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.
+40 vs industry average
Red Electrica’s score of 55 is higher than 80% 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
Red Electrica, based in Spain and operating in the Electricity nec industry, reported approximately 792,097,000 tonnes of CO2e in Scope 1 and 2 emissions for 2024. Their total Scope 1 emissions for 2024 were approximately 25,679,000 kg CO2e, and Scope 2 emissions amounted to approximately 513,097,000 kg CO2e. Scope 3 emissions for the same year were approximately 749,776,000 kg CO2e.
For 2023, Red Electrica's total emissions were approximately 792,097,000 kg CO2e. Scope 1 emissions were about 29,570,000 kg CO2e, with Scope 2 emissions at approximately 591,970,000 kg CO2e (market-based). Scope 3 emissions were approximately 719,510,000 kg CO2e.
Red Electrica has established climate commitments including a target to reduce Scope 1 and 2 emissions by 55% by 2030, compared to a 2019 baseline. They also aim for a 28% reduction in Scope 3 emissions by 2030, also from a 2019 baseline. Furthermore, the company is committed to reaching net-zero greenhouse gas emissions across its value chain by 2050. This includes a commitment to reduce absolute Scope 1 and 2 emissions by 90% by 2050 and absolute Scope 3 emissions by 90% by 2050, both from a 2019 base year. They also target a 25% net reduction in SF6 emissions by 2030 compared to 2015.
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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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Common questions about Red Electrica’s sustainability data and climate commitments
Data year: 2024
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