Below is the information acquired on RED ELECTRICA CORPORACION SA, which is not yet included in our research perimeter.

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Last update 31 March 2022

Description of economic activities

Production of electricity (NACE2 3511)

The company is primarily engaged in the production and trade of electricity. It provides a wide range of electric services. Established in 1985 under the provision of Law 49/1984 of 26 December, it was the first company in the world exclusively dedicated to the transmission of electricity and the operation of electricity systems. Formerly known as Red Eléctrica de España S.A., the company has a registered office located in Madrid, Spain.As the operator of the Spanish power system, the company's principal mission is to guarantee the continuity and security of the power supply and to properly coordinate the production and transmission system, performing its functions in coordination with the operators and clients of the Iberian power market based on the principles of transparency, objectiveness and independence. It also acts as the operator of the insular and extrapeninsular power systems.As the manager of the transmission grid, the company acts as the sole transmissioner and as such must guarantee that facilities are adequately developed and enlarged as needed, that they are maintained and enhanced on the basis of uniform and consistent criteria, that the transmission of power between external systems using the Spanish power system is properly managed, that the managers of other interconnected grids receive the information they need to guarantee safe operations and that third party access to the grid is guaranteed under equal conditions.The company also conducts its business abroad in order to maximum the company's experience. Its business abroad is handled by the subsidiary Red Eléctrica Internacional and focuses on the provision of consulting and advisory services and on the investment in power assets abroad, primarily in Bolivia and Peru. The company is the sole transmission agent and operator of the Spanish electricity system.
  • RED ELECTRICA CORPORACION SA

  • Spain (ES)
  • Company type: Corporate
  • Parent company: N/A
  • Chief Executive Officer (CEO): Ms Beatriz Corredor Sierra
  • CEO Total remuneration: N/A
  • Website: www.ree.es

Financial data

Number of employees

2,117
2,051
2,056
1,799

Revenue 1

2
2
2
2

EBIT 1

977
1
1
1

EBITDA 1

1
2
2
2

1 numbers are in millions

  • RepRisk Indicator (last month):  25

Social dialog

  • Transnational Corporate Agreement (TCA): N/A
  • Global Framework Agreement (GFA): N/A
  • Societas Europaea (SE): N/A
  • Bangladesh Accord: N/A

European Works Councils

  • EWC: N/A

Standards and certifications

  • Global Compact:
  • N/A
  • CDP (Carbon Disclosure Project): N/A
  • Modern Slavery Statement: N/A
  • Transparency Index: N/A
  • SA8000 Social Accountability: N/A
  • Integrated report: N/A
  • ISO26000: N/A
  • OECD Guidelines:
  • Social Development Goals (SDGs): N/A

Global Reporting Initiative certification

  • Global Reporting Initiative standards: N/A
  • Global Reporting Initiative GRI G4:
  • Link to GRI-G4 Report: N/A

Other company declarations

Other resources

Policies

  • Training policy:
  • Policy to protect the right to health and safety in the workplaces where the company operates:
  • Policy to protect the right to health and safety in the workplaces in the supply chain:
  • Diversity policy:

Universal declarations

Declarations and treaties recognised by the country where the company has its registered office

  • Universal Declaration of Human Rights:
  • European Convention on Human Rights (ECHR):
  • Charter of Fundamental Rights of CDFL Workers (Strasbourg Charter 1989):
  • Charter of Fundamental Rights of the European Union EU CFR (Nice Charter 2000):
  • Treaty on the Functioning of the European Union TFEU:
  • Registered office in an OECD country:
  • ILO C029 - Forced Labour Convention, 1930 (No. 29):
  • ILO C087 - Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87):
  • ILO C098 - Right to Organise and Collective Bargaining Convention, 1949 (No. 98):
  • ILO C100 - Equal Remuneration Convention, 1951 (No. 100):
  • ILO C105 - Abolition of Forced Labour Convention, 1957 (No. 105):
  • ILO C111 - Discrimination (Employment and Occupation) Convention, 1958 (No. 111):
  • ILO C138 - Minimum Age Convention, 1973 (No. 138):
  • ILO C182 - Worst Forms of Child Labour Convention, 1999 (No. 182):

Directives applied in the company offices in EU 27

  • D. 80/987/EEC:
  • D. 89/391/EEC:
  • D. 98/59/EC:
  • D. 2000/43/EC:
  • D. 2000/78/EC:
  • D. 2001/23/EC:
  • Council D. 2001/86/EC:
  • D. 2002/14/EC:
  • D. 2002/73/EC:
  • Council D. 2003/72/EC:
  • EP and Council D. 2005/56/EC:
  • D. 2009/38/EC:
  • D. 2004/25/EC:
  • D. 2011/35/EU:

Presence in main rankings

  • Global 100 Most Sustainable Corporations: N/A
  • Global CSR Rep Trak 100: N/A
  • BrandZ Top 100 Most Valuable US Brands: N/A
  • The Worlds Best Multinational Workplaces: N/A
  • The Gartner Supply Chain Top 25: N/A
  • The Worlds Most Innovative Companies: N/A
  • The Diversity Inc Top 50 Companies: N/A
  • Best Global Websites: N/A
  • Green Ranking Global Top 500: N/A
  • Green Ranking Global Top 100: N/A

Reference trade unions