Only list to recognize America’s corporate
leaders on business issues prioritized by the public
Avangrid ranks 12 overall, earning top marks on
ethical leadership, climate change, customer treatment and more
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and member of the Iberdrola Group, today was recognized for the
fourth consecutive year on the annual JUST 100—a list of America’s
best corporate citizens published by JUST Capital and its media
partner CNBC. This year Avangrid earned the top rank among
utilities, up from second in 2023, and improved its overall
ranking to 12, up from 45 in 2023, for its commitment to serving
its workers, customers, communities, the environment, and
shareholders.
To receive the number one ranking in the utility industry,
Avangrid earned leading scores on key issues, such as human rights,
community development, ethical leadership, customer treatment,
transparent communication, beneficial products, climate change,
workforce advancement, and sustainable materials.
“It is a huge honor to earn the leading rank among utilities in
this year’s JUST 100,” said Pedro Azagra, Avangrid CEO. “Every day,
our team comes to work ready to serve our customers, communities
and stakeholders in an ethical and just way. This recognition is a
testament to that dedication across our organization—from human
resources and procurement to customer service and communications.
The entire Avangrid team puts our core values into practice
daily.”
The JUST 100 Rankings are the only measure of how the nation’s
largest corporations are performing on the business issues that
matter most to Americans. The issues – which include paying a fair,
living wage, creating jobs in the U.S., supporting workforce
retention and training, providing benefits and work-life balance,
protecting customer privacy, minimizing pollution, and more – are
defined annually by an extensive nationwide polling process done on
a fully representative basis. The top 100 companies – the JUST 100
– are determined by scoring performance across the full range of
criteria and comparing companies head-to-head.
JUST Capital is an independent nonprofit that demonstrates how
just business – defined by the priorities of the public – is better
business. JUST Rankings reveal which companies are doing the best
job of creating value for their stakeholders, and consistently show
that the companies that score best also outperform their peers
financially.
Compared to their Russell 1000 peers, companies in the JUST 100
on average:
- Pay 11.8 percentage points more of their workers a family
sustaining living wage (78.3%).
- Provide 7.2 more hours of career development training
per employee.
- Offer 2 more weeks of paid parental leave for both
primary caregivers and secondary caregivers.
- Intake 99% less water per revenue dollar.
- Emitted 42% less metric tons of CO2 per revenue
dollar.
- Used 29.6 percentage points more renewable energy as a
proportion of their total energy use.
- Have a 4% higher profit margin, 2.9% higher return on
equity, and 1.2% higher dividend yield.
“American capitalism has to work for more Americans. For this to
happen, the private sector, and especially big corporations, must
take the lead in creating value for all their stakeholders,” said
JUST Capital CEO Martin Whittaker. “That’s exactly what the JUST
100 are doing. They show that just business is better
business.”
For the annual Rankings, JUST Capital collects and analyzes
corporate data to evaluate the 1,000 largest public U.S. companies
across 20 Issues identified through comprehensive, ongoing public
opinion research on Americans’ attitudes toward responsible
corporate behavior. JUST Capital has engaged more than 170,000
participants, on a fully representative basis, since 2015.
CNBC will delve into the data, highlighting company-specific
results and showcasing key stakeholder performance stories about
this year’s JUST 100 leaders across the network’s broadcast and
digital platforms at cnbc.com/just100. An exploration of the JUST
100 companies can be found at justcapital.com/rankings.
About Avangrid: Avangrid, Inc. (NYSE: AGR) aspires to be
the leading sustainable energy company in the United States.
Headquartered in Orange, CT with approximately $41 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 more than 7,500 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.
About JUST Capital: The mission of JUST Capital, an
independent nonprofit, is to demonstrate how just business –
defined by the priorities of the public – is better business. Our
goal is to help companies create value for all their stakeholders –
their workers, customers, communities, the environment, and
shareholders – by focusing on the issues that matter most to
Americans. To date, we’ve polled more than 170,000 Americans on the
issues they believe companies should prioritize when it comes to
just business behavior, and those insights guide our work. We
believe that business and markets can and must be a force for the
greater good and that by shifting the resources of the $21.6
trillion private sector, we can drive competition to build a better
future for all. Our research, rankings, indexes, initiatives, and
new offerings like the JUST Jobs Scorecard help track, analyze,
incentivize, and scale corporate stakeholder performance. JUST
Capital publishes the annual list of America’s Most JUST Companies,
the JUST 100, in partnership with CNBC. To learn more, visit:
www.JUSTCapital.com.
About Our Methodology: Since 2015, JUST Capital has
surveyed more than 170,000 Americans on what Issues they believe
U.S. companies should prioritize when it comes to just business
behavior. Those Issues become the foundation by which we track,
analyze, and incentivize corporate behavior change, including the
Rankings of America’s Most JUST Companies. JUST evaluated 937
companies across 5 stakeholders, 20 Issues, and 236 raw data points
to produce the 2024 Rankings, featuring the JUST 100 and Industry
Leader lists.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240205371888/en/
Media Contact: Sarah Warren sarah.warren@avangrid.com
585-794-9253
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