Avangrid Named to Barron’s 100 Most Sustainable Companies

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02/27/2024 - 11:31 AM

Recognized for excellence in governance and sustainability metrics and diversity, equity and inclusion practices

First time Barron’s has recognized Avangrid as a sustainable leader

ORANGE, Conn.--(BUSINESS WIRE)-- Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today that it has been named for the first time to Barron’s 100 Most Sustainable Companies. This list represents the country’s top 100 firms who achieved the highest scores across 230 environment, social and governance (ESG) metrics, including issues ranging from workplace diversity to biodiversity and greenhouse-gas emissions.

“Climate change is the defining issue of our time, and we’re committed to leading the clean energy transition through verifiable actions,” said Pedro Azagra, Avangrid CEO. “As a member of the Iberdrola Group, we believe in holding ourselves accountable to the highest sustainability standards. This honor by Barron’s confirms that we are following the correct path and our actions are making a true impact. I’m proud that our actions today will shape a greener more sustainable future for generations to come.”

To build its list of most sustainable companies, Barron’s partnered with Calvert, a leader in ESG investing. Calvert ranked each of the country’s 1,000 largest publicly traded companies on how each performed in shareholders, employees, customers, community and planet. Specifically, it looked at more than 230 performance indicators from seven rating companies along with other data and Calvert’s internal research. To earn a place on Barron’s list, a company had to be rated above the bottom quarter in each material stakeholder category. If a company performed poorly in any key category that was financially material, it was disqualified.

In addition to this honor from Barron’s, Avangrid was recently named on JUST Capital’s annual JUST 100 for the fourth consecutive year. This year, Avangrid ranked first among utilities and 12 overall on the list of America’s best corporate citizens.

To learn more about Barron’s 2024 100 Most Sustainable Companies or their methodology, click here.

About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $44 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 in 2021, 2022, 2023 and 2024 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. 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 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.