Press Releases
01/25/2022
Green Financing
Green Financing
Green Financing Framework
At Avangrid we aspire to grow through our investments. Here, we will seek to meet our commitments and support the clean energy transition, with a focus on delivering consistent earnings growth and providing stable dividend payments in alignment with our plan for becoming the leading sustainable energy company in the U.S. We believe that this is a better and more balanced way to do business – doing well by doing good for our customers, employees, communities and shareholders.
By taking this approach – and by adhering to our ESG+F strategy – we are investing in a more sustainable future while providing innovations, efficiencies and excellence to those we serve.
We see green financing (structured financial activities created to ensure a better environmental outcome) as a valuable tool to support our investment program, to create accountability with our investors and to help us adhere to our socially responsible business practices.
In 2022, we added $275 million to our existing green bond portfolio by issuing an inaugural utility green bond at CMP to finance investments in system resiliency, LED street lighting and advanced metering infrastructure. These issuances increased our total green bond portfolio to $2.85 billion as of the publication date of this report. In addition, of the $21.5 billion we forecast investing between 2023 and 2025, $5.9 billion will be eligible under our current Framework for Green Financing, as these funds will go toward investments in renewable energy, energy efficiency, climate change adaptation and clean transportation.
Along with being an early adopter of green bonds, we are one of the first U.S. companies to execute a sustainability-linked credit facility (in 2018), which links our pricing in that facility to our carbon emissions intensity.
About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has corporate offices in Connecticut, New York, Massachusetts, Maine, and Oregon, and operations across 25 states with approximately $50 billion in assets. Avangrid owns and operates seven electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. It also owns and operates nearly 100 energy generation facilities across the United States with a capacity of more than 11 Gigawatts, enough to power over 3 million homes. Avangrid employs approximately 8,500 people 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. 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.
