A strategy and management based on sustainability

Our Sustainability Strategy supports the company’s strategy, and it reflects the central role of sustainability in the company's 2025-2030 Strategic Update through decarbonisation and the energy transition as key levers to move towards a more sustainable energy model.

The 2025-2030 Strategic Update constitutes the Transition Plan to mitigate the company's climate change impact, outlining the actions, goals, and resources needed to ensure a strategy and business model aligned with the transition to a sustainable economy and the 1.5°C global warming limit set by the Paris Agreement.

 

Our sustainability strategy is implemented through our Sustainable Management Model, which is based on integrating:

  • A governance model that defines responsibilities in terms of sustainability at the various organisational levels and involves all Enagás management.
  • Evaluation tools to identify areas for improvement in the company’s various management areas and in the relationship with stakeholders.
  • A specific action plan defining and comprising the lines of action for the areas identified for improvement. 

 

We have a Sustainable Management Plan encompassing innovation and continuous improvement initiatives to achieve sustainable results in the economic, social and environmental spheres. The Plan is structured according to the material issues identified with our stakeholders.

Learn about the main lines of action of our 2024 Sustainable Management Plan.

  • 2024 Energy Efficiency and Emissions Reduction Plan
  • OGMP2.0 implementation plan for improved quantification and reduction of methane emissions.
  • Turbocompressor electrification plan 2024
  • Strengthening internal control processes for assessing and reporting the financial impact of climate risks and opportunities

  • Signing of the fourth collective bargaining agreement of the Enagás Group.
  • Continuation of the Leadership Programme for managers to develop the skills of the management team in line with the company's new Strategic Update and Transformation Plan.
  • Implementation of a new Remuneration Model in line with the company's challenges and targets, as well as ensuring its competitiveness based on best practices and market trends.
  • Launch of the Enagás Corporate University and implementation of associated initiatives.
  • Transparency and equal pay: completion of the analysis process on the premises of the European Directive for the calculation of an adjusted pay gap and definition of an action plan.
  • Facilitate the management of safety and health from the workplace itself (via a mobile app) and improve user experience and accessibility.
  • Update the information security management system to the new version of the ISO 27001:2022 standard.
  • Enhance physical and mental well-being: 'Hello Health!' campaigns.
  • Project Guide: raising awareness of safety processes through audiovisual media.
  • Consolidate the culture of resilience within the company through various action lines.
  • Develop safety and health requirements for new energies in the transformation of existing infrastructures and new projects.

  • Programmes of environmental objectives and targets 2024.
  • Plan to minimise waste generation and increase recovery/ recycling treatments.
  • Expansion of linear infrastructure areas with vegetation control through the use of extensive livestock.
  • Transparency in risk and water management (CDP Water).
  • Water monitoring plan for transport activity.

  • All professionals are asked to sign the new Code of Ethics.
  • Adaptation of the Compliance Management System to the requirements of the new regulations on artificial intelligence
  • Corruption prevention training for procurement professionals.

  • Update of the Procedure for Managing Sponsorship, Patronage, Donations and Partnerships.
  • First report measuring the impact of partnerships on communities.
  • Advancement in the fulfilment of the 2030 Agenda (SDG) through corporate volunteering with a focus on initiatives linked to improving the employability and social inclusion of vulnerable groups.
  • Promotion of the company's values and culture through the volunteer programme by means of the participation of managers and specific profiles

  • Partner audit to assess the effectiveness of internal control over revenue cycles, accounts receivable, external services and accounts payable at the BBG LNG terminal.
  • Partner audit to assess the procurement management process at the TLA Altamira LNG terminal.
  • Partner audit to assess the procurement process and payment management in Trans Adriatic Pipeline (TAP).
  • Partner audit of the effectiveness of the controls identified in the Internal Control Matrix for the tax, personnel and corporate governance process cycles at Soto La Marina Compressor Station.
  • Partner audit with internal control diagnosis for nonfinancial reporting processes at the SAGGAS LNG terminal.
  • Analysis of supplier performance to ensure compliance with the new Supplier Code of Ethics.
  • Communication campaign to suppliers about the new Supplier Code of Ethics and ESG requirements.

 

We work together with all our stakeholders to achieve optimal levels of dialogue and collaboration that allow us to identify their needs and expectations and integrate them into our management plan by implementing initiatives to create shared value.

We carry out a process of identification, prioritization, impact analysis and engagement with our stakeholders at group and local level at each of our facilities, paying special attention to the most vulnerable stakeholders. This assessment of our stakeholders includes the participation of the different management areas involved and is reviewed periodically to ensure that it adequately reflects their perceptions.

In addition, we provide all stakeholders with clear communication channels so that they can express their demands and concerns at all times, thus ensuring fluid and effective communication. In addition, we carry out awareness-raising and training to ensure that local stakeholders are aware of these communication channels and are able to use them.  In this regard, Enagás is committed to monitoring and analyzing the communications and complaints received.

 

Our stakeholders by sphere of relationship

 

 

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Sector regulation

Ministry for the Ecological Transition and the Demographic Challenge, National Commission on Markets and Competition (CNMC), European Network of Transmission System Operators for Gas (ENTSOG), international regulatory bodies and European institutions

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Share listing and stock market

Investors, rating agencies, analysts and the National Securities Market Commission

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International development

Strategic business and management partners and suppliers

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Financing

Financial institutions

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Business operation

Employees, customers (transmission companies, shippers, distributors and direct consumers in the market), local communities, the Spanish public administration and suppliers

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Reputation

The media

        

How we work with our stakeholders

When the company carries out a strategic update, the first thing we do is identify stakeholders for each area of activity based on the following criteria:

  • The company’s profile and activity
  • The Enagás value chain
  • The strategy
  • The sustainability strategy
  • The risks and opportunities of the gas sector
  • The regulatory framework, regulations, international agreements, relevant voluntary standards
  • Investor demands (financial and sustainable issues)

Once the stakeholders have been identified, we prioritise them by assessing their degree of influence and importance for Enagás, taking into account the criteria mentioned in the identification phase.

After the stakeholders have been identified and prioritised, and based on the results obtained in the prioritisation phase, we select the communication channels and define the key messages for each group:

Level of influenceLevel of importanceStakeholder descriptionStrategyExamples of communication channels
LowLowRequire minimum efforts and supervisionInformation
  • Corporate website
  • Annual Report
  • Newsletter
  • Meetings
HighLowMay be important to influence other powerful groupsInformation
  •  Corporate website / specific site
  • Annual Report
  • Newsletter
  • Periodic meetings
LowHighThey are powerful but with a low level of interest in corporate strategies. They are generally passive, but can suddenly emerge as a result of certain events, moving towards a more influencing position.

Dialogue

  • Surveys
  • Specific communication campaigns
  • Focus group
  • Periodic meetings
HighHighThey are powerful and highly interested in the strategies of the Company and whose feedback must be considered for the assessment of new strategies.

Collaboration

  • Office/Helpdesk
  • Sessions about specific issues
  • Meetings