. . .

— SUSTAINABILITY AT REN

5

REN's mission is to ensure the uninterrupted supply of energy to the entire country, thus contributing to the development of communities and improved quality of life for the residents of Portugal.

5.1 ›

SUSTAINABILITY APPROACH

REN’S MISSION IS TO ENSURE THE UNINTERRUPTED SUPPLY OF ENERGY TO THE ENTIRE COUNTRY, THUS CONTRIBUTING TO THE DEVELOPMENT OF COMMUNITIES AND IMPROVED QUALITY OF LIFE FOR THE RESIDENTS OF PORTUGAL.

 

This is a task requiring ongoing effort and dedication. However, nowadays, our commitment goes beyond our mission. We believe in active corporate citizenship which promotes significant involvement with the communities in which we work, from both a social as well as an environmental perspective.

Taking on this commitment means that all REN activities are guided by principles of sustainability, adhering to stringent and measurable criteria, respecting the standards of excellence without ever losing sight of the positive impact we wish to have on communities and ecosystems.

 

PROMOTING INTERNAL WEEL-BEING

 

Ensuring a safe working environment in which our employees are able to develop their full potential is a priority for REN. Recognizing the importance of human capital is the key to success.

PROTECTING THE ENVIRONMENT

 

The protection of nature is one of REN’s main commitments. All our sustainability policies are based on the most rational use of company resources and the reduction of environmental impact.

STAKEHOLDER INVOLVEMENT AND SATISFACTION 

 

REN is increasingly active in everyday life. In addition to ensuring improved levels of well-being, it also strengthens the role of communities in company policies.

The sustainability information provided in this annual report refers to 2016 and encompasses the activities of the companies of the REN Group - Rede Eléctrica Nacional S.A., REN Gasodutos S.A., REN Armazenagem S.A., REN Atlântico S.A., REN Trading S.A., REN Serviços S.A., REN Telecom S.A. and ENONDAS, S.A.

This report was prepared in compliance with the fourth version of the Global Reporting Initiative (GRI) guidelines, based on the protocols for general indicators and on the sectoral supplement for the electricity sector. The report has adopted and fully complied with the requirements of the broad GRI level and the principles of the AA1000APS standard.

AA1000APS ACCOUNTABILITY PRINCIPLES STANDARD (2008)

The application of the principles of the AA1000APS standard, which are summarized below, was also reflected in the strategic drivers and in the contents of this report.

Inclusion (participation of stakeholders in the development and implementation of the sustainability strategy): methodologies and processes for involvement and participation of various stakeholders were defined. The results were integrated into the REN sustainability strategy review, a fact also mentioned in the respective chapter.

Relevance (definition of the relevant issues for REN and its stakeholders): in order to identify relevant topics, a benchmark analysis of leading national and international companies and the main industry trends in the sector was carried out. The results of stakeholder consultations held in 2011 and 2013 were also considered. In 2016 began new stakeholder consultation, which concluded in 2017.

Response (REN’s response to relevant issues, through its decisions, actions, performance and communication): REN seeks to meet the expectations and concerns raised specifically by each stakeholder, either individually or generally. In general terms, this report and the REN website are the main forms of communication used to disseminate the company’s strategy, initiatives and performance achieved.

COMMITMENTS

REN respects the commitment arising from having joined, in 2005, the United Nations Global Compact (UNGC) initiative to provide information on its progress in implementing the ten principles regarding human rights, employment protection, environmental protection and anti-corruption measures Further information on this initiative can be consulted on the REN website1.

The annex contains a table showing the correspondence between the contents of this report and the GRI and UNGC guidelines.

This document was verified by Deloitte, an external independent entity, in accordance with the principles of standard ISAE 3000 (International Standard on Assurance Engagements 3000). It also took into consideration the principles of standard AA1000AS (Accountability 1000 Assurance Standard - 2008), and the GRI and AA1000APS (Accountability Principles Standard - 2008).

1 See REN>Sustentabilidade>Abordagem da REN Statement on Social Responsibility Policy, see www.ren.pt/sustentabilidade/abordagem_da_ren/ Statement of Quality, Environment and Security, see www.ren.pt/sustentabilidade/abordagem_da_ren/dade/abordagem_da_ren/