Climate Change Data

Avnet, Inc.

Climate Impact & Sustainability Data (2019-07 to 2020-12, 2022-07-03 to 2023-07-01, 2023-07-02 to 2024-06-29)

Reporting Period: 2019-07 to 2020-12

Environmental Metrics

ESG Focus Areas

  • Diversity and inclusion
  • Climate change and waste
  • Ethics and compliance

Environmental Achievements

  • Leeds distribution facility achieved a BREEAM Very Good rating of 58.7% and an Energy Performance Certificate category A.

Social Achievements

  • Created a senior-level global position for diversity and inclusion.
  • No fatalities in FY19 or FY20.
  • Avnet donated a total of $130,000 to the U.N. Foundation's COVID-19 Solidarity Fund.

Governance Achievements

  • Named one of the World’s Most Ethical Companies by the Ethisphere Institute for the seventh consecutive year.

Climate Goals & Targets

Long-term Goals:
  • Reduce greenhouse gas emissions and increase energy efficiency throughout operations, upstream and downstream.
Medium-term Goals:
  • Deepen emissions reporting (Scope 3) and goals; execute on strategies to increase renewables, reduce emissions, reduce waste, and streamline communications.
Short-term Goals:
  • Complete carbon and waste footprint; add waste and water to reporting; develop strategy to increase renewables, reduce emissions and waste; streamline communication of climate goals.

Environmental Challenges

  • Data deficiencies affecting emission reduction goals.
  • Addressing racial and social inequity.
Mitigation Strategies
  • Building a rigorous data collection process to develop robust and time-bound goals on emission reduction.
  • Creating the first global D&I role and implementing a comprehensive D&I strategy.

Supply Chain Management

Responsible Procurement
  • Compliance with Responsible Business Alliance (RBA) code of conduct or equivalent; compliance with Dodd-Frank Act Section 1502; ISO 9001 and ISO 14001 certifications preferred.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, SASB, UN Global Compact

Certifications: ISO 9001, ISO 14001

UN Sustainable Development Goals

  • Goal 1
  • Goal 3
  • Goal 5
  • Goal 13
  • Goal 15

Avnet's contributions to SDGs through employment opportunities, employee safety, diversity initiatives, climate action, and wildlife conservation.

Awards & Recognition

  • World’s Most Ethical Companies (Ethisphere Institute)
  • Best Workplaces in Electronics (India)
  • Employer of Choice Award (Human Resources Director Asia)
  • Corporate Board of the Year (2020WOB)
  • Best Workplace Award (China)

Reporting Period: 2022-07-03 to 2023-07-01

Environmental Metrics

Total Carbon Emissions:28,013 mtCO2e (CY22)
Scope 1 Emissions:8,219 tCO2e (CY22)
Scope 2 Emissions:19,793 tCO2e (CY22)
Scope 3 Emissions:55,218 tCO2e (CY22)
Renewable Energy Share:18% (CY22)
Total Energy Consumption:108,360 MWh (CY22)
Water Consumption:132,782 m3 (CY22)
Waste Generated:5,738 tons (CY22)
Carbon Intensity:Scope 1 & 2 GHG emissions intensity per employee (market-based) decreased to 1.83 mtCO2e/employee in CY22.

ESG Focus Areas

  • Ethics and compliance
  • Occupational health and safety
  • Climate
  • Diversity and inclusion
  • Economic performance

Environmental Achievements

  • Reduced Scope 1 and Scope 2 emissions approximately 41% from the baseline level
  • Increased ISO14001 certification to cover 62% of total operational sites
  • Expanded Scope 3 emissions reporting

Social Achievements

  • Increased employee engagement score to 83.5, with record level of participation
  • Launched global mentoring program in AMER and APAC, with EMEA process initiated
  • Added four new employee resource groups
  • Increased ISO45001 certification to cover 34% of total operational sites

Governance Achievements

  • 2022 Compliance Training Campaign with 99.6% global completion rate
  • Refreshed global Code of Conduct, now available in 18 languages
  • Developed Manager’s Ethics and Compliance Toolkit
  • Introduced new employee recognition program, Ethics-in-Action Award

Climate Goals & Targets

Long-term Goals:
  • 50% reduction in Scope 1 & Scope 2 (market-based) GHG emissions by CY25 from FY19
  • Increase to 30% of Scope 1 & Scope 2 energy from renewable resources by CY25
  • Divert 75% of waste from landfill by CY25
Medium-term Goals:
  • Complete global mentoring program launch by rolling out in EMEA
  • Complete baseline pay equity study
  • Achieve ISO45001 certification for more facilities, along with ISO14001 at additional sites
Short-term Goals:
  • Continue to refresh internal ethics and compliance communications program
  • Implement cadenced program to employees who have embraced “owning” compliance
  • Refresh Global Anti-Corruption Policy and program

Environmental Challenges

  • Supply chain disruptions due to climate events
  • Meeting ambitious environmental goals while experiencing business growth
  • Maintaining a 20% reduction in business travel emissions despite increased travel activity
Mitigation Strategies
  • Developed alternative sourcing strategies
  • Implemented a new ESG data management platform to improve data collection and reporting
  • Implemented several initiatives to reduce business travel, including expanded use of virtual meetings

Supply Chain Management

Supplier Audits: More than 93% of factories (based on FY23 spend) audited over a four- to five-year cycle for Farnell’s private label products.

