Suppliers

Responsible supply chain management

The Red Eléctrica Group undertakes the responsible management of its value chain as a sustainability priority, starting with our own people all the way through to our suppliers and customers.

Our suppliers constitute a key stakeholder group for the Company and, therefore, we believe it is necessary to carry out a sustainable management of our supply chain, promoting responsible practices and applying sustainability criteria in all supply chain processes. All of this is reflected in our Corporate Responsibility Policy and as one of the priorities defined in our 2030 Sustainability Commitment.

Red Eléctrica has a responsible supply chain management model that is managed based on the principles of non-discrimination, mutual recognition, proportionality, equal treatment and transparency, and follows the guiding principles laid down in a framework of legislative directives and internal Company codes, policies and regulations.

Our responsible supply chain management model
Framework of the model Levers for ongoing improvement Sustainable management pillars
  • Directive 2014/25/EU and Law 31/2007
  • The Group’s Code of Ethics
  • Supplier Code of Conduct
  • Corporate Responsibility Policy
  • Procurement Policy
  • Guide for the Prevention of Corruption
  • Internal Regulation
  • The Group’s strategic plan
  • Human Resources Master Plan
  • Procurement Plan
  • Audits and assessments
  • Sustainability Plan
  • Satisfaction surveys
  • Definition of objectives and projects
  • Continuous search for the lowest expected cost for the Company
  • Transparency and the separation of functions within the management processes
  • Ethical management and development of suppliers and subcontractors
  • Minimisation of the risk associated with the procurement processes

Extending sustainability principles throughout the supply chain

Red Eléctrica continues to focus on the areas of occupational health and safety, the environment and respect for human rights. The Company monitors the accident severity and frequency ratio of its contractors and is implementing measures to guarantee the safety of all the people who carry out their activity in our facilities.

Within the 2030 Sustainability Commitment, our Climate Change Plan contains a specific objective related to the reduction of emissions associated with the supply chain (Scope 3) and the involvement of our suppliers in Red Eléctrica's commitments. As a first step, we have developed a methodology for the measurement of emissions associated with the supply chain and we will continue to make progress in the development of a work methodology with our suppliers aimed at reducing emissions.

In addition, the Company continues conducting social audits in order to verify correct compliance with the Supplier Code of Conduct.

Red Eléctrica has made a guide available to all of its suppliers to help them incorporate sustainable aspects into their business management.

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