Avangrid CEO Pedro Azagra Statement on Climate Week NYC

Rhea-AI Summary

Avangrid CEO highlights commitment to clean energy solutions and climate action

Positive

• Avangrid is leading the way in the transformation to a clean, renewable, and sustainable energy future
• Avangrid has pledged to achieve carbon neutrality for emissions by 2030

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• None.

ORANGE, Conn.--(BUSINESS WIRE)-- Pedro Azagra, CEO of Avangrid, Inc (NYSE: AGR), today issued the following statement to kick-off Climate Week NYC:

“Climate change is an unprecedented global challenge that is creating an increased importance on providing clean energy solutions around the globe. Events like Climate Week NYC are critical because they raise the conversation around climate action and encourage people from all backgrounds to get engaged and discuss innovative solutions to combat the climate crisis.

“I’m proud that Avangrid is leading the way in the transformation to a clean, renewable and sustainable energy future while building on our commitments to people and our planet. Everything we do is rooted in our commitment to take action to address climate change and is demonstrated by our aggressive climate targets, such as our pledge to achieve carbon neutrality for emissions by 2030.

“As a member of the Iberdrola Group, a global clean energy leader, we share the same values when it comes to the fight against climate change. For over two decades, Iberdrola has been leading the global transition to clean energy and this week that work continues with Iberdrola’s Executive Chairman Ignacio Galan joining the UN Climate Ambition Summit and UNICEF Generation Unlimited Council meeting. This commitment and expertise informs our own climate action strategy. All of us need to continue to work together toward our common goal—building a sustainable and equitable clean energy future.”

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $41 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs more than 7,500 people and has been recognized by JUST Capital in 2021, 2022 and 2023 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2023, Avangrid ranked first within the utility sector for its commitment to the environment. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2023 for the fifth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230918354016/en/

Leo Rosales

leo.rosales@avangrid.com

518.419.2401

Source: AVANGRID, Inc.