Financial Times ranks REN among Europe's climate leaders for reducing greenhouse gas emissions

REN – Redes Energéticas Nacionais was chosen by the Financial Times as one of the European companies that made the most progress in reducing greenhouse gas (GHG) emissions. In a five-year ranking, between 2018 and 2023, REN appears in the ‘European Climate Leaders’ as having reduced its total emissions by 46.1%.

In its 2024-2027 Strategic Plan, REN reinforced its commitments to the Energy Transition and sustainability issues, without compromising the financial strength and operational excellence that characterise the company.

In the Plan presented last year, REN increased its emission reduction targets for Scopes 1 and 2 to 60% by 2030 (compared to 2019) and for Scope 3 to 30% by 2030 (compared to 2001) and committed to having 100% green debt by 2030.

This is the fifth edition of the ‘European Climate Leaders’ ranking, created by the Financial Times in partnership with German research company Statista. The ranking highlights companies that have achieved the greatest reduction in their Scope 1 and 2 GHG emissions over a five-year period. Other factors are also taken into account, such as companies' transparency regarding scope 3 emissions and collaboration with sustainability assessors such as the CDP and the Science Based Target initiative.

This year, REN's environmental performance was recognised with the highest rating by the CDP, a non-profit organisation that manages the world's only independent environmental disclosure system. REN was elevated to leadership level A - Climate Change, only awarded to organisations with excellent practices. REN's sustainability performance has been recognised by a wide range of entities, which rank it above the industry average. Also this year, REN was included in Sustainalytics' ESG Top-Rated Companies 2025 list.