Overall impact
B (64)

Commentary

Sonae is a strong overall performer. With a 'B' rating of 63.7 for overall impact (71st percentile compared to all companies), Sonae ranks 14th out of 104 industry peers, behind Hannon Armstrong Sustainable Infrastructure Capital, Sachem Capital, NexPoint Real Estate Finance and 10 others, and ahead of Douglas Emmett, Empire State Realty Trust, WP Carey and 87 others. On top material causes for Sonae's industry (REIT), Sonae performs well in Equal Pay and Opportunity (95.6 score), Healthy Oceans (95.5) and Terrestrial Biodiversity (95.7) and performs poorly in Arts and Culture Access (11.0 score), Reduced Waste (26.7) and Clean Water Access (22.4).
Impact
Cause SON.LS
Peer rank
Overall impact

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Impact trend

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Company
Founded
1959
Employees
44,478
Sector
Real Estate
Industry
Diversified REITs
Sub-industry
Diversified REITs
SASB industry
Real Estate
Headquarters
Portugal
Share classes
SON.LS
Description
Sonae, SGPS, S.A. engages in retail, real estate, telecommunications, financial services, and technology businesses. It operates hypermarkets, convenience supermarkets, and franchised supermarkets under the Continente, Continente Modelo, Continente Bom Dia, and Meu Super brands; health and wealth products under the Wells, Arenal and Druni brands; book shops/stationary under the Note! brand; dog and cats products and services under the ZU brand; and cafeteria/restaurants under the Bagga brand. The company also offers electronics and appliances through digital channel and physical stores under the Worten brand; services under the Worten Resolve brands and iServices banner; and pet care products and services under the Musti ja Mirri, Musti, and Arken Zoo, as well as online retail under the Peten Koiratarvike, brands. In addition, it is involved in the provision of telecommunication services to residential, personal, corporate, and wholesale markets; investment management activities; real estate business; financial services; retail of clothing, footwear, accessories, baby and children clothing, and jeans under the MO, Zippy, Losan, and Salsa brands; and invests in health and sustainable food companies. It operates in Portugal, Spain, France, the United Kingdom, Germany, Italy, Romania, Brazil, Mexico, the Netherlands, and internationally. Sonae, SGPS, S.A. was founded in 1959 and is headquartered in Maia, Portugal. Sonae, SGPS, S.A. is a subsidiary of Efanor Investimentos SGPS, SA.
Material causes
Ethos considers the following causes material for Sonae, based on its industry sub-industry Diversified REITs. Learn more about material causes in our methodology overview.

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