Participation in organisations and associations

Redeia is part of and actively participates in different organisations and associations (both national and international). The aim is to promote the fundamental aspects of its activities and the electrical sector in general. This includes presenting its position in the development of regulations and operational criteria for electrical grids and systems, particularly within the European Union.

The goal is to provide comprehensive and transparent information to policy makers and legislators so that they are well-informed when making decisions on energy and environmental matters.

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Transparency in Institutional Relations

Our presence in institutions is based on the principles of the company's 2030 Sustainability Commitment, particularly emphasising transparency..

Additionally, Red Eléctrica has been registered since 2011 on the voluntary platform ‘EU Transparency Register,’ managed by the European Parliament and the European Commission. This ensures that the company acts transparently by informing stakeholders about its actions that contribute to EU decision-making.

In 2023, the company collaborated with 78 organisations. The following table indicates Red Eléctrica's annual contribution (€) to representational activities in organisations and associations over the last five years.
 

Redeia's annual contribution to representational activities in organizations
 

 20192020202120222023
Lobbying actions, interest representation actions, or similar00000
Support for local, regional, or political campaigns, candidates, or other organisations00000
• Sectoral, trade associations, and other tax-exempt groups like think tanks2,380,4182,559,3102,717,918.932,812,1883,401,437
Others00000
Total contributions and other expenses2,380,4182,559,3102,717,918.932,812,1883,401,437
Data Scope100%100%100%100%100%
Involvement in organisations

Red Eléctrica highlights its collaboration with key organisations that promote a national and international grid of efficient, sustainable, and socially accepted electrical infrastructures. This includes a special focus on the integration of renewable energies, with a contribution of €3,060,719.72 in 2023.

ENTSO-E: Entity that brings together European Transmission System Operators (TSOs) by legal mandate. The fee is based on the population of each country to which each TSO belongs.

3,013,752€

Renewable Grid Initiative (RGI): An initiative of European TSOs and NGOs.

30,000€

Spanish Energy Club: A national entity formed by energy-related stakeholders.

16,967.48€

Membership management in organisations and associations

The Paris Agreement, reached at the 21st Conference of the Parties (COP21) in 2015, was a historic milestone, and since then, the international community has been working on developing mechanisms for its implementation. The main element of the Agreement involved a commitment by the signing parties to limit the increase in Earth's temperature to below 2 °C over pre-industrial levels, striving to limit it to 1.5 °C.

This widespread commitment has led society to increase its demands on the climate advocacy efforts that companies must undertake through their lobbying groups. Thus, organisations have a duty of transparency regarding their contributions and participations in lobbying groups or trade associations, as well as the obligation to have coherent and robust internal management systems in place to ensure a perfect alignment between their climate objectives and their advocacy efforts in the legislative, political, and public spheres.

In this regard, Redeia maintains a system of internal rules and regulations, reviewed through audit processes, that certifies the alignment of any decision regarding participation in organisations and associations with its specific commitment against climate change.

Since 2011, the company has maintained a public and voluntary commitment to combating climate change, approved by the Board of Directors and materialised in:

  • Emissions Reduction Targets
  • Net Zero Commitment by 2050
  • Climate Change Action Plan

Redeia's commitments have been updated since 2021 to ensure alignment with the global ambition to limit the average temperature increase to 1.5 °C.

Precisely to inform about the various procedures that ensure the alignment of participations with the company's climate commitment and, therefore, with the Paris Agreement, Redeia prepares an annual descriptive report about its management system, detailing the main elements it comprises in terms of governance, review, and response, as well as the results of our organisation and association evaluation process, a central component of the system.

For more information: Partnerships Aligned with the Paris Agreement. Participations in Organisations and Associations 2023.

Additionally, Redeia participates in other national and international organisations or associations with the aim of sharing and spreading best practices. Some of these include:

Best Corporate Governance Practices

A non-profit business association aimed at driving sustainability by sharing and building awareness of 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 worldwide, guided by the Global Governance Principles and ICGN's Global Responsibility Principles.

An association created to encourage public-private collaboration and jointly address environmental challenges.

The first association formed to professionalise the Compliance function and provide a platform for exchanging ideas and best practices among professionals and entities.

Industry Best Practices

Organisation bringing together electric companies, equipment manufacturers, engineering firms, research centres, and universities worldwide to exchange technical knowledge. Red Eléctrica holds the position of President and Secretary of the Spanish Committee and is also member of various committees.

European association promoting energy storage as a tool to enhance flexibility and provide services to the energy system while fully respecting EU climate and energy policies.

Integrates key companies in the energy sector value chain in the Basque Country. For example, energy operators, equipment and component manufacturers, engineering firms, and service companies. It also involves stakeholders from the Basque Network of Science, Technology, and Innovation, as well as public administration bodies with responsibilities in the field of energy.

The Cluster enhances cooperation among several sector stakeholders, exploiting collaboration synergies between companies, technology institutes, research and training centres, and administration bodies. To do this, it involves a variety of sector agents: companies, business associations, technology centres, universities, public administrations, financial entities, and other stakeholders.