The Executive Chairman of Red Eléctrica de España, José Folgado, today received the certificate for the EFQM European Seal of Excellence 500+, the highest level of recognition of the European Seal of Excellence awarded by the Club for Management Excellence (Club Excelencia en Gestión), the official representative in Spain of the European Foundation for Quality Management (EFQM). Of the 64 Spanish companies who currently hold an EFQM European Seal of Excellence 500+, Red Eléctrica is one of only two companies to have obtained more than 700 points, according to data from the Club for Management Excellence, and is part of the selective group of European companies leaders in Excellence.
Following the evaluation process, conducted by SGS, one of the certification companies authorised by the Club for Management Excellence for the granting the EFQM European Seals of Excellence, Red Eléctrica has earned this distinction and improved its rating score with regard to the previous evaluation. Noteworthy is the evolution of the criteria regarding leadership, people management and the key financial results of the Company. As a whole, the most valued aspects are the society results and key financial results of the company. All of this demonstrates Red Eléctrica’s firm commitment to establish itself as a sustainable, ethical and responsible business in the carrying out of its activities and being a benchmark in the markets in which it operates. This orientation towards sustainable development and a culture of excellence have become strategic areas of its business management model and its commitment to society.
According to Ignacio Babé, Secretary General of the Club for Management Excellence, "Red Eléctrica’s approach towards society, the management of its financial and economic resources to ensure the continued success of the Company and its policy on developing key alliances evidence that the path towards Red Eléctrica’s excellence is part of their identity."
Commitment to Excellence
Red Eléctrica adopted the EFQM Excellence Model in 1999. The Company first obtained the European Seal of Excellence at its highest level, 500+, in 2003, becoming the first Spanish electricity company to receive this certification. In 2011 Red Eléctrica received the European Award for Business Excellence in the category "Taking responsibility for a sustainable future" as part of the EFQM awards given each year to the best European companies regarding the adoption of management systems and the most advanced business practices. In 2015, according to data from Club Excelencia en Gestión, The Company consolidates its leadership at both the national and European level.
About Red Eléctrica de España
Red Eléctrica de España is the company responsible for the high voltage transmission of electrical energy and proper functioning of the Spanish electricity system. With over 43,000 kilometres of high voltage electricity lines, which form a meshed, robust and reliable grid, the Company offers the highest level of service quality indices while ensuring at all times the balance between electricity generation and consumption in Spain.
About the Club Excelencia en Gestión
the Club for Management Excellence (Club Excelencia en Gestión) is a private non-profit association created through the initiative of the main Spanish companies whose mission is to boost the global competitiveness of organisations and professionals. It currently has over 230 associated organisations of all sizes and from all sectors.
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