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Sustainability Report

GRI CORRESPONDENCE TABLE
G Indicator Corresponding Information
Strategy and Analysis
G4-1 Message from the chairman Pages 8-10
G4-2 Impacts, risks and opportunities Pages 57-64; 77,84-86,98, 110, 136
Organizational Profile
G4-3 Name REN – Redes Energéticas Nacionais, SGPS, S.A.
G4-4 Brands and services Pages 16-18
G4-5 Registered office Av. Estados Unidos da América, 55 - 1749-061 Lisbon
G4-6 Countries in which the Company operates Portugal
G4-7 Type and legal nature of ownership Pages 16-18
G4-8 Markets covered Portugal
G4-9 Size of organization Pages 26
G4-10 Description of labour Pages 111-115
G4-11 Employees covered by collective bargaining agreements Page 119
G4-12 Supply chain Page 51-54
G4-13 Significant changes to the organisation or supply chain Page 54
G4-14 Approach to the precautionary principle Page 104-106
G4-15 Participation in initiatives subscribed by the organisation Page 105, UN Global Compact
G4-16 Participation in associations and national / international bodies Page 131-133
EU1 Installed capacity broken down by primary energy source and by regulatory regime REN’s activity does not include the production of energy, and therefore it is not seen as an applicable indicator.
EU2 Production of liquid energy broken down by primary energy source and by regulatory regime REN’s activity does not include the production of energy, and therefore it is not seen as an applicable indicator.
EU3 Number of domestic, industrial, institutional and commercial clients REN’s activity does not include the production of energy, and therefore it is not seen as an applicable indicator.
EU4 Length of transmission and distribution lines (above and underground) by regulatory regime Page 28
EU5 Allocation of CO2 emission licences in accordance with the carbon trading law Page 40
Report Scope and Limits
G4-17 List of all entities included in the organization's consolidated financial statements or equivalent documents. Page 12.14
G4-18 Definition of Report Content and Limits of Aspects Page 107
G4-19 List of Material Aspects Page 107
G4-20 Identification of material aspects inside the organization Page 107
G4-21 Identification of material aspects outside the organization Page 107
G4-22 Measurement techniques and calculation bases Methodological notes - www.ren.pt
G4-23 Significant Changes with Regard to Periods Covered by Previous Reports No changes have occurred with regard to previous report.
Relations with Stakeholders
G4-24 List of stakeholders Pág.108; http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-25 Basis for identification of stakeholders Pág.108; http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-26 Approaches to relations with stakeholders Pág.108; http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-27 Topics and concerns of stakeholders and response Pág.108; http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/envolvimento_com_stakeholders_e_modelo_de_governance/
Report Profile
G4-28 Period covered 1 January 2017 to 31 December 2017
G4-29 Date of last report 2016 Report & Accounts
G4-30 Publishing cycle Annual
G4-31 Contacts Page. 409, sustentabilidade@ren.pt
G4-32 GRI INDEX This table
G4-33 EXTERNAL VERIFICATION Annex - Verification Report 
Governance
G4-34 Governance Structure Page 320-321
G4-35 Process for delegating authority for economic, environmental and social topics from the highest governance body to senior executives and other employees Page 327
G4-36 Appointment of Executive-Level Position or Positions with Responsibility for Economic, Environmental and Social Topics Page 327
G4-37 Mechanisms for Communicating with Shareholders and Employees Page 108; http://www.ren.pt/en-GB/sustentabilidade/our_approach/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-38 Composition of the Highest Governance Body: executive/non-executive; independent Page 335-336
G4-39 Report whether the Chair of the Board of Directors is also an executive officer and his duties Page 338-341
G4-40 Nomination and Selection Processes for the Highest Governance Body and its Committees Page 319
G4-41 Processes for the Highest Governance Body to Ensure Conflicts of Interest are Avoided and Managed. Page 321
G4-42 Development, Approval and Updating of the Organization’s Mission and Values and Mission Statements, Strategies, Policies, and Goals Page 327
G4-43 Measures Taken to Develop/Enhance The Highest Governance Body’s Collective Knowledge of Economic, Environmental And Social Topics At Executive Committee meetings and in the involvement of the different functional areas in these topics.
