AVANGRID Recognized by Ethisphere as One of the World’s Most Ethical Companies for Fourth Consecutive Year

Recognition honors AVANGRID’s commitment to business integrity through best-in-class ethics, compliance and governance practices

ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, has been recognized by Ethisphere as one of the 2022 World’s Most Ethical Companies. This marks AVANGRID’s fourth consecutive year earning the designation from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.

AVANGRID is one of only nine honorees globally in the Energy and Utilities sector in 2022. A total of 136 honorees were recognized spanning 22 countries and 45 industries.

“We are committed to accountability and leading with a strong ethics-driven, continuous improvement culture that builds on our purpose and values,” said Kyra Patterson, Chief Human Resources Officer at AVANGRID. “We believe in principled actions, effective decision-making and appropriate monitoring of both compliance and performance. Receiving this honor from Ethisphere for the fourth consecutive year is a true testament to the dedication of the entire AVANGRID team to upholding the highest ethical standards.”

Transparency and commitment to continuous improvement are cornerstones of AVANGRID’s corporate governance system. This system is reflected in the management approach to sustainability and our comprehensive ESG+F strategy (environment, society, governance and financial strength).

“Today, business leaders face their greatest mandate yet to be ethical, accountable, and trusted to drive positive change,” said Ethisphere CEO, Timothy Erblich. “We commend the AVANGRID team for its leading approach to ethics, compliance and corporate governance, and dedication to advancing clean energy projects to benefit the communities they serve while maintaining a deep commitment to socially responsible business practices. Congratulations to AVANGRID for earning the World’s Most Ethical Companies designation.”

Ethics & Performance

Ethisphere’s 2022 Ethics Index, the collection of publicly traded companies recognized as recipients of this year’s World’s Most Ethical Companies designation, outperformed a comparable index of large cap companies by 24.6 percentage points over the past five calendar years.

Methodology & Scoring

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

The full list of the 2022 World's Most Ethical Companies can be found at here.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. 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 fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.