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...

REN's GHG Emissions Data Preview

In 2023, REN completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

REN has also provided a category-level breakdown for 8 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into REN's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of REN amounted to 141,916 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of REN decreased by 14.24%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

REN's Scope 1 Emissions Over Time

20212022202309 k18 k27 k36 ktCO2e-6%-8%
  • Total Scope 1
  • Year-over-Year Change

What are REN's Scope 1 emissions?

In 2023, the total Scope 1 emissions of REN were 29,437 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has REN reduced its Scope 1 emissions over time?

Since 2021, REN's Scope 1 emissions have decreased by 13.96%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), REN's Scope 1 emissions decreased by 8.31%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.

What are REN's Scope 2 emissions?

In 2023, REN reported Scope 2 greenhouse gas (GHG) emissions of 112,479 tCOâ‚‚e without specifying the calculation method.

Has REN reduced its Scope 2 emissions over time?

Since 2021, REN's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 11.16%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), REN's Scope 2 emissions (Unspecified Calculation Method) fell by 15.66% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does REN use for Scope 2 reporting?

In 2023, REN reported its Scope 2 emissions using an unspecified methodology.

REN's Scope 2 Emissions Over Time

202120222023035 k70 k105 k140 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into REN's Value Chain Emissions

In 2023, REN reported 72,273 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of REN includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

REN's Scope 3 Emissions Over Time

202120222023025 k50 k75 k100 ktCO2e-8%-14%
  • Total Scope 3
  • Year-over-Year Change

What are REN's Scope 3 emissions?

In 2023, REN reported total Scope 3 emissions of 72,273 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 89.82% of these emissions originated from upstream activities such as purchased goods and capital goods, while 10.18% came from downstream activities like product use, distribution, and end-of-life treatment.

Has REN reduced its Scope 3 emissions over time?

Since 2021, REN's Scope 3 emissions have decreased by 21.19%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), REN's Scope 3 emissions decreased by 14.31%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does REN disclose?

In 2023, REN reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of REN's Scope 3 emissions?

In 2023, the largest contributors to REN's Scope 3 emissions were:

  • Capital Goods (Cat. 2): 46,143 tCOâ‚‚e (63.85%)
  • Purchased Goods and Services (Cat. 1): 8,818 tCOâ‚‚e (12.2%)
  • Fuel- and Energy-Related Services (Cat. 3): 7,539 tCOâ‚‚e (10.43%)

REN's Scope 3 Emissions by Categories

Capital Goods(Cat. 2)(63.8%)Fuel- andEnergy-RelatedServices (Cat. 3)(10.4%)Purchased Goods andServices (Cat. 1)(12.2%)

Insights into REN's Total Carbon Footprint

In 2023, REN reported a total carbon footprint of 214,189 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.26% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to REN's total carbon footprint was Scope 2 emissions, accounting for 52.51% of the company's total carbon footprint, followed by Scope 3 emissions at 33.74%.

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