REN Advances Sustainability with Ambitious Emission Reduction Targets and Strategic 2027 Plan

REN Advances Sustainability with Ambitious Emission Reduction Targets and Strategic 2027 Plan

(IN BRIEF) REN – Redes Energéticas Nacionais is gaining international acclaim for its improved ESG performance, as evidenced by upgraded ratings from major sustainability assessors such as S&P Global, Carbon Disclosure Project, Morgan Stanley, ISS ESG, and Sustainalytics. Recognized as one of Europe’s Climate Leaders by the Financial Times and included in Morningstar Sustainalytics’ 2025 ESG Top-Rated Companies List, REN is making notable progress in areas ranging from energy transition to climate change and responsible governance. The company’s 2024 Strategic Plan for 2027 outlines ambitious targets, including a 60% reduction in Scope 1 and 2 emissions and a 30% reduction in Scope 3 emissions before 2030, and a commitment to achieving net zero operational emissions before 2040. REN is also dedicated to promoting the 17 Sustainable Development Goals, increasing female representation in top management to one-third by 2030, and securing financing through green bonds.

(PRESS RELEASE) LISBON, 31-Mar-2025 — /EuropaWire/ — REN – Redes Energéticas Nacionais has increasingly attracted praise for its environmental, social, and governance achievements, with several leading international rating agencies recognizing its strides in sustainability. Notable upgrades from S&P Global, Carbon Disclosure Project, Morgan Stanley, ISS ESG, and Sustainalytics underscore REN’s progress in areas ranging from energy transition and climate resilience to natural resource stewardship, employee recognition, stakeholder value, and sound governance practices.

The company’s commitment to sustainability has also earned it accolades from prestigious publications. The Financial Times recently spotlighted REN as one of Europe’s Climate Leaders, while Morningstar Sustainalytics featured it on the 2025 ESG Top-Rated Companies List. In 2024, REN rolled out its Strategic Plan for 2027, a blueprint that not only reinforces its pledge to accelerate the Energy Transition but also safeguards the financial stability and operational excellence it is known for. This plan sets ambitious targets: a 60% reduction in Scope 1 and 2 emissions and a 30% cut in Scope 3 emissions by 2030, along with a commitment to achieve net zero operational emissions by 2040.

Moreover, REN is dedicated to advancing initiatives that support all 17 Sustainable Development Goals. As part of its forward-looking approach, the company is working to ensure that women fill at least one-third of its top management positions by 2030, and it is focused on securing full corporate financing via green bond issuances.

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SOURCE: REN – Redes Energéticas Nacionais