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ethics

Avnet recognized as ‘World’s Most Ethical Company’

Avnet, Inc. (NYSE:AVT), a leading global technology distributor, announced today that it has been named a 2015 World’s Most Ethical Company® by the Ethisphere Institute, the global leader in defining and advancing the standards of ethical business practices. The World’s Most Ethical Companies designation recognizes those organizations that have had a material impact on the way business is conducted by fostering a culture of ethics and transparency at every level of the company.

Being an honoree for the second year in a row emphasizes Avnet’s commitment to leading ethical business standards and practices globally to ensure long-term value for key stakeholders including customers, employees, suppliers, regulators and investors. Avnet was the only company in the Electronics Wholesale sector honored on this year’s list.

“Integrity is our number one core value by design. This guides our day-to-day decisions everywhere we do business,” said Rick Hamada, chief executive officer of Avnet, Inc. “We are trusted by the world’s leading technology companies not only because of our expertise and innovative solutions, but also because of our reputation as a leader in ethical practices. Avnet’s inclusion on the list of World’s Most Ethical Companies only reinforces our commitment accordingly and is a true source of pride for our employees worldwide, whose outstanding contributions and engagement help differentiate us as a global leader.”

Avnet was recognized because of its commitment and investment in initiatives that enhance and expand its ethics, compliance, sustainability, governance, and community outreach programs, as well as its industry leadership and innovation capabilities. Avnet supports ethical conduct with transparency in its policies, procedures and transactions, as well as ongoing training and a thorough audit process. Additionally, Avnet participated in the Carbon Disclosure Project in 2014 and published a 2014 Corporate Social Responsibility Report, which outlines other key Avnet initiatives that help make the world a better place to live, work and play.

“At Avnet, we know that results matter, but achieving those results the right way is what we pride ourselves on,” said Harvey Woodford, chief ethics and compliance officer, Avnet, Inc. “Being recognized as one of the World’s Most Ethical Companies for the second year in a row is a reflection of every employee’s commitment to acting with integrity and uncompromised business ethics around the world. In achieving this high standard, we help our customers and suppliers reduce costs and risks and go to market more efficiently.”

“The World’s Most Ethical Companies embrace the correlation between ethical business practice and improved company performance. These companies use ethics as a means to further define their industry leadership and understand that creating an ethical culture and earning the World’s Most Ethical Companies recognition involves more than just an outward facing message or a handful of senior executives saying the right thing,” said Ethisphere’s Chief Executive Officer Timothy Erblich. “Earning this recognition involves the collective action of a global workforce from the top down. We congratulate everyone at Avnet for this extraordinary achievement.”

The World’s Most Ethical Company assessment is based upon the Ethisphere Institute’s Ethics Quotient™ (EQ) framework, developed over years of research to provide a means to assess an organization’s performance in an objective, consistent and standardized way. 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. The EQ framework and methodology is determined, vetted and refined by the expert advice and insights gleaned from Ethisphere’s network of thought leaders and from the World’s Most Ethical Company Methodology Advisory Panel.

Scores are generated in five key categories: ethics and compliance program (35%), corporate citizenship and responsibility (20%), culture of ethics (20%), governance (15%), and leadership, innovation and reputation (10%).

The full list of the 2015 World’s Most Ethical Companies can be found at http://ethisphere.com/worlds-most-ethical/wme-honorees/.

Arizona State University student team members Haylee Hilgers, right, and Jason Hyacinthe won the EMC Green Data Center Challenge at the Avnet Tech Games.

Avnet Tech Games Winners Announced

Avnet, Inc., a leading global technology distributor, announced the 2014 winners of the Avnet Tech Games. Close to 200 students from Arizona community colleges and universities competed head-to-head for top honors in the Avnet Tech Games Arizona onsite competition on Saturday, April 12, 2014, at The University of Advancing Technology in Tempe. In addition, college students competing on a national level in the Spring Virtual Avnet Tech Games had their work displayed and winners were announced during the awards ceremony at the onsite competition. Thirty winning students collected $1,000 each in scholarship money.

