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Renfe Operadora

Renfe Operadora is a fully state-owned company headquartered in Spain. In 2021 its revenue was USD 3.23 billion. Renfe provides passenger and freight rail services. The Group has more than 900 trains delivering public transport services. The company has set emissions targets in line with Spain's national net-zero target.

Ranking position
#35 /90
Total score
24.9 /100

22.1 /60
Core social indicators
1.5 /20
Just transition
1.3 /20

ACT score components

Performance score
5.5 /20
Narrative Score
Trend Score
  • Trend line is up
  • Trend line is equal
  • Trend line is down
Performance module name Performance module score Rank (0-90)


0.0 /100 #59

Material investment

17.6 /100 #34

Intangible investment

5.0 /100 #24

Sold products



29.8 /100 #63

Supplier engagement

50.0 /100 #11

Client engagement

67.5 /100 #4

Policy engagement

65.0 /100 #1

Business model

12.5 /100 #15

ACT assessment

Leading practices

No leading practices were identified for this company.

Risks and opportunities


Renfe receives a trend score of -. If the company were reassessed in the near future, its score would likely decrease. Renfe has set a target to reach net-zero emisisons by 2050. However, the company does not disclose enough data to meaningfully assess its current performance and alignment with its 1.5°C pathway. The company shows signs of promoting modal shift across both its passenger and freight operations. It is also working closely with infrastructure operators. Its transition plan only extends to 2030 and lacks significant detail.

Progress towards the Paris Agreement

Social assessment

Just transition assessment

Core social assessment

More about the company

Madrid, Spain
USD 3.23 billion
Fully state-owned