G4-44 Evaluation of the Highest Governance Body’s Performance Page 334-335
G4-45 Identification and Management of Economic, Environmental and Social Impacts, Risks, and Opportunities by the Highest Governance Body Page 329-331
G4-46 Reviewing the Effectiveness of Risk Management Processes for Economic, Environmental and Social Topics by the Highest Governance Body Page 329-331
G4-47 Frequency of the Highest Governance Body’s Review of Economic, Environmental and Social Impacts, Risks, and Opportunities. Page 321
G4-48 Formal Approval of the Organization’s Sustainability Report Firstly, the Executive Committee and then the Board of Directors are responsible for analysing, formally approving and confirming that all material aspects relating to sustainability are covered in the Sustainability Report
G4-49 Process for Communicating Critical Concerns to the Highest Governance Body Page 108; http://www.ren.pt/en-GB/sustentabilidade/our_approach/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-50 Critical Concerns that were Communicated to the Highest Governance Body
Addressed to the Executive Committee and dealt with in their respective meetings.
G4-51 Relation between Remuneration and Organizational Performance Page 332; 359-369
G4-52 Process used for Determining Remuneration Page 332; 359-369
G4-53 Integration of stakeholders’ views regarding remuneration Page 108; http://www.ren.pt/en-GB/sustentabilidade/our_approach/envolvimento_com_stakeholders_e_modelo_de_governance/
G4-54 Total Annual Compensation for the Organization’s Highest-Paid Individual REN does not publish this information, for confidentiality reasons.
G4-55 Total Annual Compensation for the Organization’s Highest-Paid Individual - increase REN does not publish this information, for confidentiality reasons.
G4-56 Values, Principles and Codes Of Conduct
REN's mission, vision and values can be seen at: http://www.ren.pt/pt-PT/quem_somos/missao_e_valores/
Ethics and Integrity
G4-57 Internal and External Mechanisms for Seeking Advice on Ethical Behaviour
REN has a Code of Conduct which is a reference for the public with respect to company standards of behaviour and in relations with employees and third parties. In addition to ethical rules which must be respected, this Code of Conduct sets out the process for any REN employee, shareholder, customer or supplier or which any other directly involved entity can follow to notify the 
Audit Committee Chairman of possible irregularities or breaches of the Code.
With respect to whistleblowing and the investigation of irregularities, REN also has a procedure which is formally established and approved by management which ensures that such processes are dealt with in a transparent and impartial manner. Of note is that whistleblowing communications are processed confidentiality. Through the REN Code of Conduct, the company provides mechanisms to request guidelines on ethical behaviour. For further information:  http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/
G4-58 Internal and External Mechanisms for Reporting Concerns about Unethical Behaviour
REN has a Code of Conduct which is a reference for the public with respect to company standards of behaviour and in relations with employees and third parties. In addition to ethical rules which must be respected, this Code of Conduct sets out the process for any REN employee, shareholder, customer or supplier or which any other directly involved entity can follow to notify the 
Audit Committee Chairman of possible irregularities or breaches of the Code.
With respect to whistleblowing and the investigation of irregularities, REN also has a procedure which is formally established and approved by management which ensures that such processes are dealt with in a transparent and impartial manner. Of note is that whistleblowing communications are processed confidentiality. Through the REN Code of Conduct, the company provides mechanisms to request guidelines on ethical behaviour. For further information:  http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/
MATERIAL AREAS
Environmental policy/ Environmental management Systems
ENERGY G4-General Forms of Management Page 134
G4-EN3 Direct energy consumption
Page 134 All energy consumed by REN comes from fossil sources. In the case of the REN fleet, only fuel use in service is accounted for. 
