We develop our business activities sustainable way. We are committed to the fight against climate change and a model of sustainable economy. All within our strategy framework of corporate social responsibility and compliance with tax regulations.
Neoenergia operates in 18 states and manages 13.9 million supply points in a concession area covering 840,000 km2. The company serves more than 34 million people and, since 1 July 2019, it has been the main private electricity company listed on the B3 in São Paulo with a capitalisation of around 19 billion Brazilian reais.
Energy group Neoenergia — Iberdrola's Brazilian subsidiary — launched an initial public offering (IPO). The company, which operates in 18 Brazilian states and supplies 34 million people with electricity, reached a net income of 7.104 billion Brazilian reals in the first quarter of 2019, 28.1% more during the same period last year.
The Iberdrola group contributes towards the creation of sustainable value for all of its Stakeholders by way of its social dividend, which is made up of multiple elements: investment in equity, job creation, tax contribution, purchases from local suppliers, protecting the environment and biodiversity, and our corporate social action — into which we channelled over €53 million in 2018 —. The methodology used for measuring, managing and communicating our corporate social action is the LBG model. We invite you to find out more.
These are small, but very brilliant companies, emerged thanks to breakthrough ideas that entrepreneurs want to use to change the world.
Open innovation is an invitation for people within a corporation — employees — and also those from outside of it — suppliers, clients, entrepreneurs, start-ups, etc. — to provide their knowledge to drive new projects and generate value. The term isn't new, but self-managed team work is still in at a very early phase in the business sector.