Red Electrica Corporacion SA

Electric Utilities
- -%
Share price
$ - bn
Market Cap
$ - bn
Enterprise Value

Carbon footprint

YOY change in GHG emissions
In line with the +4.5% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)
How is this calculated?

Red Electrica Corporacion SA aims to reduce Scope 1 + 2 by 30% by 2030 from a base year 2015

This target is most likely outdated and the company appears to have already achieved it
This target has not been verified as science based according to SBTi
Red Electrica Corporacion SA's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Red Electrica Corporacion SA's GHG emissions (market-based) (Kt of CO2e)
Red Electrica Corporacion SA's Carbon intensity (Tons per 1 USDm)

Red Electrica Corporacion SA's carbon footprint

Red Electrica Corporacion SA reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 670 Kt (+44/+7% y-o-y). Carbon intensity also was up at 289 t (+20/+7.3% y-o-y).

Red Electrica Corporacion SA's Scope 3 emissions was up at 498 Kt (+117/+31% y-o-y). There has been no clear trend lately.

The company is committed to reducing Scope 1 + 2 by 30% by 2030 from a base year 2015, which it appears to have already achieved as of 2021. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.

Red Electrica Corporacion SA also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Grupo Red Eléctrica commits to reduce absolute scope 1 and 2 GHG emissions 55% by 2030 from a 2019 base year. Grupo Red Eléctrica also commits to reduce absolute scope 3 GHG emissions 28% within the same timeframe. Grupo Red Eléctrica further commits that 67% of its suppliers by emissions covering purchased goods and services and capital goods will have science-based targets by 2026

Company environmental metrics

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