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 65 is higher than 98% 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 reported total carbon emissions of approximately 1,546,000,000 kg CO2e, comprising 25,992,000 kg CO2e from Scope 1, 513,116,000 kg CO2e from Scope 2, and 763,304,500 kg CO2e from Scope 3 emissions. This reflects a commitment to reducing emissions intensity, with a target to decrease Scope 1 and 2 emissions per MWh transported by 40% by 2030, compared to 2015 levels, which translates to a 30% reduction in absolute emissions. In 2023, the company recorded total emissions of about 1,586,000,000 kg CO2e, with Scope 1 emissions at 29,570,000 kg CO2e, Scope 2 at 591,970,000 kg CO2e, and Scope 3 at 719,510,000 kg CO2e. This indicates a slight increase in emissions compared to 2024, highlighting the ongoing challenges in achieving their targets. Red Eléctrica has set ambitious long-term goals, aiming for net-zero greenhouse gas emissions across its value chain by 2050, with interim targets of reducing Scope 1 and 2 emissions by 55% and Scope 3 emissions by 28% by 2030, using 2019 as the baseline year. These commitments align with the United Nations Business Ambition for 1.5°C initiative, demonstrating the company's dedication to climate action and sustainability in the energy sector.
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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.
