Sonae Sierra reinforces ESG practices with international benchmark recognition
In light of the energy transition challenge, and after defining a series of measures to boost its objective of achieving carbon neutrality by 2040, Sonae Sierra, a multinational real estate company, recently saw the approval by the Science Based Targets initiative of its 2030 goals to reduce emissions in several business areas.
In addition to this acknowledgment, the company also has seen its ESG practices recognized by GRESB, with Green Star ratings for its Sierra Prime and Iberia Coop funds, reinforcing their value for investors.
“The approval of our short-term goals by the SBTi to reduce greenhouse gas (GHG) emissions by 2030, and the five-star classification once again achieved in the GRESB ratings, as Green Star, are a clear example of the work done by Sierra to make its activities and portfolio more sustainable,” said Elsa Monteiro, head of sustainability at Sonae Sierra.
The Science Based Targets initiative (SBTi) is a global initiative that allows co