Avangrid, Inc.
Industry Group: Utilities
Country/Region: United States of America
Identifier: NYS:AGR
Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Renewables has historically focused on developing onshore wind projects but is looking to make developments in solar and offshore wind over the next five years. It operates nearly 8.6 gigawatts of renewable energy projects across the US. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola owns 81.6% of Avangrid and has proposed to acquire the remaining shares.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Utilities 136 out of 648
Universe
Global Universe 5606 out of 15104
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Alliant Energy Corp. |
17.1
Low
|
62 out of 648 |
| Avangrid, Inc. |
22.1
Medium
|
136 out of 648 |
| Fortum Oyj |
23.5
Medium
|
167 out of 648 |
| Power Assets Holdings Ltd. |
28.4
Medium
|
285 out of 648 |
| CK Infrastructure Holdings Ltd. |
30.4
High
|
327 out of 648 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
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Top Material ESG Issues for Avangrid, Inc.
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What are Material ESG Issues?
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Controversy Rating
Highest Controversy level that has impacted Avangrid, Inc.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
