REN Redes Energeticas Nacionais SGPS SA

Common Name

REN

Country

Portugal

Sector

Utilities

Industry

Utilities - Diversified

Employees

759

Ticker

RENE

Exchange

EURONEXT

Website

www.ren.pt

Description

Redes Energéticas Nacionais SGPS, S.A. is a key player in the energy infrastructure sector, primarily operating in Portugal. The company focuses on the management, operation, and development of essent... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

REN's EU Taxonomy Data Preview

In 2024, REN was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.

The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.

REN has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of REN are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (2 activities)
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
8.1 CCM/CCA - Data processing, hosting and related activities 8.1 CCM/CCA - Data processing, hosting and related activities	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (1 activity)
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000

Metric (tonnes)	2024	2023	2022	2021 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (3 activities)
4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases 4.14 CCM/CCA - Transmission and distribution networks for renewable and low-carbon gases	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000
4.9 CCM/CCA - Transmission and distribution of electricity 4.9 CCM/CCA - Transmission and distribution of electricity	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data. ^c	Data available for purchase 0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies 7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Verified Sources Behind REN’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore REN’s data sources below and access millions more through our Disclosure Search.

a. REN's Integrated Report 2024

b. REN's Integrated Report 2023

c. REN's Integrated Report 2022

Insights into REN's Revenues from Sustainable Activities

In 2024, REN reported EU Taxonomy-eligible revenues of EUR 426.88 million, representing 67.9% of its total turnover. Of this amount, EUR 421.83 million of REN's revenues was classified as EU Taxonomy-aligned, indicating that 67.1% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

REN's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

Have REN's revenues become more sustainable over time?

Compared to the previous year (2023), REN's taxonomy-aligned revenues increased by 3.23%,highlighting REN's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.^{a, b}

How much of REN's revenue is eligible under the EU Taxonomy?

In 2024, REN reported that EUR 426.88 million of its revenue was eligible under the EU Taxonomy, representing 67.9% of the company's total turnover. Of this amount, EUR 421.83 million (67.1% of total revenue) was classified as Taxonomy-aligned. This means that 0.8% of REN's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.^a

How much of REN's eligible revenue is aligned with the EU Taxonomy?

In 2024, REN reported that EUR 421.83 million of its revenue was aligned under the EU Taxonomy, representing 67.1% of its total turnover.^a

This strong alignment suggests that REN has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

How is REN's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2024, REN reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 67%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does REN earn from selling climate-related solutions ?

In 2024, REN reported that EUR 421.07 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 67% of the company's total revenue,indicating that RENprimarily focuseson solutions that support climate action through its commercial activities.^a

Insights into REN's CAPEX from Sustainable Activities

In 2024, REN reported EU Taxonomy-eligible CAPEX of EUR 324.99 million,representing 88.2% of its total CAPEX. Of this amount, EUR 323.08 million of REN's CAPEX was classified as EU Taxonomy-aligned, indicating that 87.7% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

REN's Taxonomy-Eligible Capex Over Time

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

Have REN's increased its investment in sustainable activities over time?

Compared to the previous year (2023), REN's taxonomy-aligned CAPEX increased by 5.66%,highlighting REN's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.^{a, b}

How much of REN's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2024, REN reported that EUR 324.99 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 88.2% of the company's total CAPEX. Of this amount, EUR 323.08 million (87.7% of total CAPEX) was classified as Taxonomy-aligned. This means that 0.5% of REN's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of REN's eligible CAPEX is aligned with the EU Taxonomy?

In 2024, REN reported that EUR 323.08 million of its CAPEX was aligned under the EU Taxonomy, representing 87.7% of its total capital investment.^a

This strong alignment suggests that REN is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

How is REN's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2024, REN reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 88%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much REN is investing in climate-related solutions?

In 2024, REN allocated EUR 324.16 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 88% of the company's total capital expenditure,indicating that RENis prioritizing climate-focused investments as a central part of its overall capital strategy.^a

Insights into REN's OPEX from Sustainable Activities

In 2024, REN reported EU Taxonomy-eligible OPEX of EUR 11.02 million,representing 67.8% of its total operating expenses (OPEX). Of this amount, EUR 11.02 million of REN's OPEX was classified as EU Taxonomy-aligned, indicating that 67.8% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

REN's Taxonomy-Eligible Opex Over Time

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

Have REN's increased its spending in sustainable activities over time?

Compared to the previous year (2023), REN's taxonomy-aligned OPEX decreased by 4.51%, suggesting that REN may have reduced spending on environmentally sustainable activities, adjusted its operational priorities, or decreased the scope of its taxonomy-related disclosures.^{a, b}

How much of REN's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2024, REN reported that EUR 11.02 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 67.8% of the company's total OPEX. Of this amount, EUR 11.02 million (67.8% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of REN's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of REN's eligible OPEX is aligned with the EU Taxonomy?

In 2024, REN reported that EUR 11.02 million of its OPEX was aligned under the EU Taxonomy, representing 67.8% of its total operational expenditure.^a

This strong alignment suggests that REN is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

How is REN's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2024, REN reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 68%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much of REN's operational budget supports climate-related solutions?

In 2024, REN allocated EUR 11.05 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 68% of the company's total OPEX,indicating that RENis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.^a

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REN Redes Energeticas Nacionais SGPS SA

REN's EU Taxonomy Data Preview

Verified Sources Behind REN’s EU Taxonomy Data

Insights into REN's Revenues from Sustainable Activities

REN's Taxonomy-Eligible Turnover Over Time

Have REN's revenues become more sustainable over time?

How much of REN's revenue is eligible under the EU Taxonomy?

How much of REN's eligible revenue is aligned with the EU Taxonomy?

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

How is REN's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does REN earn from selling climate-related solutions ?

Insights into REN's CAPEX from Sustainable Activities

REN's Taxonomy-Eligible Capex Over Time

Have REN's increased its investment in sustainable activities over time?

How much of REN's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of REN's eligible CAPEX is aligned with the EU Taxonomy?

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

How is REN's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much REN is investing in climate-related solutions?

Insights into REN's OPEX from Sustainable Activities

REN's Taxonomy-Eligible Opex Over Time

Have REN's increased its spending in sustainable activities over time?

How much of REN's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of REN's eligible OPEX is aligned with the EU Taxonomy?

REN's Eligibility & Alignment Overview

REN's Contribution to Environmental Objectives

How is REN's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of REN's operational budget supports climate-related solutions?

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