Avangrid’s 2023 Sustainability Report Surpasses Previous Year Results on Climate Action
23 Abril 2024 - 10:00AM
Business Wire
Company achieves remarkable year-over-year
progress on more than 85% of its sustainability goals
Report includes new Just Transition section
dedicated to Avangrid’s commitment to advancing a clean energy
transition that is fair and inclusive
Highlights how the company’s sustainability
efforts led to 14 national and global recognitions in 2023
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and a member of the Iberdrola Group, marked Earth Day by announcing
strong progress on the company’s sustainability commitments.
Avangrid today released its 2023 Sustainability Report, titled “Our
journey continues: Advancing the clean energy transition,” which
details how Avangrid achieved year-over-year progress on more than
85% of its goals.
“We are more committed than ever to ensuring that we’re doing
the right thing for our communities, customers, people and planet,”
said Pedro Azagra, Avangrid CEO. “After all, climate change is an
unprecedented global challenge that is elevating the need for clean
energy solutions around the globe. As you will see in this year’s
Sustainability Report, our actions are making a difference to
advance decarbonization and accelerate an equitable, accessible
transition to clean energy.”
The company’s annual Sustainability Report tracks and highlights
Avangrid’s results towards its sustainability commitments and how
these actions are creating a clean energy future. The company’s
goals include scope 1 and 2 carbon neutrality (by 2030), achieving
12.5 GW emissions-free installed capacity (by 2030), and reaching
35,000 employee volunteer hours (in 2025). Additionally, new to
this year’s report is a section dedicated to Avangrid’s commitment
to advancing a Just Transition. This section outlines how Avangrid
is working toward a Just Transition that greens the economy in a
way that is fair and inclusive.
Among the 2023 accomplishments highlighted in the report,
Avangrid achieved:
- Advancing construction of the country’s first large-scale
offshore wind farm Vineyard Wind 1, leading to the project
exporting recurrent power into New England on January 2 of this
year.
- More than 23,000 volunteer hours across 26 states, more than
doubling the company’s volunteer hours from 2022.
- Investing $185 million in climate mitigation and adaption to
helping build a smarter, stronger grid protected from the
increasingly significant impacts of extreme weather events.
- 14 sustainability accolades in 2023, including being named one
of America’s Climate Leaders by USA Today.
- Growth from 5% in 2022 to 44% in 2023 in renewable electricity
in corporate buildings.
- Launching a workforce development partnership with Utility
Workers Union of America Local 407-1 and two technical high schools
in Connecticut to ready the next generation of lineworkers.
- Designation as one of the World’s Most Ethical Companies for
the fifth year in a row by Ethisphere.
- Spending $284 million with diverse suppliers in 2023 – a 45%
increase from the prior year.
“At Avangrid, our focus on sustainability is core to every
decision we make, and our business is guided and strengthened by
our sustainability commitments,” said Laney Brown, vice president
of sustainability at Avangrid. “I’m very proud of the progress
we’ve made in the last year and excited to release our 2023
Sustainability Report that details our actions. As we look to the
future, we’ll continue to address critical issues like climate
change, protecting biodiversity, building opportunities for our
employees and helping our communities access the resources they
need to thrive.”
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 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/20240422646871/en/
Media: Sarah Warren sarah.warren@avangrid.com
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