Press Releases
02/25/2025
Avangrid Recognized by Ethisphere with Compliance Leader Verification for Fourth Consecutive Term
Avangrid Recognized by Ethisphere with Compliance Leader Verification for Fourth Consecutive Term
Ethisphere’s Compliance Leader Verification recognizes organizations with an outstanding commitment to achieving a best-in-class ethics and compliance program
ORANGE, Conn. — Feb. 25, 2025 — Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that Ethisphere has awarded it with the coveted Compliance Leader Verification for 2025-2026, making this the Company’s fourth consecutive two-year term. Ethisphere is a global leader in defining and advancing the standards of ethical business practices. Avangrid has held the Compliance Leader Verification since 2019.
Avangrid is maximizing American energy production, delivering reliable power to millions of customers, and enhancing national security by investing in a modern electrical grid, all while growing the economy. The Company is guided by its comprehensive Sustainability strategy, and was also recognized in 2024 by Ethisphere as One of the World’s Most Ethical Companies.
“We are focused on creating a modern and reliable electrical grid that serves millions of customers across the country, while living by our unwavering commitment to socially responsible, transparent, and ethical business practices,” said Pedro Azagra, Avangrid CEO. “Avangrid maintains a world-class compliance program and we are proud to have earned this verification for the fourth consecutive time.”
“Avangrid has demonstrated through its strong ethics and compliance program structure, attention to evaluating business risk and operational detail, and through commitment to measuring and acting upon feedback from its ethical culture, that it is a leader in the ethics practice space,” said Neal Thurston, Director, Data & Services, Ethisphere. “Our review team is proud to recognize Avangrid’s continued hard work in maintaining and maturing this very important part of their business.”
The Compliance Leader Verification process involves a rigorous review of an ethics and compliance program and corporate culture. It includes completing the Ethics Quotient® (EQ), a questionnaire covering the elements of an effective program; benchmarking program practices against the World’s Most Ethical Companies®; and extensive document review and interviews with executives and stakeholders. Avangrid also chose to conduct an Ethical Culture survey to assess employee perceptions across eight pillars of an ethical culture.
Avangrid’s performance was evaluated on six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring and auditing; and enforcement, discipline, and incentives.
More information about Compliance Leader Verification is available at https://ethisphere.com/what-we-do/leader-verification/.
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 offices in Connecticut, New York, Massachusetts, Maine and Oregon, including operations in 24 states with approximately $47 billion in assets, and 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 and in 2024. Through its renewables business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing over 9GW of power for over 2.2 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens in 2025 for the fifth consecutive year. The company 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.
