Avangrid, Inc. (NYSE: AGR), a leader in sustainable energy and a member of the Iberdrola Group, is setting new benchmarks in diversity, equity, and inclusion (DEI). The company has announced its significant DEI achievements for 2024, including prestigious recognitions from Forbes and Disability
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“Fostering a workplace that actively seeks and values diverse perspectives is crucial,” said Pedro Azagra, CEO of Avangrid. “While many companies are scaling back, Avangrid and Iberdrola are expanding our DEI initiatives. Our focus includes increasing workforce diversity, advancing gender parity, and creating an equitable and inclusive environment. We are enhancing mentorship opportunities, strengthening talent acquisition partnerships, and rigorously monitoring our applicant pools to ensure a diverse candidate selection.”
Avangrid’s DEI strategy revolves around three core areas: increasing diverse representation, especially in leadership roles; providing equitable growth and development opportunities; and fostering community and connection. Currently, 38.5% of Avangrid’s executive leadership team is composed of women, reflecting the company’s commitment to diverse representation.
In 2024, Avangrid has introduced several key initiatives to advance its DEI goals:
- Partnered with Connecticut State and Disabilityto launch a pilot program aimed at creating employment opportunities for visually impaired individuals.
- Achieved a record high in employee engagement with Avangrid’s seven business resource groups (BRGs), with nearly a quarter of employees participating in at least one BRG.
- Expanded training offerings to include a 2024 DEI Inclusion at Work module focused on disability inclusion and allyship.
- Increased the number of BRG events to 127 and planned 13 volunteering activities for the year.
- Continued its involvement with Paradigm for Parity, a coalition dedicated to closing the corporate leadership gender gap.
These efforts have earned Avangrid notable accolades. In April, the company was named to Forbes’ list of America’s Best Employers for Diversity 2024. Most recently, Avangrid achieved a perfect score of 100 on the 2024 Disability Equality Index, earning recognition as a Best Place to Work for Disability Inclusion by Disability
About Avangrid
Avangrid, Inc. (NYSE: AGR) aims to be the leading sustainable energy company in the U.S. Based in Orange, CT, with approximately $45 billion in assets and operations across 24 states, Avangrid operates in two primary sectors: networks and renewables. The company owns and operates eight electric and natural gas utilities serving over 3.3 million customers in New York and New England, and a portfolio of renewable energy generation facilities nationwide. With around 8,000 employees, Avangrid has been ranked among the JUST 100 companies for four consecutive years in 2024 and was named the top utility and 12th overall. The company supports the U.N.’s Sustainable Development Goals and has been recognized as one of the World’s Most Ethical Companies by the Ethisphere Institute for six consecutive years. Avangrid is part of the Iberdrola Group. For more information, visit www.avangrid.com.
