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 97% 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 2023, Red Eléctrica de España (Grupo Red Eléctrica) reported total carbon emissions of approximately 29570000 kg CO2e for Scope 1, 591970000 kg CO2e for Scope 2, and 719510000 kg CO2e for Scope 3. This reflects their ongoing commitment to reducing greenhouse gas emissions across their operations. The company has set ambitious climate targets, aiming for a net-zero greenhouse gas mission across its value chain by 2050, using 2019 as the base year. Near-term goals include a 55% reduction in absolute Scope 1 and 2 emissions by 2030, alongside a 28% reduction in Scope 3 emissions within the same timeframe. Long-term targets are even more aggressive, with a commitment to reduce absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by 2050. Red Eléctrica's emissions data indicates a comprehensive approach to sustainability, with a focus on significant reductions in both direct and indirect emissions. The company is actively working towards these targets, aligning with industry standards for climate action and demonstrating leadership in the electric utilities sector.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 74,980,000 | 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 | 735,590,000 | 000,000,000 | 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 | 180,807,000 | 000,000,000 | 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.
