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.

Organisational structure

The 2030 Sustainability Commitment is driven by the management team of the Red Eléctrica Group, whose message is transmitted to the entire organisation and generates a proactive attitude that incorporates sustainability into the day-to-day decision-making.

Since 2018 the Red Eléctrica Group has had a Sustainability Committee within the Board of Directors, as a result of the strategic nature that sustainability has within the Company. The Committee meets monthly to monitor progress on the 2030 Sustainability Commitment and oversee the main actions and proposals in this field. The Sustainability Steering Committee and the Corporate Sustainability & External Relations Area carry out a key role by reinforcing the implication of decision-makers at the highest level within the Company and involving all areas of the organisation in the implementation,supervision and monitoring of the 2030 Sustainability Commitment.

Duties and responsibilities
 
 

Approval

Board of Directors

 
  • Approve the Corporate Responsibility Policy.
 
 

 


Sustainability Committee

 
  • Promote ethical leadership that encourages compliance with the Code of Ethics and the adoption of corporate values, inside and outside the organization.
  • Supervise compliance with the Group's sustainability policies aimed at helping contribute to meet the Sustainable Development Goals.
  • Monitor the Group's strategy and practices in relation to the 2030 Sustainability Commitment and the sustainability policies and how they are linked to the Strategic Plan.
  • Supervise the relationship processes with the various stakeholders.
  • Supervise and coordinate the process of reporting information on sustainability matters in accordance with international standards of reference.
 

Monitoring and assessment

Sustainability Steering Committee

 
  • Propose the Group’s Sustainability Principles and Guidelines.
  • Guarantee the fulfilment of the targets and goals of the Sustainability Commitment.
  • Ensure the establishment of a management system and promote its efficient implementation.
  • Guarantee that stakeholders’ requirements are properly analysed and assessed within the Company’s strategies.
  • Promote internal awareness.
 

Supervision

Corporate Sustainability and External Relations Area

 
  • Advise the Company on matters related to sustainability.
  • Define and design the activities and structural elements of the Group’s management model.
  • Design and monitor the Group’s plans and programmes.
  • Ensure the development and ongoing improvement of the sustainability management systems, structures, plans and projects.
 

Implementation

Organisational Areas

 
  • Carry out their activities and projects in accordance with the principles and guidelines set out in the 2030 Sustainability Commitment, ensuring the involvement of all collaborators concerned.
  • Participate in the implementation of the management model.