Avangrid Named to Barron’s 100 Most Sustainable Companies
February 27 2024 - 11:31AM
Business Wire
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
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.
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Media: Sarah Warren sarah.warren@avangrid.com
585-794-9253
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