Sonae Sierra issues sustainability bonds in Portugal

Luís Mota Duarte, Chief Financial Officer and Executive Director of Investment Management at Sonae Sierra, said: “This operation is part of reinforcing our commitment to carbon neutrality by 2040 and our alignment with a circular economy model.”

For more than two decades, Sonae Sierra has integrated sustainability into its corporate strategy. They have been recognized by GRESB Real Estate Assessment as a Green Star for 13 consecutive years. In 2020, the implementation of energy, water, and waste management measures across its assets saved around €15 million in operating costs.

Compared to 2002, the company reduced its electricity consumption by 66% and increased the percentage of waste recycling by 223%. Since 2003, water consumption has decreased by 32%, while since 2005, its CO2 emissions have been reduced by 84%.

The operation was carried out with Caixa Geral de Depósitos, with Caixa – Banco de Investimento as organizer and general coordinator.