REN - Redes Energeticas Nacionais SGPS SA

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Direct Lobbying Transparency

Overall Assessment	Comment	Score
Comprehensive	REN discloses a high level of detail about its climate-policy engagement. It names three concrete legislative files—the Gas Decarbonization Package, the EU-level Grid Codes, and the Third Legislative Package for the energy sector—and situates each within its Portuguese operating context. The company also describes how it engages, citing participation “through ENTSO-G” and ENTSO-E, the provision of “technical support for the implementation of the Codes on a national level, in collaboration with the Directorate-General of Energy and Geology,” and work in specialised fora such as the G2021 Task Force, clearly identifying its policymaking targets. Finally, REN is explicit about the outcomes it seeks: it “supports [the Gas Decarbonization Package] with no exceptions,” aims at “achieving implementation of the Third Legislative Package,” and continues to work for full national implementation of the Grid Codes—objectives it says are “aligned with the Paris Agreement.” This combination of specific policies, clearly explained engagement channels and named counterparties, and unambiguous statements of desired policy outcomes demonstrates comprehensive transparency around the company’s climate-related lobbying activities.	4

Lobbying Governance

Overall Assessment	Comment	Score
Strong	REN has established a formal governance process for climate lobbying by creating in its corporate structure the “Cabinet for the European Agenda,” tasked with “monitor[ing] developments in the production of energy related legislation by the EU institutions and relevant lobby groups” and “analyse and report on their impact to the Group's business.” This body also centralises “REN's representation in the institutions of the EU and regional fora, ensuring strategic alignment of REN's interests in the several international working groups, such as ENTSO-E and EURELECTRIC,” demonstrating oversight of both direct and indirect advocacy. REN further reinforces its commitment to its climate strategy through a public position “to conduct your engagement activities in line with the goals of the Paris Agreement.” However, the company does not disclose how frequently the Cabinet’s activities are reviewed or whether there is board-level sign-off, and no specific individual beyond this corporate area is named as responsible for overseeing its climate-related lobbying governance.	3