Ethisphere Institute honors Avnet for its global leadership and commitment to integrity
PHOENIX - Media OutReach -- 27 February 2019 - Business
growth thrives in environments where leadership clearly and consistently
focuses on guiding with purpose and integrity. For its continued commitment to
these core values, Avnet (Nasdaq:
leading global technology solutions provider, has been recognized as one of the
2019 World's Most Ethical Companies by the Ethisphere® Institute, a global
leader in defining and advancing the standards of ethical business practices.
"We are honored to be named one
of the world's most ethical companies by Ethisphere Institute for the sixth
consecutive year," said Bill Amelio, Avnet CEO. "At Avnet, we are committed to
building a purpose-driven business model and culture that achieves our goals
while supporting the most pressing social, ethical and environmental causes. I
want to thank all of our employees, suppliers and customers who believe by
doing good, we really can make a difference in the world today."
The award underscores Avnet's
commitment to prioritizing ethical business practices. Recognized every year
since 2014, Avnet's longstanding integrity and moral ethics underscore its
business model, philosophy and culture. This in turn inspires employees to
reach further and support customers and suppliers with products and services as
well as processes that promote fairness and the social good.
"Avnet is among a select group of
companies where purpose is infused into every aspect of their business," said
Ethisphere's Chief Executive Officer Timothy Erblich. "Avnet has once again
proven its leadership on societal issues and its ability to outperform in its
industry. I congratulate everyone at Avnet for being among the World's Most
Ethics & Performance
Ethisphere's annual practice of
tracking how the stock prices of publicly traded honorees compare to the Large
Cap Index found that listed 2019 World's Most Ethical Companies outperformed
the large cap sector over five years by 14.4 percent and over three years by 10.5
Methodology & Scoring
The World's Most Ethical
Companies 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 manner. 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 percent), culture of ethics (20
percent), corporate citizenship and responsibility (20 percent), governance (15
percent) and leadership and reputation (10 percent). All companies that
participate in the assessment process receive their scores, providing them with
valuable insights into how they stack up against leading organizations.
The full list of the 2019 World's
Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.
Best practices and insights from
the 2019 honorees will be released in a report and webcast in March and April
of this year. Sign up to receive the report.
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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 and
measure and improve culture. Ethisphere honors superior achievement through its
World's Most Ethical Companies recognition program and provides a community of
industry experts with the Business Ethics Leadership Alliance (BELA). More
information about Ethisphere can be found at: https://ethisphere.com.
Avnet is a global technology solutions provider with an extensive
ecosystem delivering design, product, marketing and supply chain expertise for
customers at every stage of the product lifecycle. We transform ideas into
intelligent solutions, reducing the time, cost and complexities of bringing
products to market. 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.
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.