Avnet Publishes Latest Corporate Sustainability Report
According to the Avnet’s latest corporate sustainability report published on its centennial celebration, highlighted its principle of helping its customers, suppliers and employees to reach further together to make a difference in the world and that serves as a cornerstone of the company’s way of doing business and outlines the company’s environmental, social and governance (ESG) strategy.
To celebrate the centennial, Avnet is also launching a new employee giving campaign, 100 Acts of Giving, to recognize and reward its employees’ charitable efforts.
“Avnet is entering into its second century in business deeply rooted in the same principle that helped us succeed in the first – we stay situated at the center of the technology value chain – constantly adjusting our position as this center morphs and grows with time,” said Phil Gallagher, Avnet CEO. “One of the critical elements of our continued success is building strong relationships with our many stakeholders so that we’re not only meeting their needs, but we are doing the right things right. The principles of resiliency and sustainability have been the bedrock of Avnet’s business for 100 years, and we are proud to do work that makes a difference in the world.”
HIGHLIGHTS FROM SUSTAINABILITY REPORT
As part of Avnet’s ongoing ESG initiatives, the company published its latest sustainability report highlighting efforts completed in fiscal years 2019 and 2020. The report outlines the company’s strategy and key areas of focus, based on a materiality study Avnet administered in early 2020.
A few things to highlight:
The five topics that ranked highest in Avnet’s materiality assessment include ethics and compliance, occupational health and safety, climate, diversity and inclusion, and economic performance.
Avnet’s Diversity and Inclusion strategy will encompass five main areas: listening and learning, policies and practices, education and awareness, community and partnership and business commitments.
TECHNOLOGY TRANSFORMATION MAKING A DIFFERENCE
Technology innovation is a given, but when that innovation makes a positive difference in the world that’s when business becomes more than just a transaction. Avnet is proud of helping customers succeed in the area of technology for good, for example:
Happiest Baby makes the SNOO Smart Sleeper bassinet for households around the world. The U.S. Federal Drug Administration accepted SNOO into its Breakthrough Devices Program, which puts it on the fast track for review as a lifesaving medical device for its potential to reduce the risk of SIDS/SUID.
SynPhNe is dubbed a game-changer in the treatment of stroke recovery. It treats cognitive and physical disability in one system and can be self-administered. The wearable product captures tiny brain and muscle signals so patients can self-correct their movements in real-time.
tiptap created a fixed amount, standalone, touchless payments receiver that helps nonprofits securely receive donations. Nonprofits just turn it on and they are ready to collect.
