NEW YORK, June 1, 2021 (Newswire.com) - Ethisphere, a global leader in defining and advancing the standards of ethical business practices, announced today that AVANGRID, Inc., has earned the coveted Compliance Leader Verification for 2021-2022, extending a previous 2019-2020 verification.
As one of the cleanest U.S. utilities and a leader in renewable energy, AVANGRID is at the forefront of the nation's clean energy transformation. Guided by a sustainable business model and strategy that is centered around ESG+F goals, AVANGRID aspires to be the leading sustainable energy company in the U.S.
"Ethisphere's Compliance Leader Verification validates our purpose-driven culture of accountability, grounded in the highest ethical standards, and mutual respect and trust," said Dennis V. Arriola, CEO of AVANGRID. "Transparency and commitment to continuous improvement are the cornerstones of AVANGRID's corporate governance system. This recognition is a testament to our dedicated employees who conduct themselves ethically and transparently, making a difference every day for our customers and the communities we serve."
The Compliance Leader Verification process involves a rigorous review of an ethics and compliance program and corporate culture. It includes completing the Ethics Quotient® (EQ), a questionnaire covering the elements of an effective program; benchmarking program practices against the World's Most Ethical Companies®; and extensive document review and interviews with executives and stakeholders. Additionally, AVANGRID chose to conduct an Ethical Culture survey to assess employee perceptions across eight pillars of an ethical culture.
"The review team continues to be impressed with the commitment by AVANGRID leadership to making business integrity a strategic priority," said Jodie Fredericksen, JD, Senior Compliance Counsel of Ethisphere. "The company recognizes the value of ethics and compliance to all of its stakeholders and works with partners in human resources, communications, and other areas to extend the impact of its program."
AVANGRID's performance was evaluated in six key areas: program resources and structure; perceptions of ethical culture; written standards; training and communication; risk assessment, monitoring, and auditing; and enforcement, discipline, and incentives.
More information about Compliance Leader Verification is available at https://ethisphere.com/what-we-do/leader-verification/.
Ethisphere® 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. Ethisphere honors superior achievement through its World's Most Ethical Companies® recognition program, provides a community of industry leaders with the 325-plus member companies of the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, benchmarking, and guidance. More information about Ethisphere can be found at https://www.ethisphere.com. Follow us on Twitter @Ethisphere.
AVANGRID, Inc., aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, Connecticut, with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 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 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies -- a list of America's best corporate citizens -- and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.'s Sustainable Development Goals and was named among the World's Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.