Since 2013, Red Eléctrica has conducted periodic due diligence analyses to identify the risks associated with its activity, both direct and indirect, in the field of Human Rights and encompasses and is applicable across all the companies of the Group. The result of this process shows that the Company has a low risk level and that it applies the appropriate controls for its management, and, therefore, it has not been necessary to implement any remediation action. The identification of risks by means of the supply chain impact matrix is used to complete these analyses.
The Company maintains an approach focused on control and ongoing improvement through the undertaking of actions that enable the prevention of possible infringements as well as the search for solutions and the remediation of any infringement in the event it should occur. The Company is subject to internal and external audits in this area and conducts social audits among its suppliers.
In 2021, the company has initiated a project to improve due diligence mechanisms for the identification and assessment of human rights impacts. The scope of the project includes updating the catalogue of potential impacts by activity, among other tasks. Until the completion of this project, the current impact mapping corresponds to the risk catalogue drawn up in 2013. In addition to the human rights covered by the previous policies and processes this new project tackles more entrenched issues of discrimination within the coverage of the due diligence process. It will also allow the company to conduct a new human rights assessment in the coming months according to a more robust methodology.
Under the same scope of the new 2021 project mentioned above, the company has launched a project to identify and assess the human rights impacts of equality and non-discrimination in the workplace associated with its supply chain.