Better Health for All

Redeia Corpo's core business is the operation and development of the electricity transmission grid, which is not directly related to health products or services.

Therefore, the company's products and services have no significant positive or negative direct health impact, and it generates no revenue from products with direct health harms. There is no evidence that the company offers health-related products or services requiring accessibility considerations, or that its business model involves serving vulnerable populations with health needs. The company's operations do not carry health risks requiring disclosure or transparency in the context of health products. Its innovation investment is not explicitly focused on health-related outcomes. The company does not collect or manage health-related data, nor does it engage in preventative health or treatment activities. There is no indication of health-related patents, food products, addiction potential in its offerings, or clinical trials. The company's operations are not directly relevant to health crisis response, and its activities do not substantially affect mental health outcomes. While the company conducts internal health and safety initiatives for employees, these fall outside the scope of 'Better Health for All' as defined.

Fair Trade & Ethical Sourcing

Redeia Corpo reports zero incidents of forced or child labor, supported by annual human rights risk map updates and due diligence analyses since 2013.

All supplier contracts, representing 100% of suppliers, include enforceable ethical-sourcing clauses, encompassing the Supplier Code of Conduct, Guarantee Policy, and General Terms and Conditions of Contract. However, only 2% of the procurement budget is directed to local or minority suppliers, specifically to Special Employment Centres (CEE).

Honest & Fair Business

Redeia maintains a clean regulatory record, reporting no investigations or convictions for ethics-related criminal breaches or corruption in 2023.

The company receives positive commendations for transparency, including a "G++" rating in AENOR's Corporate Governance Index and ranking among the top four companies in the IBEX 35 for transparency and good governance. Its codes of conduct achieved a score of 85/100 in the S&P Dow Jones Sustainability Index. Redeia's ESG risk is rated as "Negligible" (8.7) by Sustainalytics, placing it 5th out of 634 in its industry, and it achieved the highest score (89/100) in corruption prevention from Moody's ESG. The company operates a "Zero Tolerance" anti-corruption and anti-bribery policy, certified to UNE 19601 and ISO 37001 standards by AENOR, which includes a €150 gift limit and continuous monitoring by external auditors. Its whistleblower protection policy, compliant with EU Directive 2019/1937 and Spanish Law 2/2023, is certified to UNE-ISO 37002. This system guarantees confidentiality, anonymity, and protection against retaliation, with 97% of employees aware of the channel and 94% willing to use it. The maximum resolution time for ethics queries submitted to the Ethics Manager was 10 days in 2023. Ethical claims and compliance are extensively verified by third parties, including review of its Code of Conduct by Transparency International and independent analysis for third-party due diligence. However, 58.3% of its board members are independent directors.

Kind to Animals

Redeia demonstrates significant efforts in wildlife conservation and habitat restoration. In 2024, the company restored 1,086 hectares, 24 forests, and planted nearly 895,000 trees/shrubs.

This adds to 993 hectares recovered between 2009-2022. Redeia has installed bird-saving devices on 85.4% of critical-priority kilometers of its transmission grid by 2024 and works on projects to eradicate invasive species and conserve focal bird species. The company's environmental expenditure in 2024 was €26.2 million, and environmental investment was €5.6 million. Redeia utilizes extensive livestock farming (Pastoreo en RED Project) for vegetation maintenance beneath high-voltage lines, which is qualified as a nature-based solution according to the IUCN standard. The company participates in biodiversity conservation initiatives, including the Biodiversity Pact and Spanish Initiative for Business and Biodiversity, and renewed a partnership with IUCN on October 9, 2024, until December 2028, to advance biodiversity assessments and conservation actions, including guidelines for wildlife mortality prevention. As a service-oriented company, KPIs related to animal testing, animal-derived products, and animal agriculture operations are not applicable.

No War, No Weapons

Redeia explicitly states that its supplies do not correspond to the arms industry or other war industries, and it does not engage with the arms industry.