G4-EN4 Energy consumption outside of the organization Energy consumption outside of the organization which could be measured is for the air transport of workers when on duty. REN does not have tools to calculate this consumption. However, CO2 emissions relating to this travel is reported in the chapter on emissions (Scope 3 emissions - G4-EN17).
G4-EN5 Energy intensity Ration calculated based on direct energy consumption and energy transmitted. REN´s value is 4,82 GJ/GWh.
G4-EN6 Reduction of energy use Page 138, 142
G4-EN7 Reductions In energy requirements of products and services Page 138, 142
BIODIVERSITY G4-General Forms of Management Page 140-142
G4-EN11 Location and area of operational sites owned, leased, managed in, or adjacent to, protected areas and areas of high biodiversity value outside protected areas Page 140-142
G4-EU13 Comparison between the biodiversity of restored habitats and that of original habitats Monitoring plans have been implemented in work being done on lines and substations, in relation to environmental aspects with greater impact REN has no way of measuring the original state of habitats, as this relates to old facilities for which no information exists on the original state.
G4-EN12 Significant impacts on protected areas or areas with high biodiversity value outside protected areas Page 140-142
G4-EN13 Protected or restored habitats
G4-EN14 Number of IUCN Red List species and national conservation list species with habitats in areas affected by operations, by level of extinction risk
Page 140-142
ENVIRONMENTAL ASPECTS OF PRODUCTS AND SERVICES G4-General Forms of Management Page 134-146
G4-EN27 Initiatives to assess and mitigate environmental impacts Further information at: http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/,  http://www.ren.pt/pt-PT/sustentabilidade/protecao_ambiental/politica_ambiental/avaliacao_ambiental_/avaliacao_ambiental_estrategica/ and http://www.ren.pt/pt-PT/sustentabilidade/protecao_ambiental/politica_ambiental/avaliacao_ambiental_/avaliacao_de_projectos/
G4-EN28 Percentage of products sold and their packaging materials that are reclaimed This indicator is not applicable to REN's activity as the Company does not produce products with packaging.
ENVIRONMENTAL CONFORMITY G4-General Forms of Management Page 134-135
G4-EN29 Legal proceedings and penalties for breach of legislation on environmental issues
In 2017, 11 proceedings relating to administrative environmental offences were brought, 14 cases were concluded and none considered REN culpable. 39 cases were carried forward from previous years. Sum paid in fines: 5102 euros
GENERAL ENVIRONMENT G4-General Forms of Management Page 134-146
G4-EN31 Total environmental protection expenditures by type REN CONSOLIDADO (2017) (€) 49.097 Monitorização 99.783 Auditoria, Consultoria e Comunicação Ambiental 2.890 Gestão de Instalações 3.480.059 Limpeza de Florestas 120.454 Medidas Compensatórias 218.094 Proteção de Avifauna 3.970.379 TOTAL
GRIEVANCE AND COMPLAINT MECHANISMS G4-General Forms of Management Page 134-146
G4-EN34 Number of environmental complaints REN has not received other complaints or complaints formally introduced related to aspects other than those referred to in environmental indicator G4-EN29.
ECONOMIC PERFORMANCE G4-General Forms of Management Page 134-146
Prevention of climate change
G4-EC2 Financial implications, risk assessment and opportunities For further information on risks and implications derived from climate change, please see the CDP questionnaire (2017), available at:  https://www.cdp.net/en/responses/15655?back_to=https%3A%2F%2Fwww.cdp.net%2Fen%2Fresponses%3Futf8%3D%25E2%259C%2593%26queries%255Bname%255D%3DREN%2B-%2BRedes%2BEnerg%25C3%25A9ticas%2BNacionais&queries%5Bname%5D=REN+-+Redes+Energ%C3%A9ticas+Nacionais
EMISSIONS G4-General Forms of Management Page 134-146
G4-EN15 Direct GHG Emissions (Scope 1) Page 137
G4-EN16 Indirect GHG Emissions (Scope 2) Page 137
G4-EN17 Other indirect GHG Emissions (Scope 3) Page 137
G4-EN18 GHG emission intensity Ratio calculated on the basis of scope 1 and 2 emissions and energy transmitted. REN´s value is 2,28 t CO2/GWh. 
