Press Releases
06/01/2021
AVANGRID Achieves Globally Recognized Certification for Corporate Compliance
AVANGRID Achieves Globally Recognized Certification for Corporate Compliance
Ethisphere certifies company with Compliance Leader Verification, extending an earlier 2019-2021 verification
ORANGE, Conn. — June 1, 2021 — AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, today announced recertification of its Compliance Leader Verification from the Ethisphere Institute, a global leader in defining and advancing standards for ethical business practices. This marks the continuation of the company’s previous 2019-2020 verification.
Ethisphere awards Compliance Leader Verification certification exclusively to companies with best-in-industry corporate compliance programs, sending a clear signal to key stakeholders that their company takes compliance and ethics seriously.
“We are honored and take great pride in receiving Ethisphere’s Compliance Leader Verification,” said Dennis V. Arriola, CEO of AVANGRID. “Transparency and commitment to continuous improvement are the cornerstones of AVANGRID’s corporate governance system. This recognition validates our purpose-driven culture of accountability, grounded in the highest ethical standards, mutual respect and trust.”
“The review team continues to be impressed with the commitment by AVANGRID leadership to making business integrity a strategic priority,” said Jodie Fredericksen, J.D., Senior Compliance Counsel of Ethisphere. “The company recognizes the value of ethics and compliance to all of its stakeholders and works with partners in human resources, communications and other areas to extend the impact of its program.”
Through the Compliance Leader Verification process, the Ethisphere Institute’s researchers and analysts conduct a rigorous review of the organization’s compliance and ethics program and corporate culture. Program practices and initiatives are benchmarked against Ethisphere’s World’s Most Ethical Companies® dataset for corporate and industry best practices.
AVANGRID’s performance was evaluated on six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring and auditing; and enforcement, discipline, and incentives.
More information about Compliance Leader Verification is available at https://ethisphere.com/what-we-do/leader-verification/
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About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
About the Ethisphere Institute: The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
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.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