The company has a Supplier Code of Conduct, approved in June 2023, which establishes minimum ethical, social, and environmental requirements for all suppliers, based on the 10 principles of the UN Global Compact, including human rights. 100% of suppliers accept this Code of Conduct. Redeia conducts annual human rights due diligence across all operations, with the Human Rights Risk Map updated annually since 2013. In 2024, 349 due diligence processes were carried out for various stakeholders, including suppliers. The company's Human Rights Management Model follows the UN Guiding Principles on Business and Human Rights, and its Sustainability Policy includes a commitment to respecting human rights. Redeia states that no qualified suppliers or their factories are located in countries in conflict, and it conducts ongoing monitoring of partners from the beginning of the qualification process. The company also states that conflict minerals are not applicable to its operations. In 2024, 100% compliance with ethical standards in core business operations was achieved, with two complaints linked to supply chain breaches being upheld.

Planet-Friendly Business

Redeia's 2030 and 2050 carbon reduction targets are validated by the Science-Based Target Initiative (SBTi), with defined interim checkpoints for 2025 and 2030.

In 2024, the company contracted 100% renewable electricity. 78.5% of the company's net revenue aligns with the EU Sustainable Taxonomy. Redeia allocated over 14.5 million Euros to climate-positive initiatives, generating an impact of approximately 144.4 million Euros. The company aims for 67% of its suppliers to have SBTi-approved targets by 2026. Redeia has restored 98.4% of affected hectares and 24% of its installations are located in protected areas, with 1041 bird-saving devices installed. The company has a net-zero target for 2050. Redeia compensates 77.4% of its Scope 1 emissions. The company has been registered with EMAS since 2001 and holds UNE-EN ISO 14001 certification since 1999, with no reported violations.

Respect for Cultures & Communities

Redeia demonstrates some commitment to community engagement and reinvestment. The company invested 5.8 million euros under the Comprehensive Community Impact Strategy in 2024.

Contributions to foundations and non-profit organizations totalled 2,125,000 euros in 2024. The company also has an Ethics and Compliance Channel for queries and suggestions. However, there is a lack of specific data on partnerships with indigenous or local community groups, cultural preservation investments, and FPIC participation rates. The company mentions efforts to prioritize local sourcing. The company's impact measurement report does not specify metrics related to community engagement. The company has a 10-day time limit for resolving queries through the Ethics and Compliance Channel. The company handled four harassment and discrimination reports via the Ethics and Compliance Channel in 2024. The company's local employment ratio is 3.1%. The company engages with stakeholders, including in-depth interviews and surveys. The company's materiality assessment indicates a neutral relationship with Respect for Cultures & Communities.

Safe & Smart Tech

The provided articles do not contain specific, quantifiable evidence for any of the KPIs under the 'Safe & Smart Tech' ethical value. While there are general mentions of cybersecurity risks, innovation, and compliance systems, no concrete data points regarding data breaches, AI ethics, cybersecurity investment as a percentage of revenue, privacy certifications, security training effectiveness, encryption implementation, AI audit practices, algorithmic transparency, unauthorized data use, user data control, authentication security, vulnerability management, bug bounty programs, privacy by design, security testing coverage, data minimization, regulatory compliance with privacy regulations, algorithmic harm remediation, or digital rights advocacy are available.

Therefore, all KPIs are omitted due to lack of explicit evidence.

Zero Waste & Sustainable Products

In 2024, Redeia achieved a waste diversion rate of 94.3% through recycling, regeneration, or energy recovery.

The company has a goal of 0% waste to landfill for Red Eléctrica by 2025 and for the entire Group by 2030. Red Eléctrica has operated with a zero waste to landfill model since 2018. Redeia conducts yearly waste audits and met its hazardous and non-hazardous waste reduction targets in 2024, with a 1.41% reduction in hazardous waste compared to 2023. The company aims for zero accidents and zero contaminated sites by 2025 and has a target for 100% SF6 waste reduction by 2030. Redeia incorporates recycling/waste-to-energy recovery requirements in tenders for waste management and services and runs awareness campaigns for waste management.