Press release
Avangrid Named Most Sustainable Company in the Clean Energy Industry by World Finance
Honored for sustainability commitments and clean energy investments
ORANGE, Conn. — June 25, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today it has been named Most Sustainable Company in the Clean Energy Industry by World Finance, an international publication specializing in the financial industry. This is the second consecutive year that Avangrid has been honored by World Finance for sustainability leadership.
“Avangrid’s journey continues with a clear vision: advance a fair and inclusive clean energy transition for all,” said Pedro Azagra, Avangrid CEO. “Receiving recognition from World Finance for our sustainability initiatives for a second consecutive year is a testament to our unwavering dedication to decarbonization. In alignment with the Iberdrola Group, we will continue to advance our commitments, ensuring the well-being of our communities and our planet for generations to come.”
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 2024 Most Sustainable Company in the Clean Energy Industry, the judges reviewed Avangrid’s sustainability commitments, clean energy investments, and diversity, equity and inclusion efforts.
Avangrid was selected for its significant progress in its sustainability efforts over the last year, including achieving 8.7 GW of installed emissions-free capacity, and its economic and community impact, having supported approximately 70,000 U.S. jobs and contributed an estimated $10 billion to the country’s GDP. The panel also recognized Avangrid’s diversity and inclusion milestone of reaching its aspirational goal of having 35% women in executive positions.
For more information on Avangrid’s sustainability commitments, click here to read the company’s 2023 Sustainability Report.
Media Contact
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.
