Red Electrica Corporacion SA

Electric Utilities
REE.MC
€ 19 0
Share price
$ 11 bn
Market Cap
$ 17 bn
Enterprise Value

Carbon footprint

40 Ton
GHG emissions per $ 1 mln investment
1.4x the weighted average for S&P 500
FY2021
How is this calculated?
+7%
YOY change in GHG emissions
Weaker than the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

+2.5%
Proj. YOY change in GHG emissions (Scope 1 + 2)
FY2022
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This target is most likely outdated and the company appears to have already achieved it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.

Company environmental metrics

Show more...