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.Said commitment has been designed taking into account that the priorities and actions of our company contribute significantly to the achievement of the Sustainable Development Goals.
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.
|Framework of the model||Levers for ongoing improvement||Sustainable management pillars|
The Red Eléctrica Group extends its commitment to sustainability to all links in its value chain and has an express commitment to the responsible management of the supply chain, which includes the requirement that its suppliers take on the Group’s principles, priorities, strategy and objective in terms of sustainability. Furthermore, it pursues to convey the importance and active role each supplier plays in the Group's commitment to sustainability, as well as the importance of having everyone pulling in the same direction.
Red Eléctrica voluntarily adheres to various initiatives and professional associations that allow their commitment to sustainability to be strengthened and extended to its to suppliers, noteworthy among these initiatives, is its pledge to the principles of the United Nations Global Compact United Nations Global Compact.
As a company, we continue to focus on the areas of occupational health and safety, the environment and the 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 will continue to make progress in the development of a work methodology with our suppliers that is 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.