Avnet honored for its global leadership and commitment to integrity
PHOENIX--(BUSINESS WIRE)--
Avnet,
Inc. (NYSE:AVT),
a leading global technology distributor, announced today that it was
recognized as a 2016
World's Most Ethical Company® by the Ethisphere
Institute, a global leader in defining and advancing the standards of
ethical business practices. The World's Most Ethical Companies
designation honors those companies that align principle with action,
work tirelessly to make trust part of their corporate DNA, and in doing
so, shape future industry standards by introducing tomorrow's best
practices today. This marks the third consecutive year Ethisphere
selected Avnet for the list, underscoring the company's commitment to
ethical business standards and practices around the world.
"Our global team has created a culture focused on integrity, customer
service, accountability, teamwork and innovation," said Rick
Hamada, chief executive officer of Avnet, Inc. "We live these values
every day, helping to make Avnet a global leader in socially responsible
practices. Ethisphere's recognition reinforces the tremendous work by
our team to meet the great responsibilities that come with Avnet's
meaningful role in the broad base of technology markets we serve."
Ethisphere continues to recognize Avnet because of its commitment and
investment in initiatives that enhance its ethics, compliance,
sustainability, governance, and community outreach programs, as well as
its industry leadership and innovation capabilities. Avnet supports
ethical conduct with transparency in its policies, procedures and
transactions, as well as with ongoing training and a thorough audit
process. Additional information about Avnet's approach is included in
its Corporate
Social Responsibility Report.
"Avnet sees trust as the essential element that underlies everything we
do in our company," said Harvey Woodford, chief ethics and compliance
officer, Avnet, Inc. "We are committed to operating with the utmost
integrity and choosing business partners that share this dedication.
Being named one of the World's Most Ethical Companies is a great honor
for our employees who strive to comply with the law and operate the
right way to reduce our customers' and suppliers' costs and risks."
"Companies rely on Ethisphere to continually raise and measure the
standards of corporate behavior. Those that demonstrate leadership in
areas like citizenship, integrity and transparency create more value for
their investors, communities, customers and employees, thus solidifying
a sustainable business advantage," explained Ethisphere's Chief
Executive Officer, Timothy Erblich. "Congratulations to everyone at
Avnet, Inc. for being recognized as a World's Most Ethical Company."
The World's Most Ethical Company assessment is based upon the Ethisphere
Institute's Ethics
Quotient™ (EQ) framework developed over years of research, and
vetted and refined by the expert advice from Ethisphere's World's Most
Ethical CompanyMethodology
Advisory Panel. The EQ 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. Scores are generated in five
key categories: ethics and compliance program, corporate citizenship and
responsibility, culture of ethics, governance and leadership, innovation
and reputation.
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to Tweet: .@Avnet recognized for the third consecutive year as one
of the #WorldsMostEthicalCompanies by @Ethisphere http://avnet.me/87942
The full list of the 2016 World's Most Ethical Companies can be found at http://worldsmostethicalcompanies.ethisphere.com/honorees/.
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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, Inc.
From components to cloud and design to disposal, Avnet, Inc. (NYSE:AVT)
accelerates the success of customers who build, sell and use technology
globally by providing them with a comprehensive portfolio of innovative
products, services and solutions. Avnet is a Fortune 500 company with
revenues of $27.9 billion for the fiscal year 2015. For more
information, visit www.avnet.com.
(AVT_IR)
View source version on businesswire.com: http://www.businesswire.com/news/home/20160307005966/en/
Avnet, Inc. Media Contacts:
Brodeur Partners for Avnet, Inc.
Marcia
Chapman
+1.480.308.0284
mchapman@brodeur.com
or
Avnet,
Inc.
Joal Redmond
Vice President, Public Relations
+1.480.643.5528
Joal.Redmond@avnet.com
or
Ethisphere
Media Contact:
Clea Nabozny
+1.480.397.2658
Clea.Nabozny@ethisphere.com
Source: Avnet, Inc.
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