Red Electrica

Red Eléctrica, headquartered in Spain and operating within the electricity sector, has reported significant carbon emissions and has established ambitious climate commitments.

In 2024, Red Eléctrica's total reported emissions amounted to approximately 1.34 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling around 25.68 million kg CO2e, Scope 2 emissions at approximately 513.10 million kg CO2e, and Scope 3 emissions reaching about 749.78 million kg CO2e. The company also reported Scope 1 and 2 emissions in 2023 at approximately 621.54 million kg CO2e, with Scope 3 emissions at about 719.51 million kg CO2e. In 2022, their total emissions were around 486.97 million kg CO2e, broken down into Scope 1 emissions of approximately 21.15 million kg CO2e, Scope 2 at roughly 727.21 million kg CO2e, and Scope 3 at about 465.82 million kg CO2e.

Red Eléctrica is committed to substantial greenhouse gas reductions. They have set a target to achieve a 55% reduction in Scope 1 and 2 emissions by 2030, using 2019 as a baseline year. Additionally, they aim for a 28% reduction in Scope 3 emissions within the same timeframe. Looking further ahead, Red Eléctrica has committed to a net-zero target for greenhouse gas emissions across their entire value chain by 2050, building upon a 2019 baseline. This long-term goal includes a projected 90% reduction in absolute Scope 1 and 2 emissions and a 90% reduction in Scope 3 emissions by 2050. The company also has a specific target to reduce SF6 emissions by 25% compared to 2015 levels by 2030. These targets are validated by the Science Based Targets initiative (SBTi).