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27 September 2024
REN improves nine positions in Merco's ESG ranking
REN – Redes Energéticas Nacionais moved up nine positions in Merco's ESG Responsibility ranking, the only index audited by KPMG, reaching 40th position overall and 4th among companies in the energy sector. This rise reflects REN's commitment to continuously improving its governance, as well as its social and environmental responsibility practices.
In May this year, REN presented its new 2024-2027 Strategic Plan, reinforcing its commitment to sustainability. This plan includes strengthening of ESG goals, contributing to the energy transition while ensuring sustainable growth. Among the established objectives, the reduction of Scope 1 and 2 emissions by 60% by 2030 stands out, surpassing the previous target by 10 percentage points (compared to 2019). Additionally, there's a target for a 30% reduction in Scope 3 emissions by 2030 (compared to 2021). REN is also committed to achieving carbon neutrality by 2040.
Other milestones of the Strategic Plan include the goal of having one third of management positions held by women by 2030, as well as enhancing employee skills, with 100% of employees receiving ESG training by that date. The company will also intensify its support for communities and aims to have 100% of its financial obligations as green bonds by 2030. Furthermore, it will continue to integrate ESG criteria as a key performance metric throughout the organisation.
Merco (Corporate Reputation Business Monitor) was launched in 2000 and is now one of the world's leading corporate reputation monitors. It annually evaluates companies based on criteria of corporate responsibility, governance, environmental impact, and social practices. It is the world's first audited monitor, where the monitoring and verification of its production process and end results undergo an independent review by KPMG. Merco is currently present in 19 countries, publishing the Portuguese index since 2018.
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REN - Transformamos desafios em energia
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