Avangrid Sustainability Profile
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 69 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, headquartered in the US, reported total carbon emissions of approximately 10,465,790,000 kg CO2e. This figure includes Scope 1 emissions of about 1,636,499,000 kg CO2e, Scope 2 emissions of approximately 185,746,000 kg CO2e, and significant Scope 3 emissions totalling around 8,890,579,000 kg CO2e. The Scope 3 emissions primarily arise from the use of sold products, which accounted for about 7,114,159,000 kg CO2e. In 2022, Avangrid's emissions were slightly higher, with total emissions reaching about 10,546,585,000 kg CO2e, comprising 1,375,464,000 kg CO2e in Scope 1, 225,440,000 kg CO2e in Scope 2, and 10,546,585,000 kg CO2e in Scope 3. The trend indicates a focus on managing and potentially reducing emissions across all scopes. Despite the substantial emissions figures, Avangrid has not disclosed specific reduction targets or initiatives in their recent reports. The company is a current subsidiary of Avangrid, Inc., which inherits data and climate commitments from its parent company, Iberdrola, S.A. This relationship may influence Avangrid's climate strategies and reporting practices. Overall, while Avangrid's emissions data reflects a significant carbon footprint, the absence of defined reduction targets suggests a need for enhanced climate commitments to align with industry standards and expectations.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,363,231,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 381,533,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 21,590,220,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Avangrid's Industry?
How Carbon Intensive is Avangrid's Location?
Avangrid's Scope 3 Categories Breakdown
Avangrid's Scope 3 emissions, which decreased by 16% last year and decreased by approximately 59% since 2018, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 80% of Scope 3 emissions.
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Avangrid's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Avangrid has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
