REN - Redes Energéticas Nacionais, SGPS, S.A. (RN4.F)

2.2500 +0.0050 (+0.22%) At close: 09:15AM CEST

REN - Redes Energéticas Nacionais, SGPS, S.A.

Avenida dos Estados Unidos da América, 55
Lisbon 1749-061
Portugal
351 21 001 3500
https://www.ren.pt

Sector(s): Utilities
Industry: Utilities - Diversified
Full-time employees: 743

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rodrigo Jorge de Araújo Costa	Chairman & CEO	622.27k	N/A	1959
Mr. Gonçalo João Figueira Morais Soares	CFO & Executive Director	492.97k	N/A	1971
Mr. João Caetano Carreira Faria Conceição	COO & Executive Director	492.97k	N/A	1974
Nuno Ribeiro	Manager of Investment	N/A	N/A	N/A
Ms. Brígida Palma	Manager of Control, Accounting & Tax	N/A	N/A	N/A
Zhang Xin	Chief Technical Officer	N/A	N/A	N/A
Madalena Garrido	Director of Investor Relations	N/A	N/A	N/A
Ms. Marta Almeida Afonso	Manager of Legal Services & Company Secretary	N/A	N/A	N/A
Ana Margarida Ferreirinha da Silva Baptista Moreira Rato	Head of Communications & Sustainability	N/A	N/A	N/A
Teresa Barreiros	Manager of Human Resources	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

REN - Redes Energéticas Nacionais, SGPS, S.A., through its subsidiaries, engages in the transmission of electricity and natural gas in Portugal. It operates in two segments, Electricity and Gas; and Telecommunications. The company operates as a national electricity transmission network; purchases, sells, imports, and exports electricity and natural gas; manages a concession to operate a pilot area to produce electric energy from ocean waves; and operates a telecommunications network. It also operates liquefied natural gas terminal maintenance and regasification facilities; and manages projects and ventures in the natural gas sector. In addition, the company provides underground storage development, maintenance, and operation services; natural gas transport and management services; and distributes natural gas, as well as communication and sustainability, marketing, business management, business development and consulting, and IT project services. Further, it invests in assets, shares, companies, and associations; transmits and transforms electricity in Chile, as well as participates, finances, collaborates, and conducts management of companies; and manages back offices. As of December 31, 2023, it operated national electricity transmission system with 9,409 kilometers of line circuits, 70 transformer substations, and 17 switching and transition stations; and national natural gas transmission network with 1,375 kilometers of high-pressure gas pipelines, 66 junction stations for pipeline branching, 45 block valve stations, 5 T-branch interconnection stations, 85 gas pressure regulating and metering stations, and 2 custody transfer stations. The company was founded in 1994 and is headquartered in Lisbon, Portugal.

Corporate governance

REN - Redes Energéticas Nacionais, SGPS, S.A.’s ISS governance QualityScore as of 1 May 2024 is 6. The pillar scores are Audit: 3; Board: 8; Shareholder rights: 9; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.