Redeia Valuing Essential
Redeia Valuing Essential, headquartered in Spain, is a leading player in the energy and telecommunications sectors. Founded in 2002, the company has established a strong presence across Europe, focusing on the development and management of essential infrastructure. Specialising in the operation of electricity and telecommunications networks, Redeia offers innovative solutions that enhance connectivity and sustainability. Their commitment to renewable energy and digital transformation sets them apart in a competitive market. With a robust portfolio of services, Redeia has achieved significant milestones, including advancements in smart grid technology and extensive network expansions. Recognised for their strategic initiatives, the company continues to solidify its position as a key contributor to the energy transition and digitalisation in Europe.
DitchCarbon Score
How does Redeia Valuing Essential'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
Redeia Valuing Essential's score of 41 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Redeia Valuing Essential's reported carbon emissions
In 2023, Redeia (Grupo Red Eléctrica) reported total carbon emissions of approximately 719,510,000 kg CO2e. This figure includes 28,692,000 kg CO2e from Scope 1 emissions, primarily from mobile combustion and stationary combustion, and 591,970,000 kg CO2e from Scope 2 emissions, mainly from purchased electricity. Scope 3 emissions accounted for about 719,510,000 kg CO2e, with significant contributions from purchased goods and services, capital goods, and employee commuting. Redeia has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its value chain by 2050, using 2019 as the baseline year. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 55% by 2030 and Scope 3 emissions by 28% 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 commitments align with industry standards and reflect Redeia's dedication to addressing climate change and reducing its carbon footprint in the electric utilities sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2015 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 35,769,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,141,232,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 624,430,000 | 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.
Redeia Valuing Essential is committed to some reduction initiatives 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.
