Avangrid Honors Business Partners at 2024 Supplier Awards

Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, recently recognized six outstanding suppliers at its 2024 Avangrid Supplier Awards. The event, held at Avangrid's headquarters in Orange, Connecticut, celebrated the critical role of business partners in addressing immediate customer needs while advancing the company's clean energy future.

Pedro Azagra, Avangrid's CEO, expressed enthusiasm for honoring partners who uphold high ethical standards and governance. The event's theme, "Delivering the Future of Energy through Powerful Partnerships," highlighted the importance of collaboration in driving innovation and sustainability.

The awards recognized six valued suppliers in various categories, including Mortenson as the Supplier of the Year, Irby Utilities for Health and Safety, Northline Utilities for Emergency or Storm Excellence, TransAmerican Power Poles (TAPP) for Diversity, Ferguson Electric for Sustainability, and ICF for Innovation.

Avangrid's commitment to its supply chain is evident in its strong relationships with key suppliers, which have been forged over many years and result in $5 billion in annual purchases. These partnerships are a key success factor for Avangrid, helping the company become a leading sustainable energy company in the U.S.

Employees of Avangrid's businesses nominated various vendors for the awards, and a steering committee with representatives of Avangrid purchasing and business leaders selected the winners among the 50 nominated suppliers.

Avangrid's recognition program influences suppliers' motivation and commitment to maintaining high performance standards. The awards contribute to Avangrid's supply chain resilience and sustainability efforts by fostering a culture of excellence and continuous improvement among its business partners. Additionally, the program enhances Avangrid's brand reputation and customer trust by demonstrating the company's commitment to ethical practices and good governance.

Avangrid's supplier partnerships contribute to its sustainability goals and ethical governance by promoting collaboration, innovation, and shared values among its business partners. The supplier awards play a crucial role in fostering a culture of sustainability and ethical practices within Avangrid's supply chain, aligning with the company's commitment to the U.N. Sustainable Development Goals.