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Red Eléctrica de España (REE) is a leading player in the electricity sector, headquartered in Madrid, Spain. Established in 1985, the company has been pivotal in the development and management of the Spanish electricity grid, ensuring a reliable supply of electricity across the nation. REE operates primarily in the electricity transmission industry, focusing on the planning, operation, and maintenance of high-voltage networks.
With a commitment to sustainability, REE is at the forefront of integrating renewable energy sources into the grid, making it a key contributor to Spain's energy transition. The company’s innovative approach to grid management and its advanced technological solutions set it apart in the market. Recognised for its operational excellence, REE has achieved significant milestones, including the successful integration of a growing share of renewable energy, solidifying its position as a leader in the electricity sector.
55
DitchCarbon score
+39 vs industry average
Red Electrica’s score of 55 is higher than 77% 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
Very High
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Red Electrica's reported carbon emissions
Red Eléctrica, headquartered in Spain, reported total carbon emissions of approximately 1.28 billion kg CO2e in 2024. This included about 25.68 million kg CO2e from Scope 1, 513.10 million kg CO2e from Scope 2 (market-based), and 749.78 million kg CO2e from Scope 3.
Looking back, their total emissions have fluctuated:
- 2023: Approximately 1.34 billion kg CO2e (Scope 1: 29.57 million kg CO2e, Scope 2 market-based: 591.97 million kg CO2e, Scope 3: 719.51 million kg CO2e).
- 2022: Approximately 1.21 billion kg CO2e (Scope 1: 21.15 million kg CO2e, Scope 2 market-based: 727.21 million kg CO2e, Scope 3: 465.82 million kg CO2e).
- 2021: Approximately 1.17 billion kg CO2e (Scope 1: 24.97 million kg CO2e, Scope 2 market-based: 646.53 million kg CO2e, Scope 3: 497.79 million kg CO2e).
Red Eléctrica has set ambitious climate commitments, validated by the Science Based Targets initiative (SBTi). The company commits to reaching net-zero greenhouse gas emissions across its value chain by 2050 from a 2019 base year.
Their near-term SBTi targets, set from a 2019 base year, include:
- A 55% absolute reduction in Scope 1 and 2 GHG emissions by 2030.
- A 28% absolute reduction in Scope 3 GHG emissions by 2030.
For long-term targets, also from a 2019 base year, Red Eléctrica aims for:
- A 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050.
- A 90% absolute reduction in Scope 3 GHG emissions by 2050.
Additionally, Red Eléctrica has a specific target to achieve a 25% net reduction in SF6 emissions by 2030, compared to a 2015 baseline.
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Red Electrica’s Climate Goals (2030 & 2050)
7 goals2050
90% reduction in Scope 2
Grupo Red Eléctrica commits to reduce absolute scope 2 GHG emissions 90% by 2050 from a 2019 base year.
At risk90%
2030
55% reduction in Scope 2
Grupo Red Eléctrica commits to reduce absolute scope 2 GHG emissions 55% by 2030 from a 2019 base year.
At risk55%
2050
90% reduction in Scope 1
Grupo Red Eléctrica commits to reduce absolute scope 1 GHG emissions 90% by 2050 from a 2019 base year.
Behind target90%
See all 7 climate goals
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Red Electrica17 days ago
55
Frequently asked questions
Common questions about Red Electrica’s sustainability data and climate commitments
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