Sustainability

Sustainability

Responsible business model

The Red Eléctrica Group understands sustainability as the Company's commitment to its long-term continuity and success through the creation of shared value for all its stakeholders when responsibly carrying out its duties and responsibilities.

2017-2019 Sustainability Plan

The 2030 Sustainability Commitment is deployed by means of specific multi-year plans for each of the companies of the Group and through annual project programmes. In this regard, the 2017-2019 Sustainability Plan of Red Eléctrica de España is comprised of 18 essential courses of action that ensure the responsible management of the business and help advance sustainability priorities as well as respond to the expectations of stakeholders.
Essential courses of action Purpose
1. Definition of sustainability criteria in value proposals

Define environmental, social and governance criteria, to be taken into account in the analysis of opportunities for new services and/or activities that generate value.

2. Promoting a culture of innovation

Foster a culture of innovation that responds to current and future challenges and improves the competitiveness of the Company, promoting more efficient processes and progressively moving towards the digitalisation of activities and services.

3. Flexibility and adaptation of people and of ways of working

Evolve the people management model to ensure the resilience and versatility of staff when faced with the requirements for new skills derived from the implementation of future trends, technologies and business activities, focusing on employability and the knowledge transfer.

4. Risk management in sustainability

Integrate sustainability risks in the Group's risk identification, evaluation and control models.

5. Adaptation to climate change

Integrate the risks and opportunities associated with climate change into the Company's operations.

6. Guaranteeing comprehensive corporate security

Develop comprehensive corporate security guidelines, which together with the implementation of the associated management model, enable measures to be put in place to prevent and protect against, and react to, risks and threats that may affect the following: physical security of people and assets, logical security and security of the information of the Company.

Essential courses of action Purpose
7. Exemplary performance regarding corporate governance and integrity

Act with the highest standards in corporate governance matters and promote a culture of commitment, transparency and integrity, going beyond current regulations and anticipating the new requirements of the market and society.

8. Contribution to financial soundness with ESG criteria*

Promote the Company’s financial soundness, through responsible and transparent economic-financial management, to ensure that the required investments are addressed and to maximise shareholder return.

9. Consolidation of the stakeholder relationship model

Develop models that seek interaction with stakeholders that allow long-term and trustworthy relationships to be consolidated, seeking to create partnerships for the generation of shared value.

10. Guarantee quality in employment, health and safety and well-being

Promote internal employability of people during their life cycle as professionals through integration, development and mobility programmes in line with the needs of the Group and consolidate the promotion and protection of the health, safety and well-being of the employees.

11. Responsible supply chain management

Incorporate best practices in the procurement management process, extending the Group’s commitment to sustainability to all links of the supply chain, seeking to promote partnerships.

12. Making progress in the integration of facilities in the territory

Make the facilities compatible with social, economic and environmental development, minimising the impacts of their implementation within the territory through dialogue with stakeholders and the application of preventive and corrective measures throughout the life-cycle of the facilities.

Essential courses of action Purpose
13. Consolidation of the Company’s employer brand

Take steps forward to promote the Group’s reputation as a good employer, promoting the attractiveness of the Company and innovating in strategies according to the new requirements of the market and society.

14. Conservation of biodiversity and natural capital

Promote active environmental management, through the conservation of biodiversity, the restoration of degraded spaces and the efficient use of natural resources.

15. Development of the socio-economic environment

Generate shared value with society, fostering the progress and well-being of the communities and territories in which the Group’s facilities are present.

16. Dissemination of the sustainability commitment

Showcase the Group’s contribution to the development of society and promote awareness of its activity and accountability, in order to consolidate its reputation and increase trust in the Company.

Essential courses of action Purpose
17. Mitigation: reduction of the carbon footprint

Drive measures regarding energy efficiency, the reduction and offsetting of emissions as well as develop new processes and more efficient solutions that reduce the impact of the Group’s activities on climate change.

18. Active participation in the transition towards a new energy model

Be an active agent in the construction of a more competitive and sustainable energy model through the development of the transmission grid and interconnections, the efficient integration of renewable energy, the development and operation of energy storage systems, demand-side management and the integration of the electric vehicle, among other actions.

  • Development of the transmission grid and interconnections
  • Integration of renewable energy
  • Energy storage systems
  • Demand-side management
  • Electric mobility