AVANGRID Named One of the World’s Most Ethical Companies® in 2019 by the Ethisphere Institute
Award Honors Companies that Recognize their Critical Role in
Influencing and Driving Positive Change in the Global Business Community
AVANGRID, Inc. (NYSE: AGR), a leading diversified energy company, has
been recognized as one of the World’s
Most Ethical Companies for 2019 by the Ethisphere Institute, a
global thought leader in defining and advancing standards for ethical
business practices.
“This recognition by the Ethisphere Institute validates our commitment
to the highest standards of safety, ethics and corporate governance in
everything we do. This steadfast principle guides our focus on
customers, colleagues, regulators and shareholders, as well as our
impact on the environment and our communities,” said AVANGRID CEO Jim
Torgerson.
“Today, employees, investors and stakeholders are putting their greatest
trust in companies to take leadership on societal issues. Companies that
take the long view with a purpose-based strategy are proven to not only
outperform, but last,” said Ethisphere’s Chief Executive Officer,
Timothy Erblich. “I congratulate everyone at AVANGRID for earning this
recognition.”
AVANGRID is a leader in the transformation to a competitive clean energy
future, with firm commitments to safeguarding the environment, reducing
our generation carbon footprint, growing as a sustainable company, and
providing safe, affordable and reliable energy to our customers.
This is the first time AVANGRID has been recognized for this prestigious
honor, and the company is one of only six honorees in the “Energy and
Utilities” category. The Ethisphere Institute began compiling this
ranking in 2007, with the purpose of acknowledging the role of companies
dedicated to promoting ethical culture in the global corporate community.
For 2019, 128 honorees were recognized by Ethisphere, spanning 21
countries and 50 industries. This thirteenth class of honorees
profoundly illustrates how companies continue to be the driving force
for improving communities, building capable and empowered workforces,
and fostering corporate cultures focused on ethics and a strong sense of
purpose.
Methodology & Scoring
The World's Most Ethical Companies assessment is based upon the
Ethisphere Institute’s Ethics
Quotient® (EQ) framework, which offers a quantitative way
to assess a company’s performance in an objective, consistent and
standardized manner. The information collected provides a comprehensive
sampling of definitive criteria of core competencies rather than all
aspects of corporate governance, risk, sustainability, compliance and
ethics.
Scores are generated in five key categories: ethics and compliance
program (35 percent), culture of ethics (20 percent), corporate
citizenship and responsibility (20 percent), governance (15 percent) and
leadership and reputation (10 percent). All companies that participate
in the assessment process receive their scores, providing them with
valuable insights into how they stack up against leading organizations.
Honorees
The full list of the 2019 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from the 2019 honorees will be released in a
report and webcast in March and April of this year. Sign
up to receive the report.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading,
sustainable energy company with $32 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 eight electric
and natural gas utilities, serving 3.2 million customers in New York and
New England. Avangrid Renewables owns and operates 7.1 gigawatts of
electricity capacity, primarily through wind power, with a presence in
22 states across the United States. AVANGRID employs approximately 6,500
people. AVANGRID supports the U.N.’s Sustainable Development Goals and
was awarded Compliance Leader Verification by Ethisphere, a prestigious
third party verification of its ethics and compliance program. For more
information, visit www.avangrid.com.
About the Ethisphere Institute:
The Ethisphere® Institute 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.
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