Avnet (NYSE: AVT), a leading global technology distributor, has been recognized as one of the 2018 World’s Most Ethical Companies by the Ethisphere® 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 24 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.”