Red Eléctrica de España (REE) is a leading player in the Spanish electricity sector, headquartered in Madrid, Spain. Founded in 1985, REE has established itself as a pivotal entity in the management and operation of the national electricity grid, ensuring the reliable transmission of electricity across the country.
With a focus on sustainability and innovation, REE is at the forefront of integrating renewable energy sources into the grid, enhancing energy efficiency and security. The company’s core services include the operation of the high-voltage transmission network and the management of electricity flows, which are vital for maintaining balance in the energy system.
Recognised for its commitment to technological advancement, REE has achieved significant milestones, positioning itself as a benchmark in the industry. Its strategic initiatives and robust infrastructure have solidified its market position, making it a key contributor to Spain's energy transition.
+41 vs industry average
Red Electrica’s score of 56 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Red Electrica's reported carbon emissions
In 2024, Red Eléctrica reported total greenhouse gas emissions of approximately 1.3 billion kg CO2e, comprising 25,679,000 kg CO2e from Scope 1, 513,097,000 kg CO2e from Scope 2, and 749,776,000 kg CO2e from Scope 3 emissions. The company has set ambitious climate commitments, aiming for a 55% reduction in absolute Scope 1 and 2 emissions by 2030, compared to a 2019 baseline. Additionally, Red Eléctrica targets a 28% reduction in Scope 3 emissions within the same timeframe. Long-term goals include achieving a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050, also based on 2019 levels. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to reaching net-zero emissions across its value chain by 2050.
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Red Electrica’s Climate Goals (2030 & 2050)
3 goals2030
55% reduction in all scopes
Reduction in scope 1 2 and 2 3 emissions by 55% and scope 3 4 emissions by 28% with respect to 2019.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Red Electrica
Frequently asked questions
Common questions about Red Electrica’s sustainability data and climate commitments
Data year: 2024
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