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 2024, 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) 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
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0000000
Total Scope 2
Unspecified Calculation Method
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b
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b
0000000
Total Scope 3
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0000000
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Verified Sources Behind Avangrid’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Avangrid’s data sources below and access millions more through our Disclosure Search.

a. Avangrid's SASB index 2024
a. Avangrid's SASB index 2024
b. Avangrid's Sustainability Report 2023
b. Avangrid's Sustainability Report 2023
c. Avangrid's Sustainability Report 2020
c. Avangrid's Sustainability Report 2020

Insights into Avangrid's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Avangrid amounted to 1,879,004 metric tons of CO2 equivalent. This figure reflects direct emissions from owned or controlled sources (Scope 1). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Avangrid increased by 3.11%, suggesting that the company faced challenges in reducing its emissions from its core operations. a b

Avangrid's Scope 1 Emissions Over Time

20182019202020212022202320240500 k1 M1.5 M2 MtCO2e+42%-27%+12%-14%+19%+15%
  • Total Scope 1
  • Year-over-Year Change

What are Avangrid's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Avangrid were 1,879,004 metric tons of CO₂ equivalent (tCO₂e). a

Has Avangrid reduced its Scope 1 emissions over time?

Since 2018, Avangrid's Scope 1 emissions have increased by 37.83%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Avangrid's Scope 1 emissions increased by 14.82%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

Insights into Avangrid's Value Chain Emissions

In 2024, Avangrid reported 9,316,414 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 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 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Avangrid's Scope 3 Emissions Over Time

201820192020202120222023202405.5 M11 M16.5 M22 MtCO2e-8%-32%-6%-17%-16%+5%
  • Total Scope 3
  • Year-over-Year Change

What are Avangrid's Scope 3 emissions?

In 2024, Avangrid reported total Scope 3 emissions of 9,316,414 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 29.55% of these emissions originated from upstream activities such as purchased goods and capital goods, while 70.45% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has Avangrid reduced its Scope 3 emissions over time?

Since 2018, Avangrid's Scope 3 emissions have decreased by 56.85%, reflecting a declining long-term trend in Scope 3 emissions over time. a c

Compared to the previous year (2023), Avangrid's Scope 3 emissions remained relatively stable, indicating that Avangrid 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Avangrid disclose?

In 2024, Avangrid reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol. a

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 2024, the largest contributors to Avangrid's Scope 3 emissions were: a

  • Use of Sold Products (Cat. 11): 6,563,646 tCO₂e (70.45%)
  • Fuel- and Energy-Related Services (Cat. 3): 1,622,406 tCO₂e (17.41%)
  • Purchased Goods and Services (Cat. 1): 1,101,902 tCO₂e (11.83%)

Avangrid's Scope 3 Emissions by Categories

Fuel- andEnergy-RelatedServices (Cat. 3)(17.4%)Use of Sold Products(Cat. 11)(70.5%)Purchased Goods andServices (Cat. 1)(11.8%)
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