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04/09/2024

Avangrid Recognized for Job Quality Performance by JUST Capital

Avangrid Recognized for Job Quality Performance by JUST Capital

Earned highest possible score in Employee Wellness and Training & Development on JUST Capital’s JUST Jobs Scorecard
JUST Capital is an independent nonprofit that measures and ranks corporate performance

ORANGE, Conn.  — April 9, 2024 — Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company and a member of the Iberdrola Group, announced today that is has been named a Top Performer on JUST Capital’s JUST Jobs Scorecard. Avangrid earned top marks in the categories of Employee Wellness and Training & Development and earned an overall score well above the energy industry average.  

“Our people are our greatest asset,” said Pedro Azagra, Avangrid CEO. “By investing in their development and well-being, we’re investing in the future of our company. We recognize that prioritizing job quality also creates a positive ripple effect that extends to our customers, shareholders, and society at large. That is why I’m very pleased to see us perform so well on the JUST Jobs Scorecard. This will be a valuable tool to ensure we remain an employer of choice for top talent in the energy industry and beyond.”

JUST Capital is an independent nonprofit that measures and ranks corporate performance to help companies improve how they serve all their stakeholders. The JUST Jobs Scorecard is their new data-driven interactive tool to help companies prioritize investments in their workers. It creates a standard by assessing job quality performance on 31 data points across six key topic areas: Benefits, Employee Wellness, Hiring & Stability, Training & Development, Wages & Compensation, and Workforce Composition. The goal is that the Scorecard will help corporate leaders benchmark themselves against peers and explore where they can take action to improve. 

Avangrid earned the highest possible score in both Employee Wellness and Training & Development. The company attributes this to taking a “Total Health” approach to benefits and wellbeing with inclusive programs designed to support employees’ physical, financial, emotional and social health, as well as their families’, throughout various stages of life. This includes providing a leading 401(k) employer match, paid parental leave, a highly visible, multi-dimensional mental health strategy with a comprehensive employee assistance program, and fertility and family forming benefits. 

On the professional development side, Avangrid provides training opportunities for employees with a focus on leadership development and mentorship. This includes a training curriculum for all new people leaders to help them create inclusive environments and develop the skills and knowledge to effectively lead their teams. In 2023, Avangrid employees logged a total of 20,051 hours of leadership training and 13,260 online leadership course training hours.

About Avangrid

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.

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