, healthy and empowering culture.

Elsa Monteiro, Head of Sustainability at Sonae Sierra, explains: “The Company’s sustainability strategy has evolved. It remains at the centre of our business strategy, including the goal to develop solutions that create shared value for the Company, the environment and society, but it broadens the focus to the wider urban space, and not specifically retail real estate. On the other hand, it also expands in ambition for its employees, placing gender equality and talent retention as priorities, in addition to what has already been implemented for the safety, health and motivation of employees. The Company also intends to raise the awareness of employees, customers, partners and other stakeholders of the need to join forces to respond to climate change, setting the target of carbon neutrality for 2040, anticipating the European Commission’s goal by 10 years.”

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Neinver achieves 5 Star Rating in 2021 GRESB Benchmark

Neinver is finalizing a new and ambitious environmental, social and governance roadmap for 2030 and ranks once again among the top 20% of the real estate industry.

Unlocking the Value of Parking Assets as Key Components of Wider Shopping Experiences

“In today’s world, consumers expect quick and effortless service, and parking needs to reflect those changes”

Consumers Love Brands, Brands Love Brands – Start Being a Brand

A thoughtful brand strategy is the essential basis of any marketing effort. The brand, the expectation raised, is what remains after all of the marketing has swept through the room. It is what sticks in your customers’ minds. It is what makes them loyal. It is what makes them think you are worth a visit.

Shopping with All Five Senses

What does that really mean? Retail professionals have been engaged in this discussion for decades. The idea of creating physical, emotional shopping experiences has become an integral part of the retail discussion since physical, brick-and-mortar retail began to decline in popularity.

Pepco opens at six SES shopping locations all over Austria

Following the rapid market exit of shoe retailer CCC from Austria, space in SES shopping centers was quickly allocated to new partners. The Polish discount retailer acquires attractive retail space and will open six new Pepco stores this year.

Mall of Qatar selects Coniq to design first ever customer loyalty program

Coniq’s total customer engagement platform will power Mall of Qatar’s strategy to deliver unique retail experiences for millions of shoppers.