Red Electrica Sustainability Profile
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 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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Red Electrica's reported carbon emissions
In 2024, Red Eléctrica de España (Grupo Red Eléctrica) reported total carbon emissions of approximately 259,920,000 kg CO2e for Scope 1, 513,116,000 kg CO2e for Scope 2, and 763,304,500 kg CO2e for Scope 3. This reflects a significant commitment to reducing its carbon footprint, with a target of achieving a 55% reduction in absolute Scope 1 and 2 emissions by 2030, compared to a 2019 baseline. Additionally, the company aims for a 28% reduction in Scope 3 emissions within the same timeframe. The company has set long-term goals to reach net-zero greenhouse gas emissions across its value chain by 2050, with a 90% reduction target for both Scope 1 and 2 emissions, as well as Scope 3 emissions, from the 2019 baseline. Notably, Red Eléctrica has also committed to a 25% reduction in SF6 emissions by 2030, compared to 2015 levels. These targets are aligned with the Science Based Targets initiative (SBTi) and demonstrate Red Eléctrica's proactive approach to addressing climate change and its commitment to sustainable practices within the electric utilities sector. The emissions data and reduction targets are inherited from its parent company, Redeia Corporación, S.A.
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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 |
How Carbon Intensive is Red Electrica's Industry?
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Red Electrica's Scope 3 Categories Breakdown
Red Electrica's Scope 3 emissions, which increased by 6% last year and increased by approximately 22% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Red Electrica's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Red Electrica has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Red Electrica's sustainability data and climate commitments