Red Eléctrica Corporación SA
Red Eléctrica Corporación SA, short Redeia, operates the Spanish high-voltage network and coordinates the production and distribution of electrical energy. In addition, the company manages and rents out telecommunication infrastructure such as glass fiber. Its subsidiaries are active in the Netherlands, Luxembourg, Peru, Chile, and France.
Why is the company part of the portfolio?
Climate protection: Energy & efficiency
As a key player in the energy supply chain Redeia drives the transition towards climate-friendly energy supply. According to right. based on science Redeia acts in accordance with the Paris climate agreement. The company has set the goal to reach net zero by 2050. As a first milestone, Redeia wants to reduce scope 1 and 2 emissions by 55 % and scope 3 emissions by 28 % compared to 2019. For this purpose, Redeia requires suppliers to set SBTi based targets.
Empowerment & transparency: Policies & standards
Redeia reports extensively on non-financial topics such as diversity, sustainability, and ethics. Redeia is a role model when it comes to female leadership. 32.7 % in management positions, 55 % of the executive committee and 50 % of the supervisory board is female. In addition, Redeia is one of two companies with a female CEO listed in the Spanish stock index IBEX-35.
Other companies in the Tomorrow Better Future Stock
Invest in sustainable companies