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.

Participation in organisations and associations

Red Eléctrica is a member of, and actively participates in, various organisations and associations (both national and international) in order to raise awareness and inform about the fundamental aspects of its activities and, in a more general manner, about the electricity sector, and to position itself regarding the development of guidelines and operational criteria for electricity grids and systems, especially in the European Union.

The objective is to provide complete and transparent information to policy makers and legislators so that they have the best possible information at their disposal when making decisions on energy and environmental issues.

Similarly, Red Eléctrica is a member of these entities in order to strengthen the consolidation of alliances and to promote collaboration in the achievement of common objectives. The Company's participation in these multidisciplinary working groups aims to share and extend best practices within the corporate business context in order to jointly respond to global challenges.

Transparency in institutional relations

The presence of Red Eléctrica in the institutions is based on the principles of the Company's 2030 Sustainability Commitment and, in particular, that of transparency.

In addition, Red Eléctrica has been registered in the voluntary ‘UE Transparency Register’ platform, managed by the European Parliament and the European Commission since 2011. In this way, the Company acts in a transparent manner informing its stakeholders of the actions that are carried out to contribute to the decision-making processes of the EU institutions.

In 2019, 66 memberships to various organisations and professional entities were formalised. The following table shows Red Eléctrica’s annual contribution (€) over the last four years for activities regarding representation in organisations and associations.

 

  FY 2016 FY 2017 FY 2018 FY 2019
Lobbying, interest representation or similar 0 0 0 0
Local, regional or national political campaigns / organizations / candidates 0 0 0 0
Trade associations or tax-exempt groups (e.g. think tanks) 1.680.184 1.815.007 2.352.456 2.380.418
Other 0 0 0 0
Total contributions and other spending 1.680.184 1.815.007 2.352.456 2.380.418
Data coverage (as % of denominator) 100% 100% 100% 100%

 

Participation in organisations

Noteworthy is Red Eléctrica’s participation in the following organisations that not only promote a national and international electricity grid comprised of efficient and sustainable infrastructure and which is fully accepted by society, but also place special focus on the integration of renewable energy.

 

Logo ENTSOE

ENTSO-E (European Network of Transmission System Operators for Electricity), network that groups together the transmission agents and operators of electricity systems (TSOs) in Europe, constituted according to the mandate of regulation EC 714/2009


1,969,672€

Logo RGI

Renewable Grid Initiative (RGI), initiative between European TSOs and NGOs

30,000€

Lgo Club Español de la Energía

Spanish Energy Club, a national entity formed by agents that are related to or deal with energy

16.967€

 

The Red Eléctrica Group also participates in numerous organization and associations whose objective is to share and extend best practices, among which the following are noteworthy:

 

Best practices in corporate management

Club de Excelencia en Sostenibilidad

Non-profit business association that seeks to promote sustainability by sharing and disseminating good practices.

More information

Logo Club de Excelencia en Sostenibilidad
Forética

Association of companies and professionals of corporate social responsibility / sustainability whose mission is to promote the integration of social, environmental and good governance aspects of the strategy and management of companies and organisations.

More information

Logo Forética
ICGN (International Corporate Governance Network)

Investor-led organisation whose mission is to promote effective standards of corporate governance and investor management to advance in efficient markets and sustainable economies around the world, guided by the Global Governance Principles and the Global Principles of Global Accountability of ICGN.

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Logo ICGN
Spanish Green Growth Group

The Spanish Green Growth Group is an Association created to promote public-private collaboration and jointly advance environmental challenges.

More information

Logo Grupo Español de Crecimiento Verde
ASCOM (Spanish Compliance Association)

First association constituted with the objective of giving professional status to the function of Compliance. In addition, it acts as a think tank to exchange ideas and best practices among the professionals and entities belonging to it.

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Best sectorial practices

Med-TSO (Mediterranean Transmission System Operators)

Association of the TSOs of the Mediterranean basin whose objective is to coordinate development plans as well as the operation of electricity grids in the countries of this region.

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CIGRE (International Council on Large Electric Systems)

Organisation which groups together electricity companies, manufacturers of capital equipment and goods, engineering companies, universities and research centres from around the world with the aim of exchanging technical knowledge. Red Eléctrica holds the position of President and Secretary of the Spanish Committee and is also member of various committees.

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EASE (European Association for the Storage of Energy)

European association that promotes energy storage as an essential tool to improve flexibility and provide services for the energy system with full respect to the EU’s climate and energy policies.

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GO 15 (Reliable and Sustainable Power Grids)

Organisation which groups together the 18 largest Power Grid Operators in the world primarily geared towards sharing knowledge on a mutual basis.

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The Basque Energy Cluster

The Basque Energy Cluster is made up of the leading companies in the energy sector located in the Basque Country (energy operators, component and equipment manufacturers), agents of the Basque Science, Technology and Innovation Network and public administration bodies involved in the energy field.

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The Energy Cluster of the Valencia Region

The Energy Cluster of the Valencia Region is a non-profit association constituted with the aim of boosting the energy sector in the Valencia Region and promoted by the main companies in the sector. The Cluster has companies of different size and nature, present in the energy value chain: generators, operators, marketers, engineers, installers, computer and cross-sectional services, power electronics, equipment and component manufacturers, technological institutes, universities and public administration bodies with responsibilities in the field of energy.

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