G4-EN19 Reduction of GHG emissions Page 138-140
G4-EN20 Managing impacts on biodiversity REN does not manage any products or services that use any ozone layer depleting substances. Over time, all climate control equipment containing ozone layer depleting gases has been replaced in accordance with REN's equipment replacement plan.
G4-EN21 NOx, SOx and other significant emissions into the atmosphere As a result of REN activity, the level of NOx and SOx emissions is considered irrelevant Moreover, this indicator was not considered relevant by our stakeholders.
Occupational Health and Safety
HEALTH AND SAFETY AT WORK G4-General Forms of Management Page 122-126
G4-LA5 Employees represented on safety and occupational health
Percentage of total labour represented on formal health and safety committees 91%.
G4-LA6 Rates of injuries, occupational diseases, lost days, absenteeism and deaths resulting from work activities
Page 123
No of accidents resulting in Sick Leave for REN workers: 4
No of accidents not resulting in Sick Leave for REN workers: 8
No of occupational diseases: 0
G4-LA7 Workers with high incidence or high risk of diseases related to their occupation In 2014, REN started exhaustive work undertaken by highly qualified safety experts to identify hazards and assess risks in all work carried out by employees, through on-site observation. As each stage of this project is concluded or reviewed, it is communicated to and analysed by occupational doctors as a way of contributing to possible correlation between duties and possible occupational diseases. In 2017, no REN employees were identified as being exposed to high disease incidence or high risk activities.
G4-LA8 Health and safety topics covered in agreements with trade unions The topics covered are described in Chapter XI of the Collective Labour Agreement.
Management of human capital and diversity
ECONOMIC PERFORMANCE G4-General Forms of Management Page 110-124
G4-EC3 Coverage of Retirement Plans in the organisation
Pensions plan - 4,501    (thousands of euros)
Medical assistance plan  - 528  (thousands of euros)
EMPLOYMENT G4-General Forms of Management Page 110-124
G4-LA1 Number and rates of new employee hires and employee turnover by age group, gender and region Page 112
G4-LA2 Benefits provided to full-employees that are not provided to temporary or part-time employees Page 122
G4-LA3 Return to work and retention rates after parental leave, by gender 100%
G4-EU15 Percentage of employees eligible for retirement in the next 5 to 10 years by category and region 5 years: 14.10%   10 years: 22.55%. All in Portugal. REN does not have any means of calculating this indicator by category.
G4-EU17 Average of subcontracted employees Page 123
G4-EU18 Training of subcontracted employees
Subcontracted employees receiving training in Safety Areas: 91      
Subcontracted employees with Certification OHSAS18001/NP 4397: 46%
LABOUR PRACTICES G4-General Forms of Management Page 110-124
G4-LA4 Minimum periods of notice in relation to operational changes The notice periods follow those of the General Labour Law.
TRAINING AND EDUCATION G4-General Forms of Management Page 110-124
G4-LA9 Average number of hours training per year, per employee and by category Page 120
G4-LA10 Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing careers
No of Internal Training Courses: 36
No of sabbaticals with guaranteed professional reintegration: 0
No of support programmes for transition to retirement or dismissal: 8
G4-LA11 Employees with performance evaluation and career development
Page 121
100% of the evaluations were completed, about the STAR program 2016.
DIVERSITY AND EQUAL OPPORTUNITIES G4-General Forms of Management Page 110-124
G4-LA12 Composition of Governance Bodies and Breakdown of Employees Per Category
Page 110-124; 315-317
REN has two disabled employees.
