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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.
50
DitchCarbon score
+34 vs industry average
Red Electrica’s score of 50 is higher than 76% 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
Very High
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Red Electrica's reported carbon emissions
Red Electrica, headquartered in Spain, reported total emissions of approximately 1.28 billion kg CO2e in 2024. This included Scope 1 emissions of about 25.68 million kg CO2e, Scope 2 emissions of around 513.10 million kg CO2e (market-based), and Scope 3 emissions of approximately 749.78 million kg CO2e.
Looking back, their total emissions in 2023 were about 1.35 billion kg CO2e, with Scope 1 at roughly 29.57 million kg CO2e, Scope 2 at about 592.00 million kg CO2e (market-based), and Scope 3 at around 719.51 million kg CO2e. In 2022, total emissions stood at approximately 1.21 billion kg CO2e, comprising Scope 1 emissions of about 21.15 million kg CO2e, Scope 2 emissions of around 727.21 million kg CO2e (market-based), and Scope 3 emissions of roughly 465.82 million kg CO2e.
Red Electrica is committed to significant climate action, with Science Based Targets initiative (SBTi) approved targets cascaded from Redeia Corporación, S.A. These commitments include reaching net-zero greenhouse gas emissions across the value chain by 2050 from a 2019 base year.
Their near-term targets aim for a 55% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2019 base year. Additionally, they commit to reducing absolute Scope 3 GHG emissions by 28% within the same timeframe. For the long term, Red Electrica is committed to a 90% absolute reduction in Scope 1 and 2 GHG emissions by 2050 from a 2019 base year, and a 90% reduction in Scope 3 GHG emissions within the same timeframe. The company also has a specific target to achieve a 25% net reduction in SF6 emissions by 2030 compared to 2015 levels.
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Red Electrica’s Climate Goals (2030 & 2050)
7 goals2050
90% reduction in Scope 2
Grupo Red Eléctrica commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year.
At risk90%
2030
55% reduction in Scope 2
Grupo Red Eléctrica commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2030 from a 2019 base year.
At risk55%
2050
90% reduction in Scope 1
Grupo Red Eléctrica commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2050 from a 2019 base year.
Behind target90%
See all 7 climate goals
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
9 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Red Electrica5 days ago
50
FIElectrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant WholesalersView
8 days ago
100
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Frequently asked questions
Common questions about Red Electrica’s sustainability data and climate commitments
In 2024, Red Electrica reported total carbon emissions of approximately 1.28 billion kg CO2e. The largest portion of these emissions, around 750 million kg CO2e, comes from Scope 3 activities. Scope 2 emissions, calculated on a market-based approach, were about 513 million kg CO2e, while Scope 1 emissions were approximately 25.7 million kg CO2e. This breakdown highlights the significant contribution of the value chain to the company's overall carbon footprint.
Data year: 2024
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