Press Releases
Decarbonization
Decarbonization
Reducing Emissions Across the Economy
We are focused on improving our customers’ quality of life by enabling emissions reduction technologies across every aspect of the economy that we touch. From reducing our own carbon footprint, to working with our partners and suppliers to further develop the market and workforce, to enabling our customers to adopt more efficient, renewable and lower-emitting technologies, we are committed to helping our communities transition to a clean energy economy.
This strategy starts with replacing the use of fossil fuel generation with wind, solar and other renewables until we reach an electric distribution grid that is powered by 100% emissions-free resources. It continues by enabling our customers to transition away from fossil fuels and toward increased zero-emission technologies at their businesses and homes with beneficial electrification solutions (like electric heat pumps and EVs).
Increasing Renewable Capacity, Decreasing Carbon Emissions
A key component of our economy-wide emissions reduction strategy includes increasing the amount of energy we produce and provide to our customers from renewable sources like wind, solar, geothermal and green hydrogen. Near-term, our goal is to generate 10 GW of emissions-free energy capacity by 2025 with a 70% reduction in our emissions intensity by 2030 compared to 2015.
In addition to expanding renewable energy from solar and wind, we are exploring new ways to tap into existing renewable energy sources to replace more carbon-intensive energy in our communities. For example, we are studying ways to harness geothermal energy while also helping our customers adopt more efficient, less carbon-intensive technologies.
Commitment to Carbon Neutrality
We’ve also committed to a target of achieving carbon neutrality for our Scopes 1 and 2 emissions by 2030—five years faster than our prior commitment, which focused solely on our Scope 1 emissions. This new commitment is aligned with Iberdrola’s emissions goals, which have been certified by the Science-Based Targets Initiative (SBTi).
What do the various Scopes mean? Here’s the breakdown:
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.
