Avangrid Inc

Common Name
Avangrid
Country
United States
Sector
Utilities
Industry
Utilities - Regulated Electric
Employees
8,000
Ticker
AGR
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Avangrid, Inc., an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates...

Avangrid's GHG Emissions Data Preview

In 2023, Avangrid completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Avangrid has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 2
Unspecified Calculation Method
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000
Total Scope 3
0000000
Copy restricted. Please purchase to unlock this data.
Copy restricted. Please purchase to unlock this data.
0000000

This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Avangrid's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Avangrid amounted to 1,822,245 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Avangrid increased by 13.83%, suggesting that the company faced challenges in reducing its emissions from its core operations.

Avangrid's Scope 1 Emissions Over Time

2018201920202021202220230500 k1 M1.5 M2 MtCO2e+42%-27%+12%-14%+19%
  • Total Scope 1
  • Year-over-Year Change

What are Avangrid's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Avangrid were 1,636,499 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Avangrid reduced its Scope 1 emissions over time?

Since 2018, Avangrid's Scope 1 emissions have increased by 20.05%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Avangrid's Scope 1 emissions increased by 18.98%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Avangrid's Scope 2 emissions?

In 2023, Avangrid reported Scope 2 greenhouse gas (GHG) emissions of 185,746 tCOâ‚‚e without specifying the calculation method.

Has Avangrid reduced its Scope 2 emissions over time?

Since 2018, Avangrid's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 51.32%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Avangrid's Scope 2 emissions (Unspecified Calculation Method) fell by 17.61% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Avangrid use for Scope 2 reporting?

In 2023, Avangrid reported its Scope 2 emissions using an unspecified methodology.

Avangrid's Scope 2 Emissions Over Time

2018201920202021202220230100 k200 k300 k400 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Avangrid's Value Chain Emissions

In 2023, Avangrid reported 8,890,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Avangrid includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.

Avangrid's Scope 3 Emissions Over Time

20182019202020212022202305.5 M11 M16.5 M22 MtCO2e-8%-32%-6%-17%-16%
  • Total Scope 3
  • Year-over-Year Change

What are Avangrid's Scope 3 emissions?

In 2023, Avangrid reported total Scope 3 emissions of 8,890,579 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Avangrid reduced its Scope 3 emissions over time?

Since 2018, Avangrid's Scope 3 emissions have decreased by 58.82%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Avangrid's Scope 3 emissions decreased by 15.7%, highlighting the company's efforts to lower indirect emissions from its value chain.

What categories of Scope 3 emissions does Avangrid disclose?

In 2023, Avangrid reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Avangrid's Scope 3 emissions?

In 2023, the largest contributors to Avangrid's Scope 3 emissions were:

  • Purchased Goods and Services (Cat. 1): 7,114,159 tCOâ‚‚e (80.02%)
  • Upstream Transportation and Distribution (Cat. 4): 932,179 tCOâ‚‚e (10.49%)
  • Fuel- and Energy-Related Services (Cat. 3): 831,122 tCOâ‚‚e (9.35%)

Avangrid's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(9.3%)UpstreamTransportation andDistribution(Cat. 4)(10.5%)Purchased Goods andServices (Cat. 1)(80.0%)

Insights into Avangrid's Total Carbon Footprint

In 2023, Avangrid reported a total carbon footprint of 10,712,824 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.81% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Avangrid's total carbon footprint was Scope 3 emissions, accounting for 82.99% of the company's total carbon footprint, followed by Scope 1 emissions at 15.28%.

Want Full Access to Avangrid's GHG Emissions Dataset?
Sign Up