Ethisphere Institute recognizes Avnet for leading with purpose and

integrity

PHOENIX--(BUSINESS WIRE)--$AVT #CSR--Avnet (NYSE: AVT),

a leading global technology distributor, has been recognized as one of

the 2018

Institute, a global leader in defining and advancing the standards of

ethical business practices. Avnet’s consistency in leading with purpose

and integrity has now been lauded by Ethisphere for five consecutive

years.

“On behalf of Avnet, I would like to express our gratitude to the

Ethisphere Institute for continuing to shine the spotlight on not only

the big-picture implications of supporting social, ethical and

environmental causes, but the many benefits purpose-driven companies

enjoy — increased profitability, highly engaged employees, more loyal

customers and fruitful innovation,” said Bill Amelio, Avnet CEO.

“Business leaders like myself are continually challenged with finding

that sweet spot where the ideals of people, planet and profits

intersect. It is not easy, but I believe that doing well by doing good

is not about being perfect, but always striving to do better and to be

better. That’s how I try to live my life, and it is a long-standing

characteristic of Avnet’s culture that I admire and am proud to have the

opportunity to support.”

Recognized each year since 2014, this award underscores the company’s

commitment to prioritizing ethical business practices. Defined by equal

measures of collaboration, ingenuity and integrity, Avnet’s business

model, philosophy and culture serve as a benchmark inspiring engineers

and makers at companies of all sizes to reach further with products and

processes that promote fairness and social value.

This year, 135 honorees spanning 23 countries and 57 industries earned

the designation as one of the World’s Most Ethical Companies. This class

of honorees had record levels of involvement with their stakeholders and

their communities around the world. Measuring and improving culture,

leading authentically, and committing to transparency, diversity and

inclusion were all priorities for honorees.

“While the discourse around the world changed profoundly in 2017, a

stronger voice emerged. Global corporations operating with a common rule

of law are now society’s strongest force to improve the human condition.

This year we saw companies increasingly finding their voice. The World’s

Most Ethical Companies in particular continued to show exemplary

leadership,” explained Ethisphere’s CEO, Timothy Erblich. “I

congratulate everyone at Avnet for being recognized as one of the

World's Most Ethical Companies.”

Ethics & Performance

Once again, the 2018 World’s Most Ethical Companies have proven that

operating with integrity leads to greater financial performance.

Research has found that, when indexed, listed World’s Most Ethical

Companies outperformed the U.S. Large Cap Index over five years by 10.72

percent and over three years by 4.88 percent. Ethisphere refers to this

as the Ethics Premium.

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), corporate citizenship and responsibility (20

percent), culture of ethics (20 percent), governance (15 percent), and

leadership, innovation 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.

Honorees

The full list of the 2018 World's Most Ethical Companies can be found at https://worldsmostethicalcompanies.com/honorees.

Best practices and insights from the 2018 honorees will be released in a

report and webcast in March and April of this year.

to Tweet: Commitment to core values of #integrity #empathy

#ingenuity #collaboration #objectivity #know-how earns @Avnet

@Ethisphere #WorldsMostEthicalCompanies recognition for fifth

consecutive year. #ReachFurther http://bit.ly/1ll33LR

Follow Avnet on Twitter: @Avnet

Connect

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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 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

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.

Contacts

Avnet

Maureen O’Leary, 480-643-7499

or

Brodeur

Partners, for Avnet

Jamie Ernst, 480-308-0286

or

Ethisphere

Clea

Nabozny, 480-397-2658