Press release
Avangrid Named One of the 100 Best Corporate Citizens of 2024
Avangrid ranked #3 for Utilities
ORANGE, Conn. — Oct. 17, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and member of the Iberdrola Group, was recently recognized by 3BL, a leading sustainability communications partner, as one of the 100 Best Corporate Citizens of 2024. This prestigious ranking acknowledges Avangrid’s exceptional commitment to environmental, social, and governance transparency and performance among the largest public companies in the United States.
The ranking evalutes publicly-available data from 1,000 of the largest U.S. publicly-traded companies. Avangrid was ranked #3 across Utilities. The full list can be found here.
“This recognition as one of the nation’s best corporate citizens is testament to our commitment to finding sustainable solutions, reducing emissions, and improving the lives of our customers and employees,” said Pedro Azagra, Avangrid CEO. “We are creating a more modern, reliable, and resilient energy grid that will support the communities we serve for years to come, while accelerating the energy transition with innovative, renewable energy projects that are powering the country.”
“We are proud of all the teams at Avangrid that work every day to help us advance a just and equitable transition to a clean energy future,” said Laney Brown, vice president of sustainability at Avangrid. “This award reflects our commitment to transparency in reporting, and to the actions Avangrid is taking to ensure our key stakeholders – from customers and communities to employees and the environment – are supported in the transition to a clean energy economy.”
The 100 Best Corporate Citizens ranking evaluates Russell 1,000 companies based on 223 factors across seven pillars, including climate change, employee relations, environment, governance, human rights, and stakeholders and society. The 2024 methodology developed by 3BL and ISS ESG introduced new factors to measure progress on key issues such as greenhouse gas emissions, energy and water use, and workforce diversity to reflect modern best practices for performance and disclosure.
"Celebrating 25 years of the 100 Best Corporate Citizens, it’s clear the competition for leadership has never been tougher, and the stakes for progress have never been higher," said Charlie Wilkie, CEO of 3BL. "With new metrics this year addressing critical areas like emissions and workforce diversity, the 2024 list highlights companies that are setting new standards for transparency and delivering measurable outcomes. As expectations for corporate action grow, these companies are not just setting ambitious goals — they’re also achieving tangible results. Looking ahead, we’re committed to evolving this index, pushing businesses to demonstrate even greater accountability and impact."
The 100 Best Corporate Citizens relies solely on publicly available data and information. The data and information used for the 2024 ranking were published between August 2023 and August 2024.
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.
