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Environmental, Social and Governance (ESG)

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ESG: The heart of a great company

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“The principles of resiliency and sustainability have been the bedrock of Avnet’s business for 100 years. After the past year’s events — a global pandemic, the consequences of climate change and the urgent need for more diversity and inclusion in business and society — these principles are even more relevant.”
– Avnet CEO Phil Gallagher

As Avnet moves forward, we are intensifying our focus on our environmental, social and governance (ESG) performance.

CSR reports: FY23 | FY22 | FY21 | FY19-FY20 | FY17-FY18 | FY16 | FY14

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Environment: sustainability and climate

At Avnet we’re focused on environmentally sustainable business practices that benefit our society and our world, in addition to our focus on sustainability for our company. We believe it makes good business sense to understand, be aware of, and proactively work on ways we can be an environmentally-friendly global company. We’re making progress to reduce Avnet’s environmental impact and are continuing to shape our sustainability strategy and goals. We’re focusing on where we can make the most significant impact, such as climate change and waste reduction.

Learn more about Avnet’s efforts in Environmental Sustainability.

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Social: people and communities

Avnet’s employees are its most important stakeholders and the Avnet Code of Conduct sets standards and expectations for a workplace that prioritizes health and safety, fair labor practices, equal opportunity and diversity and inclusion (D&I). We prohibit discrimination, harassment and retaliation.

Diversity, Equity & Inclusion: DEI is central to our culture and organization. We derive our greatest value and strongest competitive business advantage by seeking unique perspectives, experiences and contributions from our diverse global team. When employees feel they belong, they’re more engaged, innovative and productive. By fostering a sense of inclusion, modeling inclusive behaviors and empowering leaders with appropriate resources, Avnet unleashes the full potential of our workforce.

Learn more about Avnet’s Diversity, Equity & Inclusion.

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Community engagement

Understanding the power of working together, we partner with suppliers, customers and vendors to maximize our impact in the community. We also back up that commitment with financial support by investing in programs and projects in our communities targeted at improving STEM (science, technology, engineering and math) education, promoting environmental conservation and diversity.

That sense of responsibility spreads throughout the company. Our employee-led volunteer initiative, Avnet Cares, supports employees who are making a difference through hands-on and skills-based volunteering.

Learn more about Avnet’s impact in Community Engagement.

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Corporate governance: ethics and compliance

Ethically and environmentally sound business practices are fundamental to Avnet’s culture and identity. At Avnet, “we mean what we say, we respect others and we do business the right way.” Our aim is to promote fairness, seek to prevent corruption and unethical behavior, and provide accountability for actions.

We train our employees to identify and avoid potential corruption, and we insist on compliance with trade, anti-corruption and other laws. We are also careful to select resellers and other business partners who share our commitment to clean business practices.

Learn more about Avnet’s focus on Ethics and Governance.

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Human rights

Avnet values and seeks to uphold basic human rights in all our operations and obligates its supply chain partners to uphold the same standards. We provide reasonable working hours and fair wages. We do not use or tolerate others’ use of forced labor or human trafficking practices, including the exploitation of children. We respect the rights of all workers including the right to associate, peaceably assemble and communicate concerns with management without fear of discrimination or harassment. We recognize and respect the rights of all individuals regardless of race, color, ancestry, national origin, gender, gender identity or expression, sexual orientation, religion, age, disability or any other legally protected trait, and do not discriminate against anyone based on the same. We are also taking steps to work toward a conflict-free supply chain.

Learn more about Avnet’s efforts in Human rights.

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Supply chain due diligence

Avnet can only be successful in business and conduct their business in a responsible manner if our business activities are in harmony with the Environment, Social and Governance (ESG) standards. These standards have never been more important in supply chains. ESG criteria provide a guideline for environmentally friendly, socially acceptable, and ethically righteous supply chain activities. To protect our business and avoid exposure of ESG non-compliance, Avnet implemented a due diligence process to identify and asses, prevent and stop human rights and environmental risks and violations. Voluntary frameworks (e.g. UN Guiding Principles on Business and Human Rights) already promote supply chain due diligence but this is also increasingly being incorporated into law and regulations to address both the environmental and human rights impacts of supply chains. The due diligence obligations apply not only to Avnet’s own business activities and those of its subsidiaries but equally to its entire value chain.

Learn more about Avnet’s Supply Chain Due Diligence program