Red Electrica
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.
DitchCarbon Score
How does Red Electrica's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Red Electrica's score of 62 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Red Electrica's reported carbon emissions
In 2024, Red Eléctrica de España (Grupo Red Eléctrica) reported total carbon emissions of approximately 1,536,000,000 kg CO2e. This includes 25,992,000 kg CO2e from Scope 1 emissions, primarily from mobile and stationary combustion, and 513,116,000 kg CO2e from Scope 2 emissions, mainly from purchased electricity. The company also disclosed significant Scope 3 emissions, totalling about 763,304,500 kg CO2e, which encompass various categories such as investments and purchased goods and services. Red Eléctrica has set ambitious climate commitments, aiming for a 55% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2019 as the baseline year. Additionally, the company targets a 28% reduction in Scope 3 emissions within the same timeframe. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2050. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect the company's commitment to achieving net-zero greenhouse gas emissions across its value chain by 2050. The emissions data and reduction targets are sourced from Redeia Corporación, S.A., the parent company, ensuring a comprehensive approach to sustainability and climate action.
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| 2011 | 2012 | 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 68,304,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Red Electrica is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
