Avangrid Named One of the 100 Best Corporate Citizens of 2024

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company in the United States, has been recognized as one of the 100 Best Corporate Citizens of 2024 by 3BL Media. This prestigious ranking highlights Avangrid's exceptional commitment to environmental, social, and governance (ESG) principles, setting it apart in the utility sector.

Avangrid's commitment to renewable energy generation has significantly impacted its ESG score. The company owns and operates a diverse portfolio of renewable energy generation facilities across the United States, including wind, solar, and hydropower projects. These investments have enabled Avangrid to reduce its carbon footprint and contribute to the nation's clean energy transition.

Key diversity, equity, and inclusion initiatives implemented by Avangrid have also contributed to its ranking. The company has set an aspirational goal of having 35% women in executive positions, which it has already achieved. Avangrid's commitment to diversity and inclusion is evident in its workforce, with approximately 8,000 employees across 24 U.S. states.

Avangrid's approach to stakeholder engagement and community impact has been instrumental in its ESG performance. The company supports the U.N.'s Sustainable Development Goals and has contributed an estimated $10 billion to the country's GDP, supporting approximately 70,000 U.S. jobs. Avangrid's community impact initiatives, such as its national campaign to reaffirm its commitment to the clean energy transition, demonstrate its dedication to creating a positive social and environmental impact.

Avangrid's strong sustainability performance is driven by its significant renewable energy investments, carbon reduction targets, and community engagement. The company has invested more than $44 billion in assets and operations, with a focus on renewable energy and smart grid technology. Avangrid's commitment to ESG principles has not only positively impacted its ESG score but has also enhanced its financial performance and shareholder value.

In conclusion, Avangrid's recognition as one of the 100 Best Corporate Citizens of 2024 is a testament to its unwavering commitment to sustainability, diversity, and community impact. The company's leadership in the utility sector serves as an inspiration for other corporations to adopt similar ESG-focused strategies, ultimately contributing to a more sustainable and equitable future.