“The road to sustainability is long, winding and urgent, but is the road we must take to avoid the catastrophes being announced since the beginning of the history of mankind,” said Beatriz Corredor, Redeia president, at the latest session of Desayunos Esade, held by Esade Alumni in conjunction with Criteria Caixa. During her talk she explained that “today’s scenario is very similar to the first third of the 20th century, with wars and the pandemic and economic crisis”, and yet there are reasons for being optimistic about the ability of human beings to overcome them, “We now have the tools, such as technology, and greater knowledge than one hundred years ago.” 

“What did not exist back then was climate change,” added Corredor. She regarded COP 27 as “disappointing” because the agreements reached, “won’t prevent us from overstepping the maximum +1.5 degrees that we had set for the end of the century”. Along the same line, the Redeia CEO acknowledged that, according to the Edelman trust barometer, “society is very mistrustful of institutions”, which is why “responsibility for the fight against climate change falls even more to companies, and we must take another step beyond ESG and evolve towards what is known as “competitive social change,” which benefits society first and companies afterwards”.

Sustainability at Redeia 

As Beatriz Corredor commented, in the case of Redeia, a group that includes Red Eléctrica, Hispasat, Reintel, Redinter and Elewit, “sustainability means making things better than when we found them” and this is what drives “the group’s new sustainability plan based on 87 quantitative, measurable goals that are part of the company’s management goals.” Corredor analyzed Redeia’s contribution to the green transition and digital change, and emphasized the need for them to be implemented fairly and inclusively by and for all sectors of the economy.” “Therefore in 2021 we reformulated our strategic plan and purpose. The latter aims to guarantee supply and connectivity by promoting a fair green transition based on sustainability criteria, highlighting our neutrality and contributing to social and territorial cohesion”, she added.

"Redeia’s commitment to sustainability is related to how we incorporate sustainable development goals and the 2030 and 2050 agendas, and also how we measure our impact,” Corredor pointed out regarding the future obligation of listed companies to deliver quantitative and qualitative data about this matter to their shareholders. “A corporate sustainability report in which we show that we are not only intrinsically good, but also intrinsically pragmatic, because our market performance will depend on our indices”, she concluded.

The Redeia CEO was accompanied in this session of Desayunos Esade by Mario Lara, director of Esade Madrid.