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 31 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Avangrid's reported carbon emissions
In 2023, Avangrid reported total carbon emissions of approximately 1,636,499,000 kg CO2e from Scope 1, 185,746,000 kg CO2e from Scope 2, and 8,890,579,000 kg CO2e from Scope 3 emissions. This reflects a significant commitment to transparency in their emissions reporting across all three scopes. In previous years, Avangrid's emissions were as follows: in 2022, they emitted about 1,375,464,000 kg CO2e (Scope 1), 225,440,000 kg CO2e (Scope 2), and 10,546,585,000 kg CO2e (Scope 3); in 2021, emissions were approximately 1,306,778,000 kg CO2e (Scope 1), 1,590,305,000 kg CO2e (Scope 2), and 12,712,377,000 kg CO2e (Scope 3); and in 2020, they reported 1,416,448,000 kg CO2e (Scope 1), 297,283,000 kg CO2e (Scope 2), and a staggering 13,521,888,000 kg CO2e (Scope 3). Despite the substantial emissions figures, Avangrid has not publicly committed to specific reduction targets or initiatives, indicating a potential area for future development in their climate strategy. The company continues to engage in industry-standard practices for emissions reporting, aligning with global climate commitments.
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| 2015 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,117,597,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,118,734,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 994,421,000 | 00,000,000,000 | 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 committed to any reduction initiatives 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.
