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 2022, the company collaborated with 74 organisations. The following table indicates Red Eléctrica's annual contribution (€) to representational activities in organisations and associations over the last five years.
 

Global indicators of stakeholder perception studies
 

  2018 2019 2020 2021 2022
Lobbying actions, interest representation actions, or similar 0 0 0 0 0
Support for local, regional, or political campaigns, candidates, or other organisations 0 0 0 0 0
• Sectoral, trade associations, and other tax-exempt groups like think tanks 2,352,456 2,380,418 2,559,310 2,717,918.93 2,812,188
Others 0 0 0 0 0
Total contributions and other expenses 2,352,456 2,380,418 2,559,310 2,717,918.93 2,812,188
Data Scope 100% 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 €2,514,676 in 2022.

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.

2,464,146€

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

30,000€

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

20,530€

Membership management in organisations and associations

Redeia has publicly expressed its commitment to addressing climate change since 2011. This pledge materialised through a specific Climate Change Commitment and a Climate Change Action Plan. These were approved by the Board of Directors and communicated to the management team, all employees, and stakeholders. The purpose of both documents is to raise the company's climate ambition and align it with the global goal of limiting the average temperature increase to 1.5 °C. Therefore, in any strategic decision the company makes, the Sustainability Steering Committee must ensure the integration of climate change criteria and seek alignment with the goals of the Paris Agreement. Moreover, compliance with internal rules and regulations is reviewed through several audit processes (internal and third-party processes) to certify compliance. These processes also include a review of the conformity of the company's activities with the Climate Change Commitment.

The management team is responsible for ensuring that the proposed actions and activities in their units comply with the company's policies and standards. The Climate Change Commitment and Sustainability Commitment are part of these policies. Accordingly, all direct and indirect activities of the company must be consistent with them. These activities include supporting the development of initiatives and standards that facilitate the achievement of the Paris Agreement, basically, by promoting the integration of renewable energies into the electrical system, energy efficiency, and support for decarbonising the economy..

This commitment not only applies to internal activities but is also conveyed by Redeia to national and international organisations and associations of which it is a member. This is done through a management system that seeks to define the criteria and measures necessary to provide the company with an appropriate method for selecting and monitoring involvement in organisations and associations. Before formalising the relationship, the Chairperson’s Advisory Committee discusses and approves or rejects the suitability of membership, considering aspects such as the commitment of these organisations to the integration of renewable energies and the decarbonisation of the economy, their climate, social, and sustainability positioning, and their transparency, among others. This is based on ad-hoc requested information and existing documentation, such as statutes or the Transparency Register, identifying that the association commits to supporting and defending EU initiatives aimed at mitigating climate change. Once approved, the agreement is signed.

It is worth noting the role of Redeia in key organisations to achieve the EU Energy and Climate Objectives, such as ENTSO-E, where Redeia actively participates as a member of the Board of Directors, or RGI, where Redeia co-chairs the Board of Directors. Based on the above, Redeia does not belong to any organisation that is not in line with the company's sustainability goals. Moreover, in organisations where a change in trend is perceived, Redeia will consider its exit.

For ENTSO-E and MedTSO, pre-meetings are held before each Board of Directors and Assembly, attended by representatives from corporate areas and TSOs.

1. Analysis of the Organisation or Association

 

  • Initial discussions.
  • Sending a customised questionnaire. ad-hoc.
  • Analysis of the statutes.
  • Review of the EU Transparency Register.

 

2. Membership Evaluation

 

  • Analysis of alignment with renewables, climate change, or business strategy, among other aspects.
  • Decision-making by the Chairperson’s Advisory Committee.
  • Information to other Committees.

 

3. Membership Formalisation

 

 

  • Signing the collaboration agreement with the organisation or association.
  • Regular review of alignment criteria.
    • In case of identifying misalignment with the agreement, Redeia will consider its exit.

In 2023, Redeia continues working to enhance existing monitoring mechanisms in regular coordination meetings with international associations, as well as with the Regulation Committee and the Chairperson’s Advisory Committee. This includes the formalisation of a cross-functional committee to monitor participation in these entities. The goal is to provide greater interaction across all areas of the company to define Redeia's activities when participating in any association.

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.