Avangrid Achieves Global Recognition for Sustainability Progress in FTSE4Good Index
August 02 2024 - 10:20AM
Business Wire
Ranks well above the utility industry average
in environment, social and governance themes
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and member of the Iberdrola Group, has announced it has once again
been included in the global FTSE4Good Index Series, which measures
the performance of companies demonstrating strong sustainability
practices. This is Avangrid’s seventh consecutive year as a member
of the Index and Iberdrola has been ranked on it since 2009.
“I am pleased with Avangrid’s inclusion in the FTSE4Good Index
for the seventh year in a row,” said Pedro Azagra, Avangrid CEO.
“Climate change is an unprecedented global challenge. At Avangrid,
our climate action strategy is informed by the leadership of the
Iberdrola Group, who have been leading the transition to clean
energy for more than two decades. Our commitments as a leader in
the clean energy transition are continuing to evolve, and they
reflect our dedication to serving the needs of our customers and
communities today, while helping to ensure the well-being of
generations to come.”
Created by the global index and data provider FTSE Russell, the
FTSE4Good Index Series is designed to measure the performance of
companies demonstrating strong environmental, social and governance
(ESG) practices. The FTSE4Good indexes are used by a wide variety
of market participants to create and assess responsible investment
funds and other products. FTSE Russell evaluations are based on
performance in areas such as Corporate Governance, Health &
Safety, Anti-Corruption and Climate Change. Businesses included in
the FTSE4Good Index Series meet a variety of environmental, social
and governance criteria.
In its most recent evaluation, Avangrid rated on the Index well
above the utility industry average in all FTSE Russell’s
categories. The company earned FTSE’s highest score for labor
standards and for governance, which includes evaluation of risk
management, corporate governance and anti-corruption. Furthermore,
compared with its U.S. peers, Avangrid was rated more than 30%
higher overall and more than 25% higher in environmental areas such
as climate change and pollution and resources.
In addition to being included on the FTSE4Good Index Series,
Avangrid has earned numerous sustainability recognitions this year,
including being named among Barron’s 100 Most Sustainable
Companies, being recognized by JUST Capital as the top ranking
utility on the 2024 JUST 100, and being named among the World’s
Most Ethical Companies by Ethisphere for the sixth year in a
row.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20240802298653/en/
Media: Sarah Warren sarah.warren@avangrid.com
585-794-9253
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