Avangrid Fully Implements Company-Wide Return to Office Policy

Rhea-AI Summary

Avangrid, a leading sustainable energy company operating in 24 states, has fully implemented its return-to-office policy in early 2024. This move aims to maximize efficiency, agility, and engagement of its 8,000+ workforce. Since implementation, the company has seen a 70% increase in occupancy of its nine main offices, averaging nearly 2,000 employees daily.

CEO Pedro Azagra emphasized that face-to-face collaboration will ensure continued success in America's clean energy transition. To ease the transition, Avangrid provided advanced notice, established feedback loops, and implemented additional resources. The company also expanded commuter benefits and renewed its commitment to sustainable transportation incentives.

Positive

• 70% increase in office occupancy since policy implementation
• Averaging 2,000 employees daily in main offices
• Expanded commuter benefits for employees
• Renewed commitment to sustainable transportation incentives

Negative

• None.

Avangrid, a leading sustainability company operating in 24 states, is an industry leader with its return-to-work policy

Together, the company’s 8,000 employees are better able to collaborate, innovate and maximize the potential of Avangrid’s talented teams

ORANGE, Conn.--(BUSINESS WIRE)-- Avangrid, a leading sustainable energy company and member of the Iberdrola Group, announced today that the company has fully implemented its return-to-office policy, concluding remote work arrangements developed during the COVID-19 pandemic.

The return-to-office policy was instituted in early 2024 as a way to maximize efficiency, agility, and increased engagement of its workforce of more than 8,000 employees. With a presence in 24 states, Avangrid is at the forefront of America’s clean energy transition, and regular, face-to-face collaboration among this impressive workforce will help ensure the company’s continued success.

“During the pandemic, Avangrid developed industry-leading models for working safely while maintaining productivity and company success,” said Avangrid CEO, Pedro Azagra. “However, with the incredible number of investments we are making in the 24 states in which we operate, bringing our world-class talent back together in-person will allow us to maximize the potential of our teams to benefit the communities we serve.”

Since implementing this policy in early 2024, Avangrid has seen a 70% increase in occupancy of its nine main offices, averaging nearly 2,000 employees at these locations every day.

“We acknowledged that this would be an adjustment for our employees and have worked strategically to help ease the transition by providing advanced notice of the return, establishing a feedback loop, and implementing additional resources to help support the transition,” said Kay Johnson, Vice President People Operations & Employee Experience for Avangrid. “We are also using this opportunity to accelerate the investments we are making in our facilities across the country.”

Coinciding with the return to office policy, Avangrid also expanded its commuter benefits and renewed its commitment to industry leading incentives for sustainable forms of transportation.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $45 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 approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2024 for the fourth consecutive year. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth 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/20240930002748/en/

Media:

Leo Rosales

leo.rosales@avangrid.com

Source: AVANGRID, Inc.

FAQ

When did Avangrid (AGR) implement its return-to-office policy?

Avangrid implemented its return-to-office policy in early 2024.

What is the main goal of Avangrid's (AGR) return-to-office policy?

The main goal is to maximize efficiency, agility, and increased engagement of Avangrid's workforce of more than 8,000 employees.

How many states does Avangrid (AGR) operate in?

Avangrid operates in 24 states across the United States.

What percentage increase in office occupancy has Avangrid (AGR) seen since implementing the policy?

Avangrid has seen a 70% increase in occupancy of its nine main offices since implementing the return-to-office policy.