Avnet Ranked #139 Among Greenest Publically Traded Companies in the U.S. by
Avnet recognized on Newsweek’s Annual Green Ranking list for Fourth Year in a
PHOENIX -- November 05, 2012
Avnet, Inc. (NYSE:AVT), a leading global technology distributor, was
recognized for the fourth year in a row on Newsweek’s Green Rankings list.
Avnet placed No. 139 overall, moving up six spots from 2011 and 82 spots from
2010 on the annual ranking, which compares the largest publically traded
companies in the U.S. on environmental performance. Newsweek rankings are
based on a company’s environmental footprint, corporate management and
“Now more than ever, our stakeholders around the world are placing a higher
value on how we impact the environment,” said Bob Gracz, Avnet’s vice
president of Corporate Real Estate. “Reducing Avnet’s carbon footprint and
overall energy use has been an important objective in how we manage all our
facilities. Each year we continue to build upon our efforts in becoming a more
sustainable company not simply because it’s good for business, but because
it’s the right thing to do.”
Avnet has begun preparations to participate in the Global Reporting
Initiative’s sustainability reporting process, which is widely used by
companies around the world as a way to report sustainability information in a
way that is similar to financial reporting. Involvement in this global
initiative represents an opportunity to aid in benchmarking progress with
elements of external reporting accountability.
Avnet’s 2012 global Carbon Footprint Analysis, which was conducted by German
consulting firm DFGE, measured the amount of greenhouse gases Avnet emits
directly or indirectly in day-to-day business activities. The results showed a
10 percent year-over-year improvement in overall carbon emissions as measured
against revenue over the same period.
Avnet has taken numerous steps to reduce its impact on the environment. Some
*Occupying or updating buildings and warehouses with more sustainable
*Modernizing locations to meet strict environmental standards such as LEED
and ISO 14001.
*Implementation of a wide variety of both innovative and practical projects
that have improved the power efficiency of Avnet's data center operations.
These projects included a new data storage management system,
virtualization, a system hibernation script, green lighting, and physical
improvements. As a direct result, Avnet has saved millions of dollars and
avoided a multi-million dollar power build out to its Americas data
*Enhancing recycling efforts at all facilities and the adoption of more
environmentally-friendly packaging materials.
*Using more energy-efficient lighting, which has saved Avnet’s Chandler,
Ariz., component distribution center 3.8 million kilowatt hours per year,
equating to more than $260,000 in energy savings.
*Enabling employees to work remotely, significantly reducing the amount of
carbon released for those commuting to work and reducing the amount of
office space required.
In addition, as announced April 2012, Avnet’s entry into the electronics
aftermarket services market helps position the company as a strategic provider
of environmental solutions by providing total solutions for the aftermarket
needs of electronics OEMs, service providers and corporations.
Newsweek collaborated with leading environmental researchers, Trucost and
Sustainalytics, to rank companies in three categories: an Environmental Impact
Score, an Environmental Management Score and an Environmental Disclosure
Score. The complete Newsweek rankings, as well as the ranking methodology, can
be found at http://greenrankings.newsweek.com/.
Avnet’s approach to corporate sustainability incorporates a broader
perspective on total corporate social responsibility (CSR). In addition to
environmental concerns, CSR takes into account initiatives such as community
relations, employee practices and economic development. Learn more about the
company’s ongoing efforts: http://www.localglobalgreen.com
Learn more on Avnet’s Environmental Sustainability blog:
Follow Avnet on Twitter: @AvnetComms
Connect with Avnet on Facebook and LinkedIn: facebook.com/avnetinc and
Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest
distributors of electronic components, computer products and embedded
technology serving customers globally. Avnet accelerates its partners' success
by connecting the world's leading technology suppliers with a broad base of
customers by providing cost-effective, value-added services and solutions. For
the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion.
For more information, visit www.avnet.com.
Michelle Gorel, 480-643-7653
VP Public Relations & Corporate Communications
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