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.
+41 vs industry average
Red Electrica’s score of 56 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 Eléctrica, based in Spain and operating in the Electricity nec industry, reported total emissions of approximately 1.28 trillion kg CO2e in 2024. This includes Scope 1, Scope 2, and Scope 3 emissions. In 2023, Red Eléctrica's total emissions were approximately 1.05 trillion kg CO2e. The company has established significant climate commitments, aiming for a 55% reduction in Scope 1 and 2 emissions by 2030, compared to 2019 levels. Furthermore, Red Eléctrica aims for a 28% reduction in Scope 3 emissions by 2030, also against a 2019 baseline. The company has also committed to reaching net-zero greenhouse gas emissions across its value chain by 2050, with long-term targets to reduce absolute Scope 1 and 2 GHG emissions by 90% and Scope 3 GHG emissions by 90% by 2050, from the 2019 base year. For detailed annual emissions data: * **2024:** Total emissions approximately 1.28 trillion kg CO2e. Scope 1 emissions were about 25.7 million kg CO2e, Scope 2 emissions approximately 513.1 million kg CO2e, and Scope 3 emissions about 749.8 million kg CO2e. * **2023:** Total emissions approximately 1.05 trillion kg CO2e. Scope 1 emissions were about 29.6 million kg CO2e, Scope 2 emissions approximately 592.0 million kg CO2e (market-based), and Scope 3 emissions about 719.5 million kg CO2e. * **2022:** Total emissions approximately 486.966 million kg CO2e. Scope 1 emissions were about 21.1 million kg CO2e, Scope 2 emissions approximately 727.2 million kg CO2e (market-based), and Scope 3 emissions about 465.8 million kg CO2e. * **2021:** Total emissions approximately 550.489 million kg CO2e. Scope 1 emissions were about 25.0 million kg CO2e, Scope 2 emissions approximately 646.5 million kg CO2e (market-based), and Scope 3 emissions about 497.8 million kg CO2e. * **2020:** Total emissions approximately 376.668 million kg CO2e. Scope 1 emissions were about 24.4 million kg CO2e, Scope 2 emissions approximately 616.8 million kg CO2e, and Scope 3 emissions about 352.2 million kg CO2e. * **2019:** Total emissions approximately 716.579 million kg CO2e. Scope 1 emissions were about 26.1 million kg CO2e, Scope 2 emissions approximately 792.8 million kg CO2e (market-based), and Scope 3 emissions about 617.5 million kg CO2e. * **2018:** Total emissions approximately 1.072771 billion kg CO2e. Scope 1 emissions were about 36.9 million kg CO2e, Scope 2 emissions approximately 1.01 billion kg CO2e, and Scope 3 emissions about 405.3 million kg CO2e. * **2017:** Total emissions approximately 1.218365 billion kg CO2e. Scope 1 emissions were about 26.5 million kg CO2e, Scope 2 emissions approximately 1.16 billion kg CO2e, and Scope 3 emissions about 2.09 billion kg CO2e. * **2016:** Total emissions approximately 1.07495 billion kg CO2e. Scope 1 emissions were about 28.8 million kg CO2e, Scope 2 emissions approximately 1.05 billion kg CO2e, and Scope 3 emissions about 452.2 million kg CO2e. * **2015:** Total emissions approximately 1.061311 billion kg CO2e. Scope 1 emissions were about 36.9 million kg CO2e, Scope 2 emissions approximately 1.14 billion kg CO2e, and Scope 3 emissions about 624.4 million kg CO2e. * **2013:** Total emissions approximately 832.188 million kg CO2e. Scope 1 emissions were about 79.6 million kg CO2e. * **2012:** Total emissions approximately 957.366 million kg CO2e. Scope 1 emissions were about 77.4 million kg CO2e. * **2011:** Total emissions approximately 873.118 million kg CO2e. Scope 1 emissions were about 68.3 million kg CO2e.
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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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Red Electrica
Frequently asked questions
Common questions about Red Electrica’s sustainability data and climate commitments
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