Red Electrica

Red Eléctrica, an electricity company based in Spain, has reported significant progress towards its climate goals. In 2024, the company's total emissions across Scopes 1, 2, and 3 amounted to approximately 1.28 billion kg CO2e (1,278,243,000 kg CO2e). This figure comprises Scope 1 emissions of about 25.7 million kg CO2e, Scope 2 emissions totalling approximately 513.1 million kg CO2e, and Scope 3 emissions of about 749.8 million kg CO2e.

Red Eléctrica has established ambitious climate commitments, aligning with Science Based Targets initiative (SBTi) validated goals. The company aims for a 55% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, compared to a 2019 baseline. Furthermore, Red Eléctrica is committed to a 28% reduction in absolute Scope 3 greenhouse gas emissions within the same timeframe. Looking towards a more sustainable future, the company has set a long-term target to achieve net-zero greenhouse gas emissions across its entire value chain by 2050. This includes a commitment to reduce absolute Scope 1 and 2 emissions by 90% by 2050 and Scope 3 emissions by 90% over the same period, all from a 2019 base year.