Sustainability

Sustainability

Commitment to society

Red Eléctrica focuses its socio-environmental commitment on the creation of shared value with society, promoting actions and investments aligned with its business objectives. At the same time, this commitment generates value for the Company while having a positive impact on the territory and its inhabitants. In turn, this represents a contribution of the Company to the achievement of various challenges such as those related to the United Nations’ Sustainable Development Goals or those addressed in the European 2030 Energy Strategy.

Red Eléctrica’s social programme mainly includes actions aimed at the socio-economic development of the territory; the conservation, protection and enhancement of the natural heritage of the municipalities; the dissemination of knowledge regarding how the electricity system works; and transparency in reporting.

Collaborations are formalised through the signing of agreements or collaboration agreements with the entity responsible for the project. The monitoring of the projects is done through a supervisory committee comprised of members of each of the signatory institutions; said committee is not only responsible for the planning and monitoring the actions, but also for the final assessment. The payment of the financial contribution established in the agreement is conditional upon the delivery of a final report justifying the activities carried out and the results obtained.

pdf Principles and priorities of Red Eléctrica’s social action. Document approved by the Management Committee on 17 April 2015 (PDF, 87 KB) - only available in Spanish.

Investment in the community in 2017

In 2017, the Company contributed 6.5 million euros for the development and promotion of social initiatives, amount obtained by applying the LBG (London Benchmarking Group). 59% of the activities were initiatives aligned with the business.

Type of contribution
Monetary 73%
Time 17%
In-kind 1%
Management costs 9%
Reasons for action
Initiative aligned with the business 59%
Social investment 41%
Area of action of social initiatives
Socio-economic development 34%
Education 27%
The Environment 21%
Social well-being 6%
Art and culture 4%
Other 8%

Key indicators: Contribution to the community in recent years