REN Redes Energeticas Nacionais SGPS S A : certified to issue “Green Bonds”
February 04, 2021 at 07:35 am EST
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REN certified to issue 'Green Bonds'
04.02.2021
As of today (4th February), REN - Redes Energéticas Nacionais is licensed to issue 'green bonds', following the long certification process carried out by the Institutional Shareholder Services (ISS). In its final report, the renowned international independent certifying entity for the sustainability of corporate policies rated REN as B ('Prime'), considering that the company makes a 'significant contribution to the achievement of the sustainable development goals'.
REN's CFO was pleased that a change in the list of requirements to obtain the certification, which took place in 2020, allowed REN to apply for a status until then only available to larger companies. 'Finally, we are in a position to diversify our investors base, by attracting those who already saw REN as a 'green' company, but who will now be able to invest in a future green bond issuance,' said Gonçalo Morais Soares.
However, this certification will not change the goals of the funding policy of the company, which did not turn to markets in 2020. 'The aim still is to keep our rating and a very conservative funding structure,' explained Gonçalo Morais Soares.
On the 8th and 9th February, REN will host a non-deal roadshow to present the results of the ISS report to a number of potential 'green' investors.
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REN - Redes Energéticas Nacionais SGPS SA published this content on 04 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 February 2021 12:34:04 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. 
