In February 2015, Enagás presented an update of its Strategic Plan 2015-2017, which continues the approach that the company has been using.
Last year, we continued developing our activity in line with the established drivers and strategic criteria, focusing on the three identified pillars of growth.
Efforts in operating efficiency
Realistic / profitable investment plan
Focus on international growth
Sustainability as a framework for developing Enagás' business
Transmission and storage of natural gas, Liquefied Natural Gas infrastructures, logistical solutions and related activities
Long-term contracts and reputable offtakers
Role as industrial partner with veto powers, Enagás managers in key positions and participation in working groups
Partnerships with local companies / companies with complementary capabilities. Reputable partners
Stable and predictable flows
Enagás upholds the COP21 Global Agreement to keep temperature rises below 2 ºC and proactively helps to achieve this by offering sustainable energy solutions. Gas infrastructures ensure a cleaner and more affordable energy supply to fuel the growing economy and promote social wellbeing, while facilitating the introduction of renewable energy and biogas.
One of Enagás' strategic priorities is to replace carbon-intensive fossil fuels with natural gas:
- Developing infrastructures that allow a highly efficient use of natural gas in the power generation, industrial, commercial and residential markets, thus replacing highly polluting fuels.
- Contributing towards reduced emissions in the transport sector and reducing local contamination by fostering the use of LNG regasification terminals for bunkering (sea transport) as well as developing small-scale LNG solutions (road transport).
- Enabling the penetration of biogas in our transmission infrastructures.
This strategic commitment is reflected in our Climate Change Management Model with specific results: Enagás has been acknowledged as a leading company in sustainability.
Once again we have achieved our targets: investments (both in Spain and worldwide), increased profits and shareholder remuneration, and debt:
Such strategy fulfilment is linked annually to employees' variable remuneration by setting the four strategic drivers as company targets. Variable remuneration of the Chairman and CEO depends on these targets. Therefore, remuneration is linked to economic, environmental and social targets.
|Operational efficiency||Improve the company's financial results||Net profit growth (+0.5% over 2014).||100%|
|Investment plan||Consolidate regulated revenues||97.33%|
|Launch of the company's Strategic Plan||100%|
|Sustainability||Help the development of the company through sustainability and good governance||100%|