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Company Directory - Red Eléctrica

Company Details - Red Eléctrica

Red Eléctrica Logo

Red Eléctrica

Website

Madrid, Spain

BME: REE 

ISIN: ES0173093024

Red Eléctrica is the operator of the Spanish electricity transmission network, responsible for ensuring the supply of electricity throughout Spain. The company manages, maintains, and develops the high voltage transmission grid, providing energy to various sectors and ensuring system reliability while promoting sustainable practices.

CCI Score

CCI Score: Red Eléctrica

16.86

-0.07%

Latest Event

Red Eléctrica Lobbying Activities Reported on LobbyFacts

LobbyFacts data indicates that Red Eléctrica has engaged in a series of meetings with high-level EU officials, with 14 meetings recorded between December 2014 and December 2024, reflecting the company's efforts to influence policy through direct engagement.

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SABOTEUR

Red Eléctrica is currently rated as a Saboteur.

+10 to +24 CCI Score
Companies in this bracket take more subtle actions to undermine authoritarian practices. They might implement internal policies or support reforms that quietly weaken oppressive systems, contributing to change in less overt ways.

Latest Events

  • Red Eléctrica Lobbying Activities Reported on LobbyFacts Logo
    JUL
    01
    2024

    LobbyFacts data indicates that Red Eléctrica has engaged in a series of meetings with high-level EU officials, with 14 meetings recorded between December 2014 and December 2024, reflecting the company's efforts to influence policy through direct engagement.

  • -30

    Political Contributions and Lobbying Efforts

    April 28

    The LobbyFacts record shows that Red Eléctrica has been involved in multiple high-level meetings with EU Commission members, highlighting active corporate lobbying. From an anti-fascist perspective, such direct political engagement is concerning as it can contribute to entrenched power structures which may undermine democratic accountability.

    Redeia - lobbyfacts

  • Red Eléctrica Releases 2023 Annual Accounts Demonstrating Transparent Governance Logo
    FEB
    28
    2024

    Red Eléctrica published its 2023 annual accounts, emphasizing open dialogue with shareholders, adherence to a Code of Ethics and Conduct, and commitment to sustainable, fair, and inclusive development. This disclosure reflects a positive approach to corporate transparency and ethical responsibility.

  • +70

    Business Practices and Ethical Responsibility

    April 28

    The annual report highlights transparent and continuous communication with shareholders and investors, along with a strong Code of Ethics and commitment to sustainable and inclusive practices. This aligns well with ethical business practices and enhances corporate accountability, reflecting a positive anti-authoritarian stance.

    Annual accounts 2023 - Redeia

  • Redeia Boosts Investment for Ecological Transition in Spain Logo
    MAR
    20
    2023

    Redeia, operating through Red Eléctrica, has raised its investment target by €4.8 billion to accelerate Spain's ecological transition. The expanded investment focuses on enhancing the national electricity transmission grid and underlines the company’s commitment to renewable leadership and strategic autonomy in the European Union.

  • +40

    Public and Political Behavior

    April 28

    The company's leadership makes a prominent public statement by linking its investment to EU strategic autonomy and renewable leadership. This politically-engaged approach aligns with progressive public and political behavior.

    A €4.8 billion: Redeia increases its investment target to accelerate the ecological transition in Spain

  • +35

    Business Practices and Ethical Responsibility

    April 28

    By committing significant resources for infrastructure improvements and supporting sustainable practices, Redeia demonstrates ethical business practices that bolster ecological transition.

    A €4.8 billion: Redeia increases its investment target to accelerate the ecological transition in Spain

  • +30

    Economic and Structural Influence

    April 28

    The large-scale investment in upgrading the transmission grid represents a strategic, structural move which reinforces the resilience of Spain's energy system while supporting sustainable transformation.

    A €4.8 billion: Redeia increases its investment target to accelerate the ecological transition in Spain

  • Red Eléctrica’s Investor-State Arbitration Dispute in Bolivia Logo
    JAN
    01
    2023

    Red Eléctrica is involved in an investor-state dispute settlement proceeding following Bolivia’s issuance of Supreme Decree No. 1214, which led to the nationalization of an electricity transmission company controlled by the claimant. The case raises concerns about corporate efforts to protect assets through arbitration over state-led public interest policies.

  • -20

    Economic and Structural Influence

    April 28

    By engaging in investor-state arbitration to contest a government decree that nationalized its controlled asset, Red Eléctrica is prioritizing corporate asset protection over the public regulatory authority. Such reliance on legal mechanisms to overturn state actions can undermine progressive public policy and community interests, aligning with broader neoliberal practices that conflict with anti-fascist and socially responsible objectives.

    Red Eléctrica v. Bolivia | Investment Dispute Settlement Navigator

  • Red Eléctrica Green Finance Framework Initiative Logo
    OCT
    20
    2022

    Red Eléctrica, through its parent company REC, launched a green hybrid bond issuance of up to EUR 1bn, in collaboration with the EIB, to support long‑term investments under Spain's Electricity Transmission Network Development Plan 2021-2026, ensuring energy security and sustainable infrastructure development.

  • +40

    Business Practices and Ethical Responsibility

    April 28

    The green finance framework demonstrates Red Eléctrica's commitment to responsible and sustainable investment practices by leveraging a public green hybrid bond. This approach reinforces ethical finance by aligning long‑term funding with environmental and social governance objectives, thereby supporting progressive infrastructural development.

    Red Electrica Green Finance Framework

  • +40

    Economic and Structural Influence

    April 28

    The initiative supports Spain's structural development by ensuring long-term funding for critical infrastructure, enhancing energy network reliability and public service provision. The partnership with the EIB and the secure financing mechanism underscore a commitment to economic policies that benefit social infrastructure.

    Red Electrica Green Finance Framework

  • Red Eléctrica Human Rights Management Model Logo
    JAN
    01
    2013

    Red Eléctrica has detailed its Human Rights Management Model, which systematizes the Company’s actions to protect and remedy human rights risks by adhering to international instruments such as the Universal Declaration of Human Rights and ILO conventions. The framework includes a public commitment, periodic due diligence (initiated in 2013), stringent supplier requirements via a Supplier Code of Conduct, and established grievance mechanisms.

  • +80

    Labor Relations and Human Rights Practices

    April 28

    Red Eléctrica’s comprehensive approach to implementing a Human Rights Management Model based on recognized international standards shows a strong commitment to labor rights and social responsibility. This initiative, including due diligence, supplier audits, and robust grievance mechanisms, reflects a positive anti-fascist and pro-worker stance.

    Human Rights | Redeia

Corporate Financials

Revenue
2022
$2.52B
Total Assets
2022
$17.64B
Operating Income
2022
$1.54B
Total Equity
2022
$8.24B

Employees: 1,500

Industries

221118
Other Electric Power Generation
221121
Electric Bulk Power Transmission and Control
221122
Electric Power Distribution