A panel of judges including technology executives, engineers and other business leaders selected the winners based on the students’ ability to meet the technical requirements of a task, apply innovative approaches to the solution and demonstrate professional skills. Nearly 76 teams of students competed in the onsite and virtual Avnet Tech Games, including 8 Arizona community colleges and universities: Arizona State University, ITT Technical Institute, seven Maricopa County Community Colleges, Northern Arizona University, The University of Advancing Technology and University of Arizona.

The winners of the 2014 Onsite Avnet Tech Games are:

Cisco Networking Expert Battle
South Mountain Community College
Faculty Coach: Tom Polliard
Student Team Members: Huy Mai and Justin Woys

Desktop Domination
The University of Advancing Technology
Student Team Members: William Hartman and Kelly Stahlberg

Digital Design Dilemma
Chandler-Gilbert Community College
Faculty Coach: Bassam Matar
Student Team Members: Michelle Smekal, Niccolo Horvath and Neel Mistry

EMC Green Data Center Challenge
Arizona State University
Student Team Members: Haylee Hilgers and Jason Hyacinthe

HP Build the Fastest Computer
Chandler-Gilbert Community College
Faculty Coach: Eli Chmouni
Student Team Members: Troy Gerloff, Blake Knoll and Jeremy Morgan

Java Blitz
Chandler-Gilbert Community College
Faculty Coach: Rameen Kaliqu
Student Team Members: Zachary Peshke, Samuel Slater and Larry Standage

Robot Race Obstacle Course
Mesa Community College
Faculty Coach: Bruce Carlton
Student Team Members: Richard Dale, Spencer Hall and Federico Ortega

Solar Scrimmage
Mesa Community College
Faculty Coach: Bruce Carlton
Student Team Members: Justin Arispe, Drew Carlson and Jennifer Hooker

Since the inception of the Avnet Tech Games in 2006, nearly $300,000 in scholarship money and prizes have been awarded to hundreds of the approximately 2,680 students and 215 faculty members who have participated in the competitions.

“The Avnet Tech Games provide a great opportunity for students to test their technical and strategy skills by applying what they have learned in the classroom to real-life scenarios,” said Joal Redmond, vice president of public relations for Avnet, Inc. “Students also had the opportunity to improve their communications skills by participating in a networking workshop and then practice those skills by meeting with Avnet and sponsor executives during a networking hour. Students win, schools win and business wins with the Avnet Tech Games.”

The annual multidisciplinary technology competition, composed of eight separate events, required students to work in teams to test their knowledge, creativity, decision-making, problem-solving and technical skills. During the event, students showcased how they can make a difference in advancing business and improving quality of life by participating in competitions such as creating a solar-powered water-pumping system, racing to build a computer using refurbished parts and troubleshoot issues in the Windows 7 operating system.

2014 Spring Virtual Avnet Tech Games
The Virtual Avnet Tech Games were introduced in 2010 to expand the breadth of the onsite event by allowing students to compete on a national level. More than 115 teams competed in the Virtual Avnet Tech Games competition. The winners were:

Android App™ Showdown
ITT Technical Institute
Student Team Member: Bryan Geesey

Green Video Competition
Chandler-Gilbert Community College
Faculty Coach: Eli Chmouni
Student Team Members: Dustin Allen, Kendra Charnick, Joel Parker and Brian Weeks

JDA Supply Chain Challenge
Southern Methodist University
Student Team Members: Aaron Barnard, Matt Mulholland, Tushar Solanki and Meredith Titus

“Congratulations to everyone who participated in this year’s virtual and onsite Avnet Tech Games, especially our winners,” added Redmond. On behalf of Avnet, thank you to all of our sponsors, business partners and volunteers for helping to make this year’s event a success.”

Avnet Tech Games 2014 sponsors included signature sponsors CA, Cisco, CDW, Datalink, DPAIR, EMC, HP, JDA, Kyocera, Microchip, Nimble Storage and Sungard.