REN’s sustainability strategy has four key points: the promotion of internal well-being, stakeholder engagement and satisfaction, environmental protection, and governance and ethics – and is directly linked to the 17 Sustainable Development Goals (SDGs), created in 2015 by the United Nations.
The strategy shows the company’s commitment to reaching carbon neutrality by 2040, contributing to the fight against climate change and investing in a management model aligned with sustainable development.
REN ensures that all its activities obey sustainable principles, follow strict criteria, and respect standards of excellence, without ever losing sight of the positive impact that REN wants to have on the communities and ecosystems where it operates.
REN believes in the importance of valuing its employees, contributing to their personal and professional growth, so that their talent and performance can reach high levels, for their benefit and for the company’s. REN works daily to ensure its employees are provided with the best conditions to carry out their duties, also ensuring diversity and equality at work.
In the areas where it operates and has infrastructures, the company interacts in a constructive manner, developing an active corporate citizenship and contributing to the development of regions, communities, and people, jointly discovering solutions to specific social problems, seeking a more sustainable future.
REN has played a relevant role not only in the decarbonisation of gas and electricity infrastructures, but also in the decarbonisation of its operations and in the involvement of the supply chain, as well as in environmental protection, whether through the implementation of policies to defend biodiversity, to defend native forests and their restoration, or through environmental education.
In 2021, REN presented a new Strategic Plan for the 2021–2024 period, in which sustainability is one of the fundamental pillars. In the Plan there is a reinforcement of environmental policies and commitments, investing in projects related to decarbonisation and in performance evaluation metrics taking into account ESG criteria (environment, social, and governance).
Reducing emissions by 50% by 2030
Achieving carbon neutrality
One third of the senior management positions held by women by 2030
Increased weighting of ESG in manager performance metrics
Commitment that all new bonds issued will be “green”
The United Nations 2030 Agenda for Sustainable Development addresses several dimensions of sustainable development (social, economic, and environmental) and promotes peace, justice, and the effectiveness of institutions, naturally integrating the 17 Sustainable Development Goals.
REN’s sustainable development strategy is directly linked to these 17 goals, created in 2015. Of these, REN has set nine as fundamental to its daily performance.
In 2005, REN joined the United Nations Global Compact initiative. This is based on ten fundamental principles in the areas of human rights, labour practices, environmental protection, and anti-corruption.
In addition to the commitment to align its strategy and operations with compliance with these principles, REN has also taken on the responsibility of providing annual information on their implementation.
In 2022, REN was one of around 850 companies that made this communication in a more structured and detailed way.
The Business Council for Sustainable Development Portugal is a non-profit association representing over 140 leading companies in Portugal that are actively committed to the transition to sustainability.
Portuguese network of the United Nations Global Compact, which brings together the initiative’s participants that operate or are headquartered in Portugal.
Association made up of companies and business groups with relevant economic activity in Portugal and with the common ambition of contributing to the development of a more prosperous and fairer Portugal.
Forum organisations for equality. Comprising 69 organisations, both national and multinational, from the public, private, and social economy sectors with operations in Portugal. All of them are committed to strengthening their organisational culture, promoting the principles of equality between women and men in employment.
Project seeking to enable the rapid Portuguese implementation of the production, storage, transmission, and use of green hydrogen at competitive costs.
European association representing the interests of the hydrogen industry and its stakeholders and promoting hydrogen as an enabler for a zero-emission society.
Entity supporting the large-scale deployment of clean hydrogen technologies by 2030, bringing together renewable and low-carbon hydrogen production, demand in the industry, mobility and other sectors, and hydrogen transmission and distribution.
Initiative promoted by BCSD Portugal within the scope of act4nature international, with the aim of mobilising companies to protect, promote, and restore biodiversity.
European initiative promoted by IENE – Infrastructure and Ecology Network Europe, together with association EpE – Entreprises pour l’Environnement, seeking to create a collective international dynamic to protect, enhance, and restore biodiversity in a sustainable manner.
Collaboration between non-governmental organisations and national energy transmission system operators with the mission of promoting the sustainable development of energy networks, in line with the Paris Agreement commitment.
Collaborative Laboratory for Integrated Forest and Fire Management: a non-profit association whose mission is to promote the integrated management of forests and fire.
Call to action to encourage business leaders to promote the defence of human rights and the improvement of people’s living conditions.
Underwritten by 82 Portuguese companies and organisations, it presents 11 objectives to halt climate change.
Initiative led by the UNEP (United Nations Environmental Programme), in partnership with the European Commission, the UK Government, the Environmental Defence Fund, and major Oil and Gas companies, seeking to reduce methane emissions.
Set of principles offering guidance to companies on how to promote gender equality.
Gender equality accelerator programme for companies participating in the United Nations Global Compact.
The Diversity Charter, an initiative of the European Commission, seeks to encourage employers to implement and develop internal policies and practices to promote diversity.