Press Releases
03/15/2022
AVANGRID Recognized by Ethisphere as One of The World’s Most Ethical Companies for Fourth Consecutive Year
AVANGRID Recognized by Ethisphere as One of The World’s Most Ethical Companies for Fourth Consecutive Year
ORANGE, Conn. — March 15, 2022 — AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This marks AVANGRID’s fourth consecutive year earning the designation from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
AVANGRID is one of only nine honorees globally in the Energy and Utilities sector in 2022. A total of 136 honorees were recognized spanning 22 countries and 45 industries.
“We are committed to accountability and leading with a strong ethics-driven, continuous improvement culture that builds on our purpose and values,” said Kyra Patterson, Chief Human Resources Officer at AVANGRID. “We believe in principled actions, effective decision-making and appropriate monitoring of both compliance and performance. Receiving this honor from Ethisphere for the fourth consecutive year is a true testament to the dedication of the entire AVANGRID team to upholding the highest ethical standards.”
Transparency and commitment to continuous improvement are cornerstones of AVANGRID’s corporate governance system. This system is reflected in the management approach to sustainability and our comprehensive ESG+F strategy (environment, society, governance and financial strength).
“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We commend the AVANGRID team for its leading approach to ethics, compliance and corporate governance, and dedication to advancing clean energy projects to benefit the communities they serve while maintaining a deep commitment to socially responsible business practices. Congratulations to AVANGRID for earning the World’s Most Ethical Companies designation.”
Ethics & Performance
Ethisphere’s 2022 Ethics Index, the collection of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large cap companies by 24.6 percentage points over the past five calendar years.
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.
The full list of the 2022 World's Most Ethical Companies can be found at here.
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.
