Participation in Associations

Participation in Associations

Avangrid has strong governance, processes, and controls in place to ensure that contributions and association memberships are aligned with the company’s overall corporate governance, purpose and values.

The company decides on its participation in entities and associations based on the sustainable growth and the interests of its main Stakeholders, considering consistency with the corporate Purpose and Values, among which the energy transition and the fight against climate change are of paramount importance.

In 2022, Avangrid participated about 135 organizations, contributing to their support through the payment of membership fees and other contributions. Click here to see the list.

The list of the associations is also included in annual GRI reporting, as part of our broader Sustainability reporting program. 

Alignment with Paris Agreement

Avangrid discloses association memberships and alignment with Avangrid’s climate change policies and targets that are aligned with above mention Statement and Paris Agreement goal for associations where the fees, relevance and impact are material. The determination of materiality is based on an assessment of the facts and circumstances but will generally include annual fees in excess of $500,000 for purposes of this reporting requirement. 

In 2022, the three organizations that meet this materiality threshold including Edison Electric Institute, American Gas Association, and American Clean Power. In addition to these three associations with material fees, Avangrid has analyzed an additional three additional associations due its relevance and influence in the field of energy and climate change. Click here to see the analysis. 

Click here to find out more how Avangrid manage its financial contributions to political parties.

 

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