Taking Action to Address Climate Change

 

The fight against climate change is central to our leadership in providing clean energy solutions. Climate change presents an unprecedented global challenge, and it drives us to achieve a clean, sustainable, and equitable energy future. By investing in our network’s infrastructure, expanding the generation of clean energy, and protecting our customers from the increasingly significant impacts of extreme weather events, we are delivering a more robust, sustainable, and equitable energy future designed to increase stability while addressing climate impacts.

Our Climate Action Policy was created in alignment with the Paris Accord and is focused on reducing the risks associated with climate change through the creation and implementation of technologies with lower CO2 emissions, along with the expansion of electric energy generation from clean, renewable sources.

In 2022, we updated our Climate Action Policy, putting in place new, ambitious goals to reduce climate impacts over previous years’ commitments as we recognize both the severity of the climate crisis and our ability to work collaboratively across our company on solutions. These
efforts include:

• A new Net Zero strategy focused on achieving carbon neutrality for our Scopes 1 and 2 emissions by 2030 (an acceleration of our previous goal of reaching carbon neutrality in only Scope 1 emissions by 2035).
• Reducing the carbon emissions intensity associated with our energy generation by 70% by 2030 compared to our 2015 baseline.
• Increasing our emissions-free installed capacity by 190% by 2030 compared to our 2015 baseline.
• Creating 48 ktons of installed clean energy from green hydrogen capacity by 2030.
• Sourcing 100% renewable energy in all of Avangrid's owned corporate buildings by 2030.
• Installing 15,000 network EV chargers across our communities by 2030.
• Converting 60% of our vehicle fleet to clean-energy alternatives by 2030, including 100% of our light-duty vehicles.

These updates, while ambitious, are based on years of experience as a leader in the transition to a clean energy future, and we’re working from a strong foundation. Since 2015, Avangrid has achieved a carbon emissions intensity that is six times lower than the average U.S. utility,* and our current capacity is 91% emissions-free. Since 2017, our commitment to achieve net zero emissions has put us at the forefront of the industry.