First-of-its-kind list of America’s best companies based on sustainability transparency, revenue growth and employee satisfaction
Orange, Connecticut, July 11, 2024–(BUSINESS WIRE)–Avangrid (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, has been named for the first time to TIME magazine’s list of America’s Best Mid-Sized Companies for 2024. The prestigious award recognizes companies that excel in sustainability transparency, revenue growth and employee satisfaction.
“We are honored to be recognized by TIME as one of the Best Mid-Sized Companies in the U.S.,” said Avangrid CEO Pedro Azagra. “This honor is a testament to Avangrid’s strong commitment to sustainability, continued growth, and dedication to employee satisfaction and happiness. Our selection underscores the work we do to foster a sustainable future not only within our company, but across our industry and beyond. Together with Iberdrola, we will continue to set high goals and remain at the forefront of the sustainable energy sector.”
The 2024 Best Mid-Sized Companies in America, published by TIME and Statista Inc, were selected using more than 15 different criteria based on three dimensions: employee satisfaction, revenue growth, and sustainability transparency. The scope of the project included all companies operating in the United States that will generate revenue of at least $100 million in 2022 or 2023, but not more than $10 billion.
Avangrid is one of the cleanest electric utilities in the United States, with emissions intensity more than six times lower than the U.S. power sector average since 2015. The company operates 8.8 gigawatts (GW) of zero-emissions capacity across 24 states and serves more than 3.3 million customers through its utilities in the Northeast. Avangrid is also pioneering offshore wind energy in the United States with its Vineyard Wind 1 project, which recently announced it will deliver more than 136 megawatts (MW) to the Massachusetts power grid, making it the largest operational offshore wind project in the United States.
Statista is a leading statistics portal and industry rankings provider. In cooperation with renowned media partners, we publish hundreds of industry rankings and company lists from around the world. The research and analysis service is based on the success of statista.com, a leading data and business intelligence portal providing statistics, relevant business data, various market and consumer surveys and questionnaires.
About Avangrid: Avangrid, Inc. (NYSE: AGR) strives to be America’s leading sustainable energy company. Headquartered in Orange, Connecticut, with approximately $45 billion in assets and operations across 24 U.S. states, Avangrid has two primary business lines: Network and Renewable Energy. Through its Network 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 Renewable Energy business, Avangrid owns and operates a portfolio of renewable energy generating facilities across the United States. Avangrid employs approximately 8,000 people and has been named by JUST Capital as one of the JUST 100 companies, a ranking of America’s best corporate citizens for 2024, for the fourth consecutive year. In 2024, Avangrid was ranked #1 in the Utilities sector and #12 overall. The company supports the United Nations Sustainable Development Goals and was named one of the World’s Most Ethical Companies for 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is part of a group of companies controlled by Iberdrola SA. For more information, visit www.avangrid.com.
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