Ethisphere Institute honors Avnet for the fourth consecutive year for leading with integrity and aligning its principles with action
Avnet (NYSE: AVT)
has been recognized as a 2017
World’s Most Ethical Company®
for the fourth consecutive
year by the Ethisphere Institute, a global leader in defining and
advancing the standards of ethical business practices.
“Avnet has a reputation of helping our customers win, whether they’re
makers, startups or large technology manufacturers,” said William
Amelio, Avnet’s chief executive officer. “Trust is at the foundation
of everything we do in supporting customers worldwide at every phase of
the product lifecycle. Our team earns the trust of our customers and
suppliers each day. Enabling the success of our customers will never
come at the expense of the highest standards of ethics and integrity or
of the relationships with our global site communities. Ethisphere’s
recognition is a testament to Avnet’s commitment, global competitiveness
and focus on social responsibility, and I know our employees take great
pride in this repeated recognition.”
Avnet has aligned its programs in ethics and compliance, corporate
citizenship and responsibility, governance, and innovation with its
business strategy. For example, the company invested in creating the
Avnet Innovation Lab at Arizona State University as part of aligning its
corporate social responsibility focus and its business strategy. This
partnership with the academic community spurs economic growth and helps
aspiring technology entrepreneurs accelerate their ideas to make the
world a better place and take their inventions to the next level. The
participants in this lab are using technologies such as the Internet of
Things (IoT) to redefine how people shop and drive, while also
protecting citizens from dangerous biological agents and volatile
organic compounds.
Every year Ethisphere honors those companies who recognize their role in
society to influence and drive positive change; consider the impact of
their actions on their employees, investors, customers and other key
stakeholders; and use their values and culture as an underpinning to the
decisions they make every day.
“Over the last eleven years we have seen the shift in societal
expectations, constant redefinition of laws and regulations and the
geo-political climate. We have also seen how companies honored as the
World’s Most Ethical respond to these challenges. They invest in their
local communities around the world, embrace strategies of diversity and
inclusion, and focus on long term-ism as a sustainable business
advantage,” explained Ethisphere’s Chief Executive Officer, Timothy
Erblich. "Congratulations to everyone at Avnet for being recognized as a
World's Most Ethical Company."
Methodology and Scoring
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute’s Ethics
Quotient
® (EQ) framework which offers a quantitative way
to assess a company’s performance in an objective, consistent and
standardized way. The information collected provides a comprehensive
sampling of definitive criteria of core competencies, rather than all
aspects of corporate governance, risk, sustainability, compliance and
ethics.
Scores are generated in five key categories: ethics and compliance
program (35%), corporate citizenship and responsibility (20%), culture
of ethics (20%), governance (15%) and leadership, innovation and
reputation (10%) and provided to all companies who participate in the
process.
Honorees
The full list of the 2017 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
Best practices and insights from the 2017 honorees will be released in a
series of infographics and research throughout the year (view
or download the 2016 insights). Organizations interested in how they
compare to the World’s Most Ethical Companies are invited to participate
in the Ethics
Quotient.
“World’s Most Ethical Companies” and “Ethisphere” names and marks are
registered trademarks of Ethisphere LLC.
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with Avnet on LinkedIn: http://www.linkedin.com/company/avnet
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with Avnet on Facebook: http://www.facebook.com/AvnetInc
All brands and trade names are trademarks or registered trademarks,
and are the properties of their respective owners. Avnet disclaims any
proprietary interest in marks other than its own.
About the Ethisphere Institute
The Ethisphere® Institute 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 experts
with the Business Ethics Leadership Alliance (BELA) and showcases trends
and best practices in ethics with the publication of Ethisphere Magazine.
More information about Ethisphere can be found at: http://ethisphere.com.
About Avnet
From idea to design and from prototype to production, Avnet supports
customers at each stage of a product’s lifecycle. A comprehensive
portfolio of design and supply chain services makes Avnet the go-to
guide for innovators who set the pace for technological change. For
nearly a century, Avnet has helped its customers and suppliers around
the world realize the transformative possibilities of technology. Learn
more about Avnet at www.avnet.com.
Avnet
Maureen O’Leary, 480-643-7499
[email protected]
or
Brodeur Partners, for Avnet
Jamie Ernst, 480-308-0286
[email protected]
or
Ethisphere
Clea Nabozny, 480-397-2658
[email protected]