Iberdrola SA

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Iberdrola is a Spanish public multi-national electric utility company based in Bilbao, Spain. Iberdrola has a workforce of around 31,330 employees in dozens of countries on 4 continents serving around 31.67 million customers.

The organisation is structured into 3 global businesses, with a corporation as the group’s supervisory body:ref

  1. Networks Business
  2. Wholesale and Retail Business
  3. Renewables Business

Corporate Political Engagement Rating:[1] Transparency International    C  

Climate Policy Rating:[2] InfluenceMap  B
Iberdrola actively and positively lobbies a number of EU energy and climate policies, and collaborates with many trade associations on climate issues including IETA and WindEurope, which support ambitious EU climate policy. However, CEO Joes Galan is also a member of the European Round Table of Industrialists, which opposes reforms to increase the carbon price in the EU ETS.

Company

Shareholders

Total float: 97.8%
Source: MarketScreener.svg, Mar.2020

Subsidiaries

  • Scottish Power
  • Avangrid, was Iberdrola USA (USA)
  • Iberdrola Mexico
  • Elektro Holdings,[1] incl. Neoenergia SA (52%) (Brazil)
  • Iberdrola España
  • Iberdrola Energía Internacional

References

  1. ^ Corporate Political Engagement Index 2018. The new index of 104 multi-national companies, many of whom regularly meet with govt, has found nearly 75% are failing to adequately disclose how they engage with politicians. Only one company received the highest grade, with the average grade being "E" – representing poor standards in transparency. Transparency International UK, Nov.2018.
  2. ^ The A-List of Climate Policy Engagement. Which global companies lead in strategic lobbying for the ambitions of Paris? Rankings measure how a corporation or trade association behaves towards 2°C aligned climate and energy policy. Influence Map, Apr.2018.