At Avangrid, diversity encompasses all the dimensions that make each of us one-of-a-kind, including ethnicity, race, age, gender, sexual orientation, personality, beliefs, nationality, experiences, perspectives, and more. We believe innovation thrives in inclusive environments where our inherent worth is recognized, we can be authentic with one another, and know we belong to something bigger. Our Diversity, Equity, and Inclusion strategy has three areas of focus, with several initiatives tied to each: Increase Representation, Drive Opportunity, and Build Community.
As part of this roadmap, we are committed to promoting an inclusive environment through equitable and competitive business practices that strengthen the participation of ethnic minority-owned, women-owned, service-disabled veteran-owned, veteran-owned, people with disabilities, and lesbian, gay, bisexual, transgender, queer, and intersex individuals (LGBTQI+) owned businesses in our purchases of goods and services.
We value building strong relationships with diverse suppliers and will take proactive steps to provide purchasing opportunities to these businesses to maximize their representation in the procurement process.
Avangrid's goals for our Supplier Diversity program include:
Actively seeking out certified diverse suppliers that can provide competitive, high-quality goods and services whose business model is aligned with our business strategy.
To assist diverse businesses in becoming competitive sources of supply through strategies such as mentoring, education, and supplier sub-contracting.
Communicating the value of supplier diversity both internally and externally to all stakeholders.
Avangrid recognizes the positive impact diversity brings to our employees, clients, and communities we serve and will strive to ensure the inclusion of diverse suppliers as a part of our strategic sourcing and procurement processes.
2025 Aspirations: Increase our spend with certified Diverse Suppliers to $300M
Our 2022 goal was $150 M with diverse suppliers → We spent $195 M → Creating an economic impact
To move forward in achieving our supplier diversity aspirations, we are taking the following actions:
Building awareness within our purchasing community at Avangrid.
Growing Avangrid's external presence and visibility.
Continuing to review best practices in Supplier Diversity.
Engaging with certifying organizations to aid in building strong relationships.
Avangrid's commitments to our communities, our people, and the environment make us one of the most sustainable, socially responsible energy companies in the country. Studies show that working with diverse suppliers stimulates fresh ideas, brings us closer to our local communities, and drives increasingly innovative and creative services to 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.
