Explore our latest thought leadership, ideas, and insights on the issues that are shaping the future of business and society.
Choose a partner with intimate knowledge of your industry and first-hand experience of defining its future.
Discover our portfolio – constantly evolving to keep pace with the ever-changing needs of our clients.
Become part of a diverse collective of free-thinkers, entrepreneurs and experts – and help us to make a difference.
See our latest news, and stories from across the business, and explore our archives.
We are a global leader in partnering with companies to transform and manage their business by harnessing the power of technology.
Our number one ranked think-tank
Explore our brands
Explore our technology partners
Client challenge: Red Eléctrica needed a tool that would enable it to measure the sustainability impact of the initiatives in its circular economy roadmap.Solution: With Capgemini Invent as its partner, Red Eléctrica introduced a tool to help set measurable objectives and project them over timeBenefits:Continuous assessment and improvement mechanisms to maximize the impacts of its initiativesImproved decision-making by implementing new sustainable initiatives into the roadmapMore efficient Circular Economy roadmap through cost-benefit analysis of its sustainability initiatives
REE monetizes the positive impact of sustainability
The Red Eléctrica Group is a holding company and the sole transmission agent and operator (TSO) for the national electricity system in Spain. It helps the autonomous communities draft an energy plan that defines what the electric system will be like in the medium- and long-term, develops and maintains the electricity transmission infrastructure in other regions, and develops innovative technological solutions to meet the new challenges of the electricity and telecommunications sectors. Its goal is to drive the energy transition to renewable energy and foster connectivity to create a sustainable future.
Red Eléctrica is internationally renowned for its commitment to sustainability and the development of circular economy models. In 2018, it signed and became a member of the Circular Economy Pact, which committed the business to implementing initiatives that foster the development of responsible consumption and circular economy models throughout the value chain. In 2019, as part of its effort to fulfill this commitment, Red Eléctrica drew up its 2030 Circular Economy roadmap, which set out the strategy and guidelines needed to turn the company into a leader in the implementation of circular economy methodology by 2030.
To manage this transformation process effectively and objectively, Red Eléctrica decided it needed a tool that would allow it to measure the sustainability impact of the initiatives in the roadmap. Doing so would enable the organization to set measurable objectives, project them over time, and measure them regularly.
Red Eléctrica planned to monetize these objectives to establish a single unit of measurement for all dimensions of environmental sustainability (greenhouse gas emissions, polluting emissions, hazardous waste, consumption of water and material resources, etc.). The company asked Capgemini to help develop its sustainability impact monetization model and tool and apply them to the business’ Circular Economy roadmap.
Together, Red Eléctrica and Capgemini Invent developed a model to calculate the monetary value of the individual and aggregate sustainability contributions resulting from the company’s actions as part of its Circular Economy strategy. This work has provided Red Eléctrica with a powerful tool that informs decision-making based on the impact of the organization’s sustainability initiatives and their direct effect on its income statement. As a result, the business can now assess the positive externalities generated by the strategy and determine its feasibility and efficiency.
The model can monetize the impact of the roadmap initiatives on the circular economy’s five dimensions: materials, water, energy, greenhouse emissions and polluting emissions, and waste and contaminated soils. This covers the end-to-end resource life cycle, beginning with obtaining and transforming the raw materials and continuing all the way through to their disposal or recovery.
Implementation of the Circular Economy strategy demonstrates the leadership of the Red Eléctrica Group in the field of sustainability, putting it at the forefront of sustainable development. Having a model that monetizes sustainability impacts has made Red Eléctrica a global leader in the implementation of such tools.
Implementation of this model has enabled the organization to:
The companies spent six months working together on the project, which featured four lines of work:
This gave Red Eléctrica the opportunity to demonstrate its commitment to sustainable transformation. The initiatives in the Circular Economy roadmap cut across the organization and involve many of its areas. The commitment and involvement of all areas, particularly sustainability, which led the project on behalf of Red Eléctrica, were key to the success of the project.
You may accept all cookies, or choose to manage them individually. You can change your settings at any time by clicking Cookie Settings available in the footer of every page.