EQUAL REMUNERATION FOR WOMEN AND MEN G4-General Forms of Management Page 110-124
G4-LA13 RATIO OF SALARY AND REMUNERATION BETWEEN MEN AND WOMEN BROKEN DOWN PER FUNCTIONAL CATEGORY AND RELEVANT OPERATIONAL UNITS There is no sex discrimination in salary policy and equality is guaranteed by professional category, nevertheless, a culture of merit is promoted.
GRIEVANCE AND COMPLAINT MECHANISMS G4-General Forms of Management Page 110-124
G4-LA16 Number of labour grievances
0, Through the REN Code of Conduct and through compliance with Portuguese legislation, REN ensures the labour rights of all employees. For further information: 
NON-DISCRIMINATION G4-General Forms of Management Page 110-124
G4-HR3 Incidents involving discrimination and actions taken REN complies with Portuguese legislation ensuring human rights and is a signatory to the principles of the UN Global Compact. No incidents involving discrimination were identified in 2017.
FREEDOM OF ASSOCIATION G4-General Forms of Management Page 110-124
G4-HR4 Freedom of association and collective bargaining
REN guarantees freedom of association and collective negotiation in accordance with the ethical principles and rules of behaviour set out in the Code of Conduct. In 2017, no situations were identified in which the right to freedom of association and collective negotiation was at risk. The mechanisms relating to the right to strike are guaranteed by national legislation.
CHILD LABOUR G4-General Forms of Management Page 110-124
G4-HR5 Risk of child labour REN complies with Portuguese legislation prohibiting the contracting of child labour and is a signatory to the principles of the  UN Global Compact. Legal compliance is validated during supervision and audits
FORCED OR COMPULSORY LABOUR G4-General Forms of Management Page 110-124
G4-HR6 Risk of forced and compulsory labour REN complies with Portuguese legislation prohibiting the contracting of child labour and is a signatory to the principles of the UN Global Compact. Legal compliance is validated during supervision and audits.
SUPPLIER EVALUATION G4-General Forms of Management
Page 51-54
For potential suppliers REN has also established a demanding Code of Conduct which sets out the principles they are required to observe with regard to (i) human rights, (ii) the environment, safety and health and (iii) standards of ethics and business integrity.
With respect to the analysis of compliance with the Corporate Governance Code of the Portuguese Securities Commission, the Board of Directors approved the Regulations on Transactions with Related Parties in order to lay down control procedures by the Audit Committee on transactions conducted or to be conducted by REN with related parties and to prevent potential conflicts of interest.
G4-HR10 Suppliers evaluated on human rights
Legal compliance is validated during the supervision of subcontractors and during audits REN complies with Portuguese law, more specifically by ensuring human rights as reflected in the company's Code of Conduct (see answer HR1)
G4-HR11 Negative human rights impacts in the supply chain and actions taken Page 51-54. Legal compliance is validated during the supervision of subcontracting and during audits. REN meets Portuguese legislation, guaranteeing human rights mirrored in the company's code of conduct. REN doesn´t know of any finding of actual or potential significant impacts on human rights in the supply chain.
GRIEVANCE AND COMPLAINT MECHANISMS G4-General Forms of Management Page 110-124
G4-HR12 Mechanisms for complaints concerning human rights
0. Through the REN Code of Conduct and through compliance with Portuguese legislation, REN ensures the labour rights of all employees. For further information: http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/
Safety, reliability, quality and guarantee of supply
CLIENT HEALTH AND SAFETY G4-General Forms of Management Page 110-124
G4-PR1 Phases of product life cycle and services for which health and safety impacts are assessed for improvement and the percentage of products and services subject to these procedures Page 124. All the works of REN are subject to monitoring and operational control of the Portuguese legislation and the company's own requirements, being guaranteed the promotion of occupational health and safety. On the other hand, in 2017, approximately 46% of contractors and service providers of REN had safety management systems implemented and certified according to the standard OHSAS 18001,/NP 4397.
