Decentralisation and Autonomy
Iberdrola operates under a decentralised management model, bringing decision-making closer to the countries where they take effect through a clear three-level hierarchy.
Holding Company
Iberdrola, S.A.
Supervision, organization, and control with group-wide scope.
Country Subholdings
Strengthening functions within specific territories, countries, and businesses.
Head of Businesses
Day-to-day administration and effective management of specific activities.
Simplified Corporate Structure
Management Team
- Executive Chairman
- CEO
Board & Committees
- Executive Committee
- Audit & Risk | Appointments
- Remuneration | Sustainable Dev.
Iberdrola España
Scottish Power (UK)
Avangrid (USA)
Neoenergia (Brazil)
83.8% OwnedIberdrola México
IEI (International)
Combines decentralised management with strategic coordination and checks and balances.
Corporate Governance Model
A structured distribution of powers ensuring strategic alignment and operational autonomy.
Iberdrola, S.A. (Holding Company)
Strategic Supervision & Group Coordination
- The Board of Directors approves strategic goals, defines the organizational model, and decides on matters of strategic importance.
- The Chairman and CEO (supported by the Operating Committee) assume duty for organization and strategic coordination at the Group level.
Country Subholding Companies
Organization & Common Services Centralization
- Strategic Oversight: They group shareholdings and ensure compliance with Group-wide policies within specific territories or businesses.
- Shared Services: They centralize the provision of common services to business head companies.
- Listed Subholdings: Enjoy a special framework of strengthened autonomy in regulatory and management areas.
- Governance: Maintain their own Boards (including independent directors), CEOs, and Audit/Risk departments.
Business or Country Head Companies
Day-to-Day Management & Executive Leadership
- Responsible for decentralised executive management and effective leadership of each specific business.
- Entrusted with the ordinary control of their respective businesses.
- Organised through their own governing bodies and executive management, including dedicated compliance and internal audit functions.
Group Companies
A global structure organized by Country Subholding Companies and Heads of Business Companies.
Iberdrola España, S.A.U.
- Iberdrola Energía Sostenible España: Electricity generation and commercialisation using sustainable energy sources.
- i-DE Redes Eléctricas Inteligentes: Regulated activity of electricity transport and distribution.
- Iberdrola Energía España: Wholesale and retail sale of electricity and natural gas.
Scottish Power, Ltd.
- ScottishPower Renewable Energy: The renewable head of business company in the UK.
- Scottish Power Energy Networks: The grid head of business company in the UK.
- Scottish Power Retail Holdings: The deregulated head of business company in the UK.
Avangrid, Inc.
- Avangrid Networks, Inc.: Electricity transmission/distribution and natural gas storage across 25 states.
- Avangrid Power, LLC: Head of business company in electricity generation in the US.
Neoenergia / Iberdrola México
- Neoenergia, S.A.: Listed on the Brazilian stock exchange; distribution, generation, and transmission in Brazil.
- Iberdrola México: Operates through Generación México and Renovables México.
Other Key Entities
- Iberdrola Energía Internacional: Country subholding for the energy businesses outside the primary five markets.
- Non-energy Businesses: Includes Ingeniería y Construcción and Inmobiliaria (Engineering and Real Estate).
Annual reports
Governance and Sustainability
Iberdrola in the CNMV
Board of Directors