Participation in organisations and associations
Redeia 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.
Transparency in institutional relations
Our presence 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 2022, 74 memberships to various organisations and professional entities were formalised. The following table shows Red Eléctrica’s annual contribution (€) over the last five years for activities regarding representation in organisations and associations.
| FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
|---|---|---|---|---|---|
| Lobbying, interest representation or similar | 0 | 0 | 0 | 0 | 0 |
| Local, regional or national political campaigns / organizations / candidates | 0 | 0 | 0 | 0 | 0 |
| Trade associations or tax-exempt groups (e.g. think tanks) | 2,352,456 | 2,380,418 | 2,559,310 | 2,717,918.93 | 2,812,188 |
| Other | 0 | 0 | 0 | 0 | 0 |
| Total contributions and other spending | 2,352,456 | 2,380,418 | 2,559,310 | 2,717,918.93 | 2,812,188 |
| Data coverage (as % of denominator) | 100% | 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, with a contribution of 2,514,676€ in 2022.
Since 2011, Redeia has made public its involvement in climate change, in the form of a specific Climate Change Commitment and a Climate Change Action Plan -approved by the Board of Directors- and communicated to the management team, to all employees and to the company's stakeholders. Both have been developed to increase the company's climate ambition and align it with the global goal of limiting the average temperature increase to 1.5°C. Therefore, as these documents state, the Sustainability Steering Committee must ensure that climate change criteria are integrated into any strategic decision taken by the company and seek alignment with the objectives of the Paris Agreement. In addition, compliance with internal rules and regulations is reviewed through different auditing processes (internal and third-party processes) to certify compliance. The compliance of the company's activities with the Climate Change Commitment is also reviewed in these processes.
The management team is responsible for ensuring that the proposed actions and activities carried out in its units are in compliance with the company's policies and standards. Redeia's Climate Change Commitment and Sustainability Commitment are part of these policies. Therefore, all direct and indirect activities of the company must be consistent with them. These activities include, among others, supporting the development of initiatives and standards that facilitate the achievement of the Paris Agreement, mainly by promoting the integration of renewable energies in the electricity system, energy efficiency and support for the decarbonisation of the economy.
This commitment of the company not only applies to internal activities. Redeia transfers this need to the national and international organisations and associations of which it is a member, through a management system that seeks to define the criteria and measures necessary to provide the company with an appropriate mechanism for selection and monitoring in terms of participation in organisations and associations. Prior to formalising the relationship, the Chairwoman's Committee discusses and approves or rejects the suitability of membership, considering aspects such as the commitment of these organisations and associations to the integration of renewable energies and the decarbonisation of the economy, their climate, social and sustainability positioning, their transparency, etc. Decisions are based on ad-hoc information requested, existing documentation such as bylaws or even the Transparency Register, identifying that the association is committed to supporting and defending European Union initiatives that seek to mitigate climate change. It is then approved by the Chairwoman’s Committee and the agreement is signed.
It is worth highlighting Redeia's role in key organisations for achieving the EU's Energy and Climate Goals, such as ENTSO-E, in which it participates as a proactive member of the Board of Directors, or RGI, in which Redeia co-chairs the Board of Directors. Although, as described above, Redeia does not belong to any organisation that is not in line with the company's sustainability objectives, in those organisations in which a change of direction is perceived, which is not in line with what has been agreed, Redeia will consider withdrawing its membership.
In the case of ENTSO-E and MedTSO, preparatory meetings are held before each Board of Directors and Assembly in which representatives of the corporate areas and the TSO participate.
| 1. Analysis of the association or organisation |
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| 2. Assessment of membership |
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| 3. Formalisation of membership |
In the event of identifying a misalignment with respect to what is established in the formalisation, Redeia will consider withdrawing its membership |
During 2023, Redeia continues its efforts to increase the existing monitoring mechanisms in the regular meetings to coordinate the activities of international associations and organisations, as well as those of the Regulation Committee and the Chairwoman's Committee. To this end, work is being carried out to formalize, for example, a Cross-Committee to monitor participation in these entities, which will provide greater interaction between all areas of the company to define Redeia's activities when participating in any association.
Redeia 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
Non-profit business association that seeks to promote sustainability by sharing and disseminating good practices.
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.
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.
The Spanish Green Growth Group is an Association created to promote public-private collaboration and jointly advance environmental challenges.
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.
Best sectorial practices
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.
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.
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.
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.
