Press Releases
01/10/2023
AVANGRID Named One Of America’s Most Just Companies By JUST Capital And CNBC For Third Consecutive Year
AVANGRID Named One Of America’s Most Just Companies By JUST Capital And CNBC For Third Consecutive Year
Recognition lists America’s best corporate citizens in creating a positive workplace, supporting our communities and protecting the environment.
AVANGRID recognized as an environmental leader within the utility sector
ORANGE, Conn. — January 10, 2023 — AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, today was recognized for the third consecutive year on the annual JUST 100—a list of America’s best corporate citizens published by JUST Capital and its media partner CNBC. AVANGRID improved its overall ranking from 48 in 2022 to 45 in 2023. AVANGRID is ranked second overall within the utility industry, up from fourth in 2022, and is ranked first among utilities for its commitment to the environment.
“Earning recognition as one of America’s Most JUST Companies for the third consecutive year demonstrates our dedication to creating clean energy projects while maintaining a deep commitment to socially responsible business practices,” said Pedro Azagra, CEO of AVANGRID. “I’m proud of our ESG+F strategy, which ensures we adhere to a principled and robust governance structure and a disciplined capital investment strategy to build long-term shareholder value and create positive social and environmental impacts. This recognition by JUST is a testament to the entire AVANGRID team and the leadership of the Iberdrola Group, who put this strategy and our core values into practice daily.”
In addition to earning the JUST 100 recognition since 2021, last year AVANGRID was also named among the top 100 companies on JUST Capital’s inaugural Workforce Equity and Mobility Ranking, demonstrating the company’s commitment to investing in hiring, training, and promoting a diverse workforce.
The JUST 100 Rankings are the only comprehensive evaluation of how the nation’s largest corporations perform on the issues that matter most to Americans today, including creating jobs in the U.S., paying a fair, living wage, acting with integrity at the leadership level, supporting workforce retention and training, protecting worker health and safety, providing benefits and work-life balance, protecting customer privacy, minimizing pollution and more.
“There has never been a more important time for businesses to step up, do right by their workers, and restore trust in capitalism and the American Dream,” said JUST Capital CEO Martin Whittaker. “This year’s JUST 100 leaders demonstrate that just business truly is better business.”
For the annual Rankings, JUST Capital collects and analyzes corporate data to evaluate the 1,000 largest public U.S. companies across 20 issues identified through comprehensive, ongoing public opinion research on Americans’ attitudes toward responsible corporate behavior. JUST Capital has engaged more than 160,000 participants, on a fully representative basis, since 2015.
Compared to their Russell 1000 peers, companies in the JUST 100 on average:
- Created 12,318 more jobs in the U.S. from 2017 to 2021.
- Pay 72% of workers a family sustaining living wage (8.6 percentage points more than peers).
- Provide 9 more hours of career development training per employee.
- Offer 2 more weeks of paid parental leave for primary caregivers and 1 more week of paid leave for secondary caregivers.
- Offer 2 more days of paid sick leave.
- Intake 79% less water per revenue dollar.
- Emitted 42% less metric tons of CO2 per revenue dollar.
- Had a 4.5% higher profit margin, 2.3% higher return on equity, and paid 5 times more in dividends.
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.
