An updated study with a double materiality approach

We conduct a double materiality analysis, prepared in accordance with the European Union's new European Sustainability Reporting Standards (ESRS). This materiality analysis allows us to identify the topics and subtopics relevant to Redeia that may affect our value proposition, results, situation and evolution (financial materiality) as well as those that have an impact on people, society and the environment (impact materiality).

Table with several papers and a tablet with graphs and several hands with pens working on them.

Process for preparing our Materiality Study

Our materiality analysis is reviewed annually and validated by our Sustainability Committee.

Understanding of the company's business model, analysis of value chains and study of the sustainability context and the expectations and needs of internal and external stakeholders.

Identification of Redeia's positive and negative impacts on people, human rights and the environment, as well as the risks and opportunities that affect the company financially, from critical aspects of the sector and global trends in sustainability. The linkages between the impacts and dependencies on natural, human and social resources and the risks and opportunities that may arise from these impacts and dependencies have also been taken into account.

Evaluation of the impacts, risks and opportunities identified, giving a valuation according to the impact generated or foreseen.

Definition of thresholds for determining material issues associated with impacts, risks and opportunities.

Redeia material issues
TopicSubtopic
Climate change
  • Adaptation to climate change
  • Climate change mitigation
  • Energy
Biodiversity and ecosystems
  • Direct impact factors on biodiversity loss
  • Impacts on the state of species
Circular economy
  • Resource inputs, including resource utilisation
  • Waste
Own workforce
  • Working conditions
  • Equal treatment and opportunities for all
Workers in the value chain
  • Working conditions
Affected communities
  • Collective economic, social, and cultural rights
Business conduct
  • Corporate culture
  • Protection of whistleblowers
  • Management of relationships with suppliers
  • Corruption and bribery
Energy transition
  • Service quality guarantee
Innovation
  • Innovation and technology applied to the business