Skip to main content
European Climate Pact
private sector

REN - Redes Energéticas Nacionais

Overview

Location

Portugal

Sector

Electric utilities

Organisation type
Business

Company Information

REN - Redes Energéticas Nacionais operates in two major business areas:t he transmission in very high voltage electricity and overall technical management of the national electricity system. The company is based in Lisbon, Portugal. In 2021 REN reported 697 employees and anNet income of 97.2 million Euro.*

*Source

Our progress towards decarbonization

 

GHG Emissions

Our actions – the Pathway

  • REN - Redes Energéticas Nacionais has a target to reduce absolute scopes 1 and 2 CO2e emissions 50% by 2030 from a base year of 2019. This is a year-on-year reduction rate of 4.5% over the next 9 years

Pledge: Have a short-medium term GHG emissions reduction target (scope 1+2) with a 2.1% year-on-year reduction at a minimum

  • Have an internal price on carbon 
  • Have a methane reduction target in place
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (15/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

North Star

  • REN - Redes Energéticas Nacionais have a publicly available 1.5°C aligned low-carbon transition plan

MRV: Pact MRV in place

Status date: Submitted (15/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (15/07/2022)

Data source: CDP Climate Change 2022

 

 

    Value chain engagement

    Our actions – the Pathway

    • Have an ongoing and transparent dialogue with our value chain around climate-related issues

    MRV: Pact MRV in place

    Status date: Submitted (15/07/2022)

    Data source: CDP Climate Change 2022