Avangrid
Avangrid, Inc., a prominent player in the energy sector, is headquartered in the United States and operates primarily in the northeastern and western regions. Founded in 2015, Avangrid is a subsidiary of the Spanish utility company Iberdrola and has quickly established itself as a leader in renewable energy and utility services. The company focuses on electricity generation, transmission, and distribution, with a strong emphasis on sustainable practices. Avangrid's unique portfolio includes wind and solar energy projects, positioning it as a key contributor to the transition towards a cleaner energy future. With a commitment to innovation and environmental stewardship, Avangrid has achieved significant milestones, including the development of one of the largest offshore wind farms in the US. This dedication to renewable energy solutions has solidified Avangrid's market position as a forward-thinking utility provider.
DitchCarbon Score
How does Avangrid's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Avangrid's score of 72 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Avangrid's reported carbon emissions
In 2023, Avangrid reported total carbon emissions of approximately 16,364,990 kg CO2e from Scope 1, 185,746,000 kg CO2e from Scope 2, and a significant 8,890,579,000 kg CO2e from Scope 3 emissions. This reflects a notable increase in Scope 3 emissions compared to 2022, where total emissions were approximately 10,546,585,000 kg CO2e, with Scope 1 at 1,375,464,000 kg CO2e and Scope 2 at 225,440,000 kg CO2e. Avangrid's emissions data is cascaded from its parent company, Iberdrola, S.A., indicating a corporate family relationship that influences its climate commitments. Despite the lack of specific reduction targets or initiatives disclosed, the company is part of broader industry efforts to address climate change, aligning with initiatives from Iberdrola, S.A. The company has not specified any formal Science-Based Targets Initiative (SBTi) reduction targets or other climate pledges, which may suggest a focus on compliance with industry standards rather than aggressive emissions reduction goals. Avangrid's commitment to sustainability is reflected in its operational practices, although specific reduction initiatives have not been detailed in the available data. Overall, Avangrid's emissions profile highlights the challenges faced by energy companies in managing their carbon footprint, particularly in Scope 3 emissions, which often represent the largest share of total emissions.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,416,448,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 297,283,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 13,521,888,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Avangrid is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
