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Avangrid Employees Volunteered Over 37,000 Hours in 2024, Exceeding Goal by nearly 50%

1. Avangrid employees volunteered over 37,000 hours, surpassing their 2024 goal. 2. Volunteer hours increased 60% from last year, evidencing strong community engagement. 3. Foundation donated over $341,567 to local nonprofits through volunteer initiatives. 4. Achievements in addressing food insecurity and affordable housing underscore community impact. 5. Avangrid recognized as a top ethical company and leader in sustainability.

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Why Bullish?

Increased community involvement enhances Avangrid's public image, potentially boosting investor confidence.

How important is it?

The article highlights Avangrid's successful corporate philanthropy, crucial for stakeholder relationships and brand perception.

Why Long Term?

Sustained volunteerism and ethical recognition could strengthen AGR's brand and market position long-term.

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AGRIBRD
ORANGE, Conn.--(BUSINESS WIRE)--The Avangrid Foundation, the philanthropic arm of leading sustainable energy company Avangrid Inc., a member of the Iberdrola Group, announced today that employees volunteered over 37,000 hours last year, shattering the Company’s stated goal of 25,000 volunteer hours in 2024. Avangrid employees have increased their volunteer hours tenfold since 2021 when it began tracking these figures and surpassed its longstanding goal of 35,000 volunteer hours by 2025 one year early. “This is a remarkable achievement, and I couldn’t be happier for the 8,000 people dedicated to serving their communities while helping power millions of homes and businesses in the Northeast and across the country,” said Pedro Azagra, Avangrid CEO. “They have raised the bar, growing our volunteer hours by nearly 60 percent compared to last year. I am confident that this work will continue as our employees amplify the positive impact Avangrid has in the communities where we work.” Avangrid’s employees volunteered in 26 states across the Company’s service and operating areas, supporting 737 organizations with these efforts. The Avangrid Foundation also helps to amplify employees’ work in their communities through the Energized for Good program. Through this initiative, the Avangrid Foundation donates $15 per employee volunteer hour to qualifying organizations, up to 100 hours per employee. Last year the Energized for Good program generated more than $341,567 in donations to local nonprofits. “It’s incredibly gratifying to see the impact our employees have made in our communities through their volunteerism this past year,” said Pablo Colón, director of corporate citizenship and executive director of the Avangrid Foundation. “Through the work of our dedicated volunteers, the Avangrid Foundation is supporting organizations that address food insecurity, housing, education, wildlife, and other critical community needs.” Last year’s volunteer efforts included the following: Avangrid employees continued their support of the American Red Cross, hosting 11 blood drives across Connecticut, Maine, and New York, collecting over 200 pints of critically needed blood. Recognizing that access to affordable housing remains a critical issue across Avangrid’s service area, 177 volunteers participated in 19 build days with Habitat for Humanity to build homes for deserving families in Connecticut, Maine, Massachusetts, New York, Oregon, and Texas. Volunteers organized 57 events last year that focused on food insecurity. More than 577 volunteers worked in food pantries, food banks, urban farms, or other local organizations to address food scarcity in our communities. With a critical need for school supplies in under resourced classrooms, employees collected over 2,300 school supplies to support the Kids in Need Foundation. Over 400 volunteers participated in 47 events with a focus on education, including career fairs, science centers, museums, and supply drives. More information about the Avangrid Foundation can be found here. About Avangrid: Avangrid, Inc. aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $47 billion in assets and operations in 24 U.S. states, Avangrid has two primary lines of business: networks and renewables. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Through its renewables business, Avangrid owns and operates a portfolio of renewable energy generation facilities across the United States. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America’s best corporate citizens – in 2024 for the fourth consecutive year. In 2024, Avangrid ranked first among utilities and 12 overall. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2024 for the sixth consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit www.avangrid.com. About Avangrid Foundation: The Avangrid Foundation is an independent, nonprofit organization that funds philanthropic investments that primarily impact communities where Avangrid, Inc. and its subsidiaries operate. Since 2001, the Avangrid Foundation and its predecessors have invested more than $42.4 million in partnerships that focus on building sustainable, vital and healthy communities; preserving cultural and artistic heritage; advancing education; and improving people’s lives. The Avangrid Foundation is committed to advancing the United Nations Sustainable Development Goals in the United States. For more information, please visit https://www.avangrid.com/avangrid-foundation.

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