G4-PR2 Cases of legal non-compliance relating to impacts of products and services on health and safety In 2017, in the audit to renew certification of the integrated quality, environment and safety at work management system conducted by APCER (Portuguese Certification Association), one non-conformity was detected relating to the operational control of working and chemical product equipment (Requirement 4.4.6 - Operational Control in standard NP 4397:2008/OHSAS 18001:2007).
G4-EU25 Number of deaths and injuries, including diseases caused by REN’s infrastructures to people outside the Company
0. There were no occurrences in 2017.
PRODUCT AND SERVICE LABELLING G4-General Forms of Management Page 110-124
G4-PR3 Type of product and service information required by procedures and percentage of significant product and service categories subject to such information requirements The service provided by REN not intended directly to the final consumer, so there is no labelling or information regarded as very relevant.
G4-PR4 Cases of legal non-compliance concerning product and service information and labelling There were no cases of non-compliance recorded on the information available in 2017.
G4-PR5 Customer satisfaction Further information at: http://www.ren.pt/pt-PT/sustentabilidade/a_nossa_abordagem/envolvimento_com_stakeholders_e_modelo_de_governance/expetativas_e_resposta/formas_de_comunicacao_as_partes_interessadas/clientes_e_utilizadores_de_infraestruturas/
CONFORMITY G4-General Forms of Management Page 110-124
G4-PR9 Fines for legal non-compliance relating to the provision and use of products and services No fines were recorded in 2017 for legal non-compliance relating to the provision and use of products and services.
AVAILABILITY AND RELIABILITY OF PRODUCTS G4-General Forms of Management Page 59-62; 110-124
G4-EU10 Coverage of long-term demand (including reserves)
REN collaborates with the Directorate General of Energy and Geology (DGEG) in the monitoring of SEN and SNGN supply security. 
Based on prospective reference information on the medium and long-term evolution of the electricity production and the national natural gas systems, the monitoring of supply security consists of assessing the supply-demand balance, taking into account supply and demand evolution and available supplies. This includes capacity increases which are under construction or planned, information necessary for drawing up draft reports on the monitoring of electricity and natural gas supply security.
EFFECTIVENESS OF THE ENERGY SYSTEM G4-General Forms of Management Page 59-62; 110-124
G4-EU11 Average generation efficiency, broken down by energy source and by country or regulatory system REN has no energy production activities so it is not affected by this type of analysis.
G4-EU12 Efficiency in energy transmission and distribution Page 65-79
ACCESS TO SERVICES/PRODUCTS G4-General Forms of Management Page 59-62; 110-124
G4-EU26 Percentage of population not supplied in areas of concessioned distribution, by rural and urban area REN's activity does not include power distribution, so this indicator is not applicable.
G4-EU27 Interruptions to domestic supply and respective duration due to non-payment REN's activity does not include distribution, so this indicator is not applicable.
G4-EU28 Interruption of supply Page 66
G4-EU29 Average duration of supply interruptions Page 66
G4-EU30 Average coefficient of availability of a plant per energy source, country and regulatory system REN's activity does not include distribution, so this indicator is not applicable.
Impact on communities
COMMUNITY G4-General Forms of Management Page 110-124; 126-127
G4-SO1 Nature, scope and effectiveness of any programmes and practices implemented to assess and manage the impacts of operations on communities, including entry, operation and exit Page 126-127
G4-SO2 Operations with negative impacts on local communities Page 126-127
G4-EU22 Movement of persons as a result of expansion or construction of production facilities and transmission lines, from an economic and physical standpoint A significant part of construction of infrastructure on a national level is outsourced. Most construction takes place at a local level.
INDIRECT ECONOMIC IMPACT G4-General Forms of Management Page 126-127
G4-EC7 Development and impact of infrastructure investments and services supported
Page 126-127. 
