Avangrid Named One of the 100 Best Corporate Citizens of 2024

Rhea-AI Summary

Avangrid, Inc. (NYSE: AGR), a sustainable energy company and Iberdrola Group member, has been recognized as one of the 100 Best Corporate Citizens of 2024 by 3BL. The company ranked #3 among Utilities in this prestigious list, which evaluates the largest U.S. public companies based on environmental, social, and governance performance.

The ranking assessed 1,000 companies across seven pillars, including climate change, employee relations, environment, and governance. Avangrid's CEO, Pedro Azagra, highlighted the company's commitment to sustainable solutions, emissions reduction, and improving customer and employee lives. Laney Brown, VP of Sustainability, emphasized Avangrid's dedication to transparency and supporting stakeholders in the clean energy transition.

The 2024 methodology introduced new factors to measure progress on key issues such as greenhouse gas emissions, energy and water use, and workforce diversity. The ranking relies solely on publicly available data published between August 2023 and August 2024.

Positive

• Ranked #3 among Utilities in the 100 Best Corporate Citizens list
• Recognition for exceptional commitment to ESG transparency and performance
• Demonstrates progress in sustainable solutions and emissions reduction
• Commitment to creating a modern, reliable, and resilient energy grid
• Accelerating the energy transition with innovative, renewable energy projects

Negative

• None.

Avangrid ranked #3 for Utilities

ORANGE, Conn.--(BUSINESS WIRE)-- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, was recently recognized by 3BL, a leading sustainability communications partner, as one of the 100 Best Corporate Citizens of 2024. This prestigious ranking acknowledges Avangrid’s exceptional commitment to environmental, social, and governance transparency and performance among the largest public companies in the United States.

The ranking evaluates publicly-available data from 1,000 of the largest U.S. publicly-traded companies. Avangrid was ranked #3 across Utilities. The full list can be found here.

“This recognition as one of the nation’s best corporate citizens is testament to our commitment to finding sustainable solutions, reducing emissions, and improving the lives of our customers and employees,” said Pedro Azagra, Avangrid CEO. “We are creating a more modern, reliable, and resilient energy grid that will support the communities we serve for years to come, while accelerating the energy transition with innovative, renewable energy projects that are powering the country.”

“We are proud of all the teams at Avangrid that work every day to help us advance a just and equitable transition to a clean energy future,” said Laney Brown, vice president of sustainability at Avangrid. “This award reflects our commitment to transparency in reporting, and to the actions Avangrid is taking to ensure our key stakeholders – from customers and communities to employees and the environment – are supported in the transition to a clean energy economy.”

The 100 Best Corporate Citizens ranking evaluates Russell 1,000 companies based on 223 factors across seven pillars, including climate change, employee relations, environment, governance, human rights, and stakeholders and society. The 2024 methodology developed by 3BL and ISS ESG introduced new factors to measure progress on key issues such as greenhouse gas emissions, energy and water use, and workforce diversity to reflect modern best practices for performance and disclosure.

"Celebrating 25 years of the 100 Best Corporate Citizens, it’s clear the competition for leadership has never been tougher, and the stakes for progress have never been higher," said Charlie Wilkie, CEO of 3BL. "With new metrics this year addressing critical areas like emissions and workforce diversity, the 2024 list highlights companies that are setting new standards for transparency and delivering measurable outcomes. As expectations for corporate action grow, these companies are not just setting ambitious goals — they’re also achieving tangible results. Looking ahead, we’re committed to evolving this index, pushing businesses to demonstrate even greater accountability and impact."

The 100 Best Corporate Citizens relies solely on publicly available data and information. The data and information used for the 2024 ranking were published between August 2023 and August 2024.

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/20241017964707/en/

Media:

Keaton Thomas

Keaton.thomas@avangrid.com

503-956-9621

Source: AVANGRID, Inc.

FAQ

What ranking did Avangrid (AGR) achieve in the 100 Best Corporate Citizens list for 2024?

Avangrid (AGR) ranked #3 among Utilities in the 100 Best Corporate Citizens list for 2024.

How many companies were evaluated for the 100 Best Corporate Citizens ranking in 2024?

The ranking evaluated 1,000 of the largest U.S. publicly-traded companies for the 2024 list.

What new factors were introduced in the 2024 methodology for the 100 Best Corporate Citizens ranking?

The 2024 methodology introduced new factors to measure progress on key issues such as greenhouse gas emissions, energy and water use, and workforce diversity.

What period does the data used for Avangrid's (AGR) 2024 ranking cover?

The data used for Avangrid's (AGR) 2024 ranking was published between August 2023 and August 2024.