Avangrid Inc

Lobbying Governance

AI Extracted Evidence Snippet Source

The Board of Directors, upon the recommendation of the Governance and Sustainability Committee, reviews and approves Avangrid's environmental, social and governance goals including, without limitation, Avangrid's goals related to climate change. [...] l) publicly and transparently support the public policies and strategies that address climate change and deal in a coordinated and consistent manner with the social problems relating to climate change.

https://www.avangrid.com/documents/d/avangrid-1/03d-climate-action-policy

Avangrid discloses its trade and industry association[1] memberships and how these organizations align with our climate change policies and targets, with regards to the Paris Agreement goal for associations where the fees, relevance and impact are significant. The determination of significancy is based on an assessment of the relevant facts and circumstances but will generally include annual fees of more than $500,000. [...] Overall, once a relevant and structural policy position misalignment and its origin have been identified, the company will reinforce the engagement of Avangrid`s group representatives in the area where the misalignment has emerged.

https://www.avangrid.com/documents/d/avangrid-1/climate-analysis_-significant-trade-associations-2024_vf-7152024

Avangrid actively participates in public and private discussions related to public policy with federal and state officials, trade groups, and other stakeholders. This participation is governed by federal and state laws, as well as Avangrid`s internal policies and protocols, which are provided in its Governance and Sustainability System document. [...] In such activities, Avangrid ensures that our engagement is aligned with applicable law and the company's overall policies, purpose and values.

https://www.avangrid.com/public-advocacy

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Avangrid's policy positions are reviewed for consistency with the company's climate and environmental policies objectives. The company works at the federal level, and in multiple states and as part of coalitions in others to advocate for policies that achieve these objectives. Policy positions are regularly reviewed and policy/regulatory activities are reviewed by the Board and senior management.
Avangrid Corporate Governance's Climate Change Policy states that Avangrid committed to the fight against climate change and to contribute to goal seven (Affordable and Clean Energy) and goal thirteen (Climate Action) of the Sustainable Development Goals . AVANGRID seeks to contribute actively and decisively to a low-carbon and sustainable future, delivering clean,
low emission energy, minimizing the environmental impact of our activities and supporting and promoting actions that
address climate change. Such efforts must be compatible with social and economic growth. This Policy sets the framework
for AVANGRID's actions to fight climate change including the following summarized actions:
1) Reduce the intensity of Scope 1 greenhouse gas emissions and be Scope 1 carbon neutral by the year 2035.
b) Continue to focus on renewable energy
c) Contribute to the electrification of the economy, maintain leadership in renewable energy and continue to investment
and operation of smart grids
d) Support innovation, initiatives and legislative and regulatory actions that support balanced electrification of consumer
energy uses that contribute to the decarbonization of the economy.
e) Integrate climate science and adaptation and resilience standards, as well as technical improvements, in the design,
construction and management of energy generation, storage and distribution networks and infrastructure in order to
reduce or avoid the potential impacts of climate change on their functionality and enable the AVANGRID to adapt to
changes in energy demand caused by climate change. See the policy details at:
https://www.avangrid.com/wps/portal/avangrid/corporategovernance/GovernanceandSustainabilitySystem

CDP Questionnaire Response 2022