REN Redes Energeticas Nacionais : The four pillars of REN`S sustainability strategy
August 12, 2019 at 07:57 pm EDT
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Stakeholder engagement and satisfaction; promotion of internal welfare; environmental protection; governance and ethics
Every two years, REN consults its stakeholders, and in the process completed at the beginning of this year, the company's main stakeholders identified the issues of Governance and Ethics as priorities, along with already existing issues, namely Stakeholder engagement and satisfaction, Promotion of internal welfare and Environmental protection.
Reflecting this last consultation, a new pillar was added, mirroring the importance of updating and aligning the company's performance with the best international governance ethics practices involving the company's stakeholders and promoting a culture of fighting corruption and absence of risk control. REN already has specific programmes to address this topic, such as the codes of conduct, the certification of the social responsibility management system, and Source - a centralised empowerment programme for the purchasing and qualification of suppliers - and of gestaotransparente.org, of which REN is a signatory, all currently highlighted in the company's Sustainability Strategy.
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REN - Redes Energéticas Nacionais SGPS SA published this content on 12 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2019 23:56:07 UTC
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A. 
