Press release
Avangrid Earns Most Sustainable Electric Company and Best Corporate Governance Awards from World Finance
Honored for clean energy ambitions and socially responsible business practices, strengthening Avangrid as a leader in sustainable energy
ORANGE, Conn. —June 26, 2023 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, announced today it has received two honors from World Finance: Most Sustainable Company in the Electric Services Industry and Best Corporate Governance. This is the fourth time World Finance, an international publication specializing in the financial industry, has recognized Avangrid for its governance leadership.
“We’re proud to receive these two awards highlighting our commitment to both sustainability and corporate governance,” said Pedro Azagra, Avangrid CEO. “To receive recognition in governance leadership for a fourth time from World Finance showcases our continuing commitment to upholding the highest ethical standards and values as a company. We have set ambitious clean energy goals for the future, and these awards acknowledge our dedication and transparency in the realm of sustainable energy. They demonstrate that we have the qualities necessary to lead the United States’ clean energy transition in partnership with the Iberdrola Group.”
Since 2019, World Finance has presented its Sustainability Awards to companies who put green values at the forefront of their business operations and show true commitment to cutting emissions across their company’s entire value chain. To earn the title of 2023 Most Sustainable Company in the Electric Services Industry, the judges reviewed Avangrid’s clean energy commitments, business fundamentals, and sustainable growth strategies. Avangrid was selected for its ambitious commitments to reach carbon neutrality in scopes 1 and 2 by 2030 and for leading the emerging offshore wind industry in the United States. The panel also recognized Avangrid’s commitment to enhancing and modernizing its grid infrastructure through $1.9 billion in grid investments and $97 million in investments in energy innovation projects in 2022.
World Finance’s Corporate Governance Awards recognize companies with the most diverse and succinct governance platforms that have proven their commitment to transparency and accountability, creating a better society and helping tackle the biggest issues in our world today. Avangrid was chosen for its commitment to transparency and ethical principles as the cornerstones of its corporate governance and sustainability system, which is integral to Avangrid’s corporate purpose and comprehensive ESG+F strategy (environment, society, governance, and financial strength).
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For media inquiries, email: corporatecommunications@avangrid.com
About Avangrid: Avangrid, Inc. is a leading U.S. energy company investing in grid infrastructure and power generation projects to deliver reliable energy and meet growing electricity demand. With approximately $50 billion in assets and operations across 25 states, Avangrid is helping modernize the U.S. electric grid, improve system resiliency, and support economic growth for the customers and communities it serves.
Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Avangrid also has nearly 100 energy generation facilities across the United States and more than 11 gigawatts of installed capacity. Avangrid has more than 8,300 employees and was named among the World's Most Ethical Companies in 2026 for the eighth consecutive year by the Ethisphere Institute. Avangrid is a member of the Iberdrola Group.
About Iberdrola: With a market capitalization of more than €140 billion, Iberdrola is the largest electricity company in Europe and one of the two largest in the world. The Group serves more than 100 million people around the world and has a workforce of 45,400 employees and assets of €165 billion. In 2025, Iberdrola posted a record net profit of €6.3 billion. The company contributes close to €10.4 billion in taxes in the countries where it operates and supports more than 500,000 jobs throughout its supply chain, thanks to €13.2 billion in purchases from tens of thousands of suppliers.
Since 2001, Iberdrola has invested more than €175 billion in electricity networks, renewable energy and energy storage to help create an energy model based on electrification. The company has close to 1.4 million km of electricity networks in the United States (the states of New York, Connecticut, Maine and Massachusetts), the United Kingdom (Scotland, England and Wales), Brazil (the states of Bahia, Rio Grande do Norte, Pernambuco, São Paulo and Mato Grosso do Sul, as well as Brasilia) and Spain, as well as 57,000 MW of capacity worldwide, of which more than 46,000 MW is renewable.
