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.
+33 vs industry average
Avangrid’s score of 48 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Avangrid's reported carbon emissions
In 2023, Avangrid, headquartered in the US, reported total carbon emissions of approximately 10.5 billion kg CO2e. This figure includes Scope 1 emissions of about 1.6 billion kg CO2e, Scope 2 emissions of approximately 186 million kg CO2e, and Scope 3 emissions amounting to around 8.9 billion kg CO2e. The Scope 3 emissions primarily stem from the use of sold products, which accounted for about 7.1 billion kg CO2e. Avangrid's emissions data is cascaded from its parent company, Iberdrola, S.A., reflecting a commitment to transparency and accountability in climate reporting. However, there are currently no specific reduction targets or initiatives disclosed by Avangrid, indicating a potential area for future development in their climate strategy. The company has made strides in emissions reporting, with comprehensive disclosures across all three scopes, but it lacks formalised reduction targets. This absence highlights the need for Avangrid to establish clear climate commitments to align with industry standards and expectations for sustainability.
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Avangrid’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Avangrid yet.
Scope 3 top emissions categories
5 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Inherited from Iberdrola, S.A.
Carbon Disclosure Project
The Climate Pledge
Inherited from Iberdrola, S.A.
UN Global Compact Climate Champions initiative
Inherited from Iberdrola, S.A.
RE 100
Climate Action 100
Inherited from Iberdrola, S.A.Emissions comparison with industry peers
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Avangrid
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