Our Strategy

Feeding futures for a planet that prospers and for people that thrive

Sovena Feeding Futures signature drives its purpose of accelerating the evolution of food on a global level. We aim to be a world reference in the food sector, aware of new needs and trends, dedicated to preserving the best the earth has to offer, strongly committed to the Planet and People.

Our strategy Feeding futures for a planet that prospers and for people that thrive is based on our purpose and leads Sovena towards constant improvement, designing paths that are increasingly focused, effective and adapted to the realities, challenges and the future we foresee.

In 2023 we started a new cycle.

We aim to ensure business's prosperity, strengthening our foundations, while promoting an efficient and circular food production, enabling our employees' and surrounding communities’ development, and enhancing suppliers' responsible practices and consumer's informed choices.

Below this ambition we identify four key enablers for action, our Foundations:

Quality and Food Safety
Safe Workplace
Business Integrity
Innovation and Development

… and three Strategic pillars:

Efficient and circular food production
Professional development and well-being
Responsible value chain

For more information, see the Sustainability Report 2023

Our commitments

A step forward to address current and upcoming challenges while maximizing our positive impact

Ambition 2030	Ensure the prosperity of our business, by strengthening our foundations, promoting efficient and circular food production, fostering the development of our employees and surrounding communities, and enhancing responsible practices among suppliers, while empowering consumers to make informed choices.
Strategic pillars 2023-2026	Efficient and circular food production		Professional development and well-being		Responsible value chain
Commitments	Decarbonize our activities by reducing fossil fuel consumption, improving process efficiency, energy transition, and technological innovation	Promote the preservation and efficient management of natural resources	Foster an inclusive and balanced approach to all dimensions of employees’ life within the organization	Develop and value people through upskilling and reskilling in connection with local communities	Foster sustainable raw-material access and responsible environmental and social practices across the supply chain	Promote awareness for informed choices and the adoption of healthy and sustainable diets
Goals	By 2030 10% reduction in GHG emissions (scope 1 and 2) until 2026 and 25% until 2030 (baseline 2023) 7 industrial plants with self-consumed renewable electricity from on/off-site production Conclusion of 8 R&D projects developed in partnership for deepening knowledge and finding solutions to decarbonization / circularity challenges	By 2026 30% reduction in water consumption from third party suppliers Efficient management of water, soil and biodiversity resources according to best practices for all existing and new farms By 2030 Water and Energy Management System across all industrial plants	By 2026 Definition and implementation of an inclusion-oriented program in Portugal and Spain By 2030 efr certification in 5 geographies	By 2026 6 courses in an upskilling/ reskilling program (ext.) 60 participants in upskilling/ reskilling executive programs (int.) +90% leadership positions trained in sustainability 180 students participating in Education Programs	By 2026 Foster discussion of key sustainability topics through the promotion of annual events, reaching +400 people per year By 2030 Monitoring program covering 90% of top suppliers according to environmental and social criteria	By 2026 (PT) + 12,000 visitors to Lagar do Marmelo (BR) + 1,200 people supported by the Revoa project (USA) Promote consumer awareness about the benefits of olive oil through active participation and support in relevant annual community events

Foundations

(Key enablers for action /
Our way of working)

Quality and Food Safety

Safe Workplace

Business Integrity

Innovation and Development

United Nations Sustainable Development Goals (SDG)

We actively contribute to the United Nations Sustainable Development Goals (SDG) through our strategy and action plan, specifically aligning our efforts with those goals where our actions have a more significant impact.