Owners (contacts): 28000
Compensation processes completed the owners: 1832
Records in the database of owners: 75000
G4-EC8 Significant indirect economic impacts, including the extent of impacts Page 126-127
CORRUPTION G4-General Forms of Management Page 33, 52, 387
G4-SO3 Assessment of corruption risks The Group's accounts are audited by an independent auditor and are subject to external legal certification in accordance with applicable regulations, and it is not therefore our practice to carry out a risk analysis for corruption within REN's units or business areas It should be noted that, to date, there have been no cases against REN companies.
G4-SO4 Training of employees in anti-corruption practices
0%
Although the REN has not promoted any specific training initiative on anti-corruption policies and procedures, the company's Code of Conduct defines the mechanisms for reporting any possible irregularities and violations of the Code (Article 20).
G4-SO5 Actions taken in the event of corruption No corruption cases have been detected involving any of the REN companies See SO3.
CONFORMITY G4-General Forms of Management Page 110-124
G4-SO8 Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with laws and regulations In 2017, there were no fines or non-monetary sanctions.
GRIEVANCE AND COMPLAINT MECHANISMS G4-General Forms of Management Page 110-124
G4-SO11 Number of grievances about impacts on society
0. Through the REN Code of Conduct, the company provides mechanisms to submit grievances and complaints. For further information: 
Economic Performance
ECONOMIC PERFORMANCE G4-General Forms of Management Page 110-124; 150
G4-EC1 Creation and distribution of value
Direct economic value generated: 330 million euros
Direct economic value distributed: 317 million euros
Direct shareholder economic value retained: 12 million euros
G4-EC4 Financial contributions to investment
In 2017, REN received 0 euros in investment funding.
Respect for Human Rights
INVESTMENT G4-General Forms of Management Page 110-124
G4-HR1 Investment agreements with clauses on human rights In Portugal, aspects relating to human rights are covered by the Constitution and in the General Labour Law.  However, REN is preparing a specification to be included in the lists of specifications, which will address requirements on social responsibility to be fulfilled in undertakings and in contracts for the provision of services, which will include human rights 
G4-HR2 Training of employees on human rights
0%
Although REN has not promoted any specific training initiative on human rights, the Company's Code of Conduct covers compliance with human rights, and is known to all employees. Additionally, REN is a signatory to the principles of the UN Global Compact
SAFETY PRACTICES G4-General Forms of Management Page 110-124
G4-HR7 Percentage of security personnel trained in the organization’s human rights policies or procedures that are relevant to operations 0%. REN complies with Portuguese legislation ensuring human rights and is a signatory to the principles of the UN Global Compact. Legal compliance is validated during the supervision of subcontractors and during audits.
ASSESSMENT G4-General Forms of Management Page 110-124
G4-HR9 Total number and percentage of operations that have been subject to human rights reviews or impact assessments Page 51-54. REN activity is developed in Portugal, so this indicator does not apply.
Methodological notes
EC1 Economic value generated: Corresponds to the sum of net added value, net income not related to VAB, financial income and dividends from subsidiaries, subtracted from other costs and losses.
EC1 Economic value distributed Corresponds to the costs relating to employees and management bodies, dividends paid to shareholders, interest payments, payments to the State in taxes, Corporate Income Tax and community support.
EC1 Accumulated economic value Corresponds to the subtraction of the economic value distributed from the direct economic value generated.
EN3 Diesel Conversion factor: 0.837 kg/litre (source: APA (2014) http://www.apambiente.pt/_zdata/DPAAC/CELE/tabela_densidades_combustiveis_2013.pdf) PCI: 42.6 GJ/t (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.89)).
EN3 Petrol Conversion factor: 0.7475 kg/litre (source: Decree-Law nº 142/2010, of 31 December) PCI: 44 GJ/t (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.89)).
EN3 Natural gas Natural gas net calorific value taken from the table of the Portuguese Environment Agency for net calorific values, emission factor and oxidation factor obtained from National Inventory of Atmospheric Emissions (INERPA) published in 2013: 38.44 GJ/t
EN3 Propane Conversion factor (LHV) for LPG: 46 GJ/t (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.89 table)).
