Press Releases
11/16/2023
Avangrid Chairman Ignacio Galán named on the inaugural TIME100 Climate List of the 100 most influential leaders driving business climate action
Avangrid Chairman Ignacio Galán named on the inaugural TIME100 Climate List of the 100 most influential leaders driving business climate action
ORANGE, Conn. — November 16, 2023 — Ignacio Galán, the Executive Chairman of Iberdrola, and Chairman of its U.S. subsidiary Avangrid, Inc. (NYSE: AGR), has been included in the inaugural TIME100 Climate list, recognizing the 100 most innovative leaders driving business climate action
To assemble the list, TIME's editors and reporters fielded nominations and recommendations from industry leaders and partner organizations like Global Optimism and The B Team, as well as TIMECO2’s Advisory Council, then worked to assess the candidates on a variety of factors, including recency of action, measurable results, and influence.
Under Mr Galán’s leadership over the past two decades, Iberdrola has invested over $150 billion to drive the transition to clean energy.
Iberdrola’s focus on renewable energy and smart grid networks has placed it at the forefront of the energy transition. In the last two decades, the company has grown from the 20th largest electricity utility globally, to the world’s top three by market cap, at the same time as leading the industry in climate ambition.
Mr Galán has overseen the closure of all of Iberdrola’s 17 coal and fuel oil plants across the world at the same time as establishing an industry leading renewable energy capacity of more than 41,000 megawatts (MW). The company’s CO2 intensity emissions are 70% lower than the European electricity sector average.
More than $50 billion of investments is planned between 2023 and 2025, which will underpin the company’s ambitious Climate Action Plan. Iberdrola aims to achieve carbon neutrality for scopes 1 and 2 by 2030 and net-zero emissions before 2040 for all scopes.
The full list is now live on Time.com and will appear in the December 5, 2023 issue, available on newsstands on Friday, Nov. 24th, and now at time.com/time100-climate.
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.
