We develop and carry out programmes aimed at identifying, controlling and reducing emissions associated with our activity. Furthermore we apply energy efficiency measures and also offset part of our emissions, mainly through ‘Red Eléctrica Forest’s initiative.
In 2018 we have redefined our emission reduction targets to further increase our commitment to the fight against climate change. This new commitment has been approved by the Science Based Target (SBTi) initiative, which seeks to help companies define emission reduction targets based on science as a way to boost the competitive advantage of companies in the transition to a low-carbon economy.
In relative terms, this target, approved by the SBTi initiative, translates into a commitment to absolute emissions reductions regarding Scope 1 and 2 emissions of 30% for the 2030 with respect to 2015, with an additional 10% reduction having been previously approved for 2020 with respect to that same year.
The partial specific targets can be consulted in 'Our Climate Change Commitment and Action Plan' section on our web.
Scope 1: Direct GHG (Greenhouse Gas) emissions
Scope 2: Indirect GHG emissions associated with electricity consumption
Scope 3: Other indirect GHG emissions
The main direct emissions derived from our activities are sulphur hexafluoride (SF6), which in terms of CO2 represents over 98% of total direct emissions calculated. We carry out the following actions to minimise these emissions:
As part of our commitment to fight climate change, one of our actions is directed to offsetting our emissions. Currently this offsetting is carried out through the "Red Eléctrica Forest", a reforestation project in different areas of Spain. Additionally, we calculate the emissions associated with our corporate events through a methodology and a bespoke measurement tool based on the most internationally recognized standards: the Public Available Specification (PAS 2050) and the GHG Protocol Corporate Accounting and Reporting Standard. The 2013 shareholders' meeting was the first event that we have calculated and offset through the purchase of Certified Emission Reduction (CER) carbon credits.
Red Eléctrica offsets the carbon footprint of its 2014 General Shareholders’ Meeting via a project in China (Brief news).
Red Eléctrica offsets the carbon footprint of its 2013 Annual General Shareholders' Meeting with an energy project in Guatemala (Press release).