Avangrid Recognized as One of the World’s Most Ethical Companies for Sixth Year
04 Marzo 2024 - 3:30PM
Business Wire
Annual recognition highlights organizations
that have demonstrated a commitment to business integrity through
robust ethics, compliance, and governance programs
Avangrid, Inc. (NYSE: AGR), a leading sustainable energy company
and a member of the Iberdrola Group, has been recognized for the
sixth consecutive year as one of the World’s Most Ethical Companies
year by Ethisphere, a global leader in defining and advancing the
standards of ethical business practices. Avangrid is one of only
eight honorees globally in the Energy and Utilities sector in
2024.
“Ethics are not just a set of rules, they are the moral compass
that guides our decisions,” said Pedro Azagra, Avangrid CEO. “We’re
incredibly proud to be one of the World’s Most Ethical Companies
for the sixth year in a row. This recognition is a testament to the
unwavering commitment of our entire Avangrid team and the Iberdrola
Group to conduct business with the highest ethical standards. We
will remain committed to upholding these principles and
contributing positively to both our business and society.”
The 2024 World’s Most Ethical Companies list includes a total of
136 honorees spanning 20 countries and 44 industries. Avangrid’s
continued presence on the list can be attributed to the company’s
strong corporate governance and sustainability system, which is
integral to Avangrid’s corporate purpose and comprehensive ESG+F
strategy (environment, society, governance, and financial
strength).
“Congratulations to Avangrid for earning their place among the
World’s Most Ethical Companies for the sixth consecutive year,”
said Erica Salmon Byrne, Ethisphere’s chief strategy officer and
executive chair. “As Avangrid understands, being a good corporate
citizen isn’t just about compliance; it’s about integrity,
transparency, and accountability. Prioritizing ethical behavior not
only gains the trust of stakeholders, but also creates a
sustainable foundation for long-term success. We applaud Avangrid
for their dedication to these values and for demonstrating that
strong ethics is good business.”
Ethics & Performance
The listed 2024 World’s Most Ethical Companies® Honorees
outperformed a comparable index of global companies by 12.3
percentage points from January 2019 to January 2024.
Methodology & Scoring
The World's Most Ethical Companies assessment is grounded in
Ethisphere's proprietary Ethics Quotient®, an extensive
questionnaire that requires companies to provide over 240 different
proof points on their culture of ethics; environmental, social, and
governance (ESG) practices; ethics and compliance program;
diversity, equity, & inclusion; and initiatives that support a
strong value chain. That data undergoes further qualitative
analysis by Ethisphere's panel of experts who spend thousands of
hours vetting and evaluating each year's group of applicants. This
process serves as an operating framework to capture and codify
truly best-in-class ethics and compliance practices from
organizations across industries and from around the world.
Honorees
To view the full list of this year’s honorees, please visit the
World’s Most Ethical Companies website, at
https://worldsmostethicalcompanies.com/honorees.
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 Ethisphere: Ethisphere is the global leader in
defining and advancing the standards of ethical business practices
that strengthen corporate brands, build trust in the marketplace,
deliver business success. Ethisphere has deep expertise in
measuring and defining core ethics standards using data-driven
insights that help companies build strong cultures of ethics and
integrity. Ethisphere honors superior achievement through its
World’s Most Ethical Companies® recognition program, provides a
community of industry experts with the Business Ethics Leadership
Alliance (BELA), and showcases trends and best practices in ethics
with Ethisphere Magazine. Ethisphere also advances business
performance through data-driven assessments, guidance, and
benchmarking against its unparalleled data: the Culture Quotient
dataset reflecting the ethical business practices of 3+ million
employees around the world; and the Ethics Quotient dataset,
featuring 240+ data points on the ethics, compliance, social, and
governance practices of the World’s Most Ethical Companies. For
more information, visit https://ethisphere.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240304654606/en/
Media Contacts: Sarah Warren, Avangrid
sarah.warren@avangrid.com 585-794-9253
Anne Walker, Ethisphere Anne.Walker@Ethisphere.com
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