AVANGRID Listed Among World’s Most Ethical Companies in 2020 for Second Consecutive Year by Ethisphere
ORANGE, CT / AGILITYPR.NEWS / March 04, 2020 / Recognition honors companies that take the long view with a purpose-based strategy to create positive change throughout their global communities
AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, has been recognized by Ethisphere as one of the 2020 World’s Most Ethical Companies.
The announcement marks the second consecutive year that AVANGRID has earned the designation from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.
AVANGRID is one of only nine honorees in the Energy and Utilities sector in 2020. A total of 132 honorees were recognized spanning 21 countries and 51 industries.
“AVANGRID’s commitment to corporate ethics is core to our identity and it is reflected in every aspect of our business. Being recognized by Ethisphere as one of the World’s Most Ethical Companies demonstrates that we have internalized this commitment as an organization. I’m proud of our employees for making ethics central to their daily work,” said AVANGRID Chief Executive Officer Jim Torgerson.
“AVANGRID has worked hard to establish a reputation for corporate ethics and good governance,” said Ethisphere’s Chief Executive Officer, Timothy Erblich. “This is a purpose-driven organization with a clear vision for promoting healthier, more sustainable communities. Congratulations to everyone at AVANGRID for earning this recognition.”
Ethics & Performance
Ethisphere’s research supports the conclusion that ethics and financial performance go hand-in-hand. Its annual practice of tracking how the stock prices of publicly traded honorees compare to the Large Cap Index found that listed 2020 World’s Most Ethical Companies outperformed the large cap sector over five years by 13.5 percent. This “Ethics Premium” forms the basis upon which companies can correlate responsible behavior with shareholder value.
Methodology & Scoring
Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity and initiatives to support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.
Honorees
The full list of the 2020 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
About Us
About AVANGRID
AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $34 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities 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 and 2020 by Ethisphere. For more information, visit www.avangrid.com.
About the Ethisphere Institute
The Ethisphere® Institute is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character and measure and improve culture. Ethisphere honors superior achievement through its World’s Most Ethical Companies recognition program and provides a community of industry experts with the Business Ethics Leadership Alliance (BELA). More information about Ethisphere can be found at: https://ethisphere.com.
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