Avangrid Achieves Global Recognition for Sustainability Progress in FTSE4Good Index
Ranks well above the utility industry average in environment, social and governance themes
“I am pleased with Avangrid’s inclusion in the FTSE4Good Index for the seventh year in a row,” said Pedro Azagra, Avangrid CEO. “Climate change is an unprecedented global challenge. At Avangrid, our climate action strategy is informed by the leadership of the Iberdrola Group, who have been leading the transition to clean energy for more than two decades. Our commitments as a leader in the clean energy transition are continuing to evolve, and they reflect our dedication to serving the needs of our customers and communities today, while helping to ensure the well-being of generations to come.”
Created by the global index and data provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and governance (ESG) practices. The FTSE4Good indexes are used by a wide variety of market participants to create and assess responsible investment funds and other products. FTSE Russell evaluations are based on performance in areas such as Corporate Governance, Health & Safety, Anti-Corruption and Climate Change. Businesses included in the FTSE4Good Index Series meet a variety of environmental, social and governance criteria.
In its most recent evaluation, Avangrid rated on the Index well above the utility industry average in all FTSE Russell’s categories. The company earned FTSE’s highest score for labor standards and for governance, which includes evaluation of risk management, corporate governance and anti-corruption. Furthermore, compared with its
In addition to being included on the FTSE4Good Index Series, Avangrid has earned numerous sustainability recognitions this year, including being named among Barron’s 100 Most Sustainable Companies, being recognized by JUST Capital as the top ranking utility on the 2024 JUST 100, and being named among the World’s Most Ethical Companies by Ethisphere for the sixth year in a row.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in
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Sarah Warren
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Source: AVANGRID, Inc.