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Business Wire 22-Apr-2019 2:00 PM
3rd Annual Report Documents Sustainability Highlights Across Economic, Environmental, Social and Governance Perspectives
In observance of Earth Day, AVANGRID, Inc. (NYSE:AGR), a leading diversified energy company, today released its 2018 Sustainability Report, demonstrating its purpose of working together to deliver a more accessible clean energy model that promotes healthier, more sustainable communities every day.
AVANGRID, recently named among the World's Most Ethical companies by the Ethisphere Institute, is one of the cleanest U.S. energy companies, operating one of the nation's largest renewable fleets, with 89% of the installed generation capacity emissions-free.
The 2018 Sustainability Report, titled "A New Generation of Energy," benchmarks AVANGRID's sustainability performance across economic, environmental, social and governance perspectives.
"Our industry is in the midst of a transformational shift in how energy is generated, delivered and consumed," AVANGRID CEO James P. Torgerson said.
"Demand for clean energy solutions and the continued adoption of innovations like electric vehicles, smart grids and battery storage represent more than business opportunities; they are the drivers of a potentially disruptive shift that requires us to act — right now — to remain at the vanguard of our industry. The 2018 Sustainability Report showcases our efforts to meet these challenges and further establish AVANGRID as a leader for sustainable energy in the United States."
Among the 2018 achievements highlighted in the report:
To learn more about AVANGRID achievements, long-term sustainability vision, goals and to view the entire report, please visit www.avangrid.com.
* The environmental and green attributes attributable to the electric generation from Avangrid Renewables' facilities have been or likely will be sold or transferred to third parties, who are solely entitled to the reporting and other rights to all renewable energy credits, emissions reductions, offsets, allowances and the avoided emissions of greenhouse gas pollutants, collectively environmental attributes. Avangrid Renewables is not claiming ownership of any environmental attributes from its renewable generation fleet for any purpose, including compliance with any federal or state law or reporting to any federal or state agency, or any other present or future federal, state, local, international, foreign, or voluntary renewable energy, emission reduction or emissions trading program.
About AVANGRID: AVANGRID, Inc. (NYSE:AGR) is a leading, sustainable energy company with approximately $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 7.2 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 named among the World's Most Ethical Companies in 2019 by the Ethisphere Institute. For more information, visit www.avangrid.com.
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