EN15+EN16 Direct and indirect emissions of greenhouse gases Total amount of direct emissions of greenhouse gases (SF6 used as dielectric insulator, CH4 from the purges of the gas pipeline, and CO2 from the boiler flare) and indirect emissions (through the consumption of electricity and network losses).
EN15+EN16 Electricity Emission factor: 0.0003091 t CO2/kWh (to date, was not yet available the 2017 factor should be considered for 2016. Source: https://www.edp.pt/empresas/apoio-cliente/origem-energia/).
EN15+EN16 Diesel Emission factor: 0.0741 tCO2/GJ (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.90 table)).
EN15+EN16 Petrol Emission factor: 0.0693 tCO2/GJ (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.90)).
EN15+EN16 Natural gas Emission factor: 0.0561 tCO2/GJ (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.90)).
EN15+EN16 Propane Emission factor: 0.061 tCO2/GJ (source: Portuguese Environment Agency-Portuguese National Inventory Report on Greenhouse 1990-2015 Gases, 2017 (p. 3-99, 3.89).
EN15+EN16 CH4 (purges) Potential global warming value of CH4 defined by the Intergovernmental Panel on Climate Change (IPCC 2013): 28 tCO2eq (considering a composition of 87.89% CH4 in Natural Gas).
EN15+EN16 SF6 (leaks) Potential Global Warming Value of SF6 defined by European Parliament and Council Regulation (EC) No 517/2014 of 16 April 2014 on certain fluorinated greenhouse gases: 22,800 tCO2eq
EN17 Other indirect emissions of greenhouse gases Value calculated by travel agency, based in kms and the application of established a reference value. The value of references 0.289 was calculated according to the GHG Protocol, e.g. the number of miles travelled is multiplied by 1.61 to determine the kilometres travelled. In order to determine GHG emissions, the kilometres are multiplied by the emission factor equal to 0.18 kg CO2 per km.
LA1 Rotation rate ? people leaving the company / average headcount (full contract workers + term  + interns)
LA6 Absenteeism rate
Ratio of the sum of paid leaves of absence (due to illness, accident, maternity and other reasons) and unpaid absences, divided by the total number of theoretical working hours. Hours of absence = hours not worked due to Illness, Work Accident, Personal Matters and other absences, paid and unpaid.
Hours not worked as a result of parental leave and hours justified on family grounds (assistance for children, marriage and death) are not included in the calculation.
LA6 Incidence rate Measures the number of fatal and non-fatal occupational accidents occurring in a given period per one thousand employees at risk in that same period.
LA6 Total severity rate Measures the number of days lost through non-lethal and lethal accidents (1 lethal accident = 7 500 days lost) accounted for in a specific period per million hours worked.
LA6 Severity rate Measures the number of days lost through non-fatal accidents that occur in a given period of time per every million hours worked during the same period.
LA6 Potential workable hours Number of hours theoretically workable based only on the normal working period of workers on working days in the year (excluding holidays and public holidays)
LA9 No of Hours of training per Employee ? Hours of training / average headcount (full contract workers + term  + interns).
EU28 Average frequency of system interruption (SAIFI)
Ratio of the total number of interruptions at delivery points, during a specific period, divided by the total number of  delivery points in the same period.
Electricity: SAIFI corresponds to the average number of accidental interruptions greater than three minutes seen at delivery points during a specific period of time. Gas: Average No of interruptions per output point - ratio between the total number of interruptions at output points during a specific period, divided by the total number of output points at the end of the period under consideration.
EU29 Average duration of supply interruptions (SAIDI)
Ratio of the sum of interruption times at delivery points, during a specific period, divided by the total number of  delivery points in the same period.
Electricity: SAIDI for a specific period of time (generally, one year) is the average accidental interruption time greater than three minutes at delivery points. Gas: Average duration of interruptions per output point (min/output point): ratio between the sum of interruption durations at output points during a specific period, divided by the total number of output points at the end of the period under consideration.