Responsible Procurement
  • Supplier Code of Conduct
  • Global Supplier Quality Handbook
  • Responsible Minerals Sourcing Policy
  • Global Indirect Procurement Integrity Policy
  • Global Responsible Sourcing Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Acute physical risks (e.g., extreme weather events disrupting operations)
  • Chronic physical risks (e.g., more intense or prolonged environmental events increasing operational risk)
Transition Risks
  • Current regulation
  • Emerging regulation
  • Market shifts
Opportunities
  • Technology (energy-efficient technologies, renewable energy technology)
  • Market (growing climate-related markets)

Reporting Standards

Frameworks Used: GRI Standards, SASB Standards, TCFD recommendations

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Third-party verification by Global Internal Audit

UN Sustainable Development Goals

  • Goal 9
  • Goal 11
  • Goal 12
  • Goal 17

Avnet's initiatives contribute to these goals through sustainable product design, smart city solutions, waste reduction, and promoting environmentally sound technologies.

Sustainable Products & Innovation

  • Liquid cooling technology for servers

Awards & Recognition

  • Fortune Magazine Worlds Most Admired Companies 2023
  • CIO 100 Award
  • AZ Business Magazine Legal Department of the Year
  • EcoVadis Silver Medal Award
  • Supply & Demand Chain Executive Magazine Pro to Know Award
  • HR Asia Best Companies to Work for
  • HRoot Best Employer in Greater China 2022
  • HRFlag Best HR Team 2022
  • Great Place to Work Institute in India Great Place to Work
  • Great Place to Work Institute in Japan Great Place to Work
  • Phoenix Business Journal Healthiest Employer
  • HR Asia Most Caring Company Award
  • HRFlag Best HR Leader

Reporting Period: 2023-07-02 to 2024-06-29

Environmental Metrics

Total Carbon Emissions:25,933 mtCO2e (market-based Scope 1 & 2)
Scope 1 Emissions:8,204 mtCO2e
Scope 2 Emissions:17,729 mtCO2e
Scope 3 Emissions:5,089,725 mtCO2e
Renewable Energy Share:20%
Total Energy Consumption:104,923 MWh
Water Consumption:109,237 m3
Waste Generated:3,216 metric tons
Carbon Intensity:Scope 1 & 2 GHG emissions intensity per employee (market-based): 1.68 mtCO2e/employee

ESG Focus Areas

  • Governance & Ethics
  • Our People & Culture
  • Responsible Value Chain
  • Environmental Stewardship

Environmental Achievements

  • Reduced Scope 1 and Scope 2 (market-based) GHG emissions by approximately 45% from the 2019 baseline.
  • Increased ISO 14001 certification to cover 65% of total operational sites.
  • Expanded Scope 3 GHG emissions reporting to include five additional categories.
  • Renewable energy accounted for 20% of overall energy consumption.

Social Achievements

  • Record participation levels for employee engagement survey.
  • Launched global mentoring program.
  • Added three new employee resource groups, bringing the total to eight.
  • Maintained ISO 45001 certification at 31% of total operational sites.
  • Donated over $758,000 to support local communities.

Governance Achievements

  • Conducted annual 2023 Compliance Training Campaign with 99.2% global completion rate.
  • Introduced the Manager’s Ethics and Compliance Toolkit.
  • Continued the employee recognition program, Ethics-in-Action Award.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Increase to 30% of Scope 1 & Scope 2 energy from renewable resources by FY25
  • Reduce Scope 1 & Scope 2 (market-based) GHG emissions by 50% from FY19 base by FY25
  • Reduce Scope 3 business travel emissions by 20% from CY19 base by FY25
  • Divert 75% of waste from landfill by FY25

Environmental Challenges

  • Supply chain disruptions due to climate events and geopolitical factors.
  • Difficulty in reaching emissions reduction goals due to business growth.
  • Potential impacts of emerging ESG regulations.
Mitigation Strategies
  • Improved ESG data management processes.
  • Qualitative climate-scenario analysis to inform climate change management.
  • Expanded supplier risk assessment processes.
  • Building capabilities in preparation for emerging ESG regulations.
  • Implementing a climate transition plan.
  • Diversifying supply chain sources.

Supply Chain Management

Supplier Audits: 2,350 suppliers assessed under risk management program.

Responsible Procurement
  • Responsible Sourcing Policy
  • Supplier Code of Conduct
  • Conflict minerals policy
  • Supply Chain Due Diligence questionnaire

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Drought/water scarcity
  • Wildfires
  • Sea level rise
  • Heat stress
  • Flooding
Transition Risks
  • Policy or regulatory changes
  • Shifting customer behaviors
  • Availability of key resources
Opportunities
  • Increased sales of existing products and services
  • Expansion into new markets (e.g., EVs)
  • Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI, SASB, TCFD, UNGC

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Goal 4 (Quality Education)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 9 (Industry, Innovation, and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)
  • Goal 13 (Climate Action)

Initiatives described in SDG Index.

Sustainable Products & Innovation

  • Liquid cooling systems for data servers
  • EV charging solutions

Awards & Recognition

  • FORTUNE’s World’s Most Admired Companies List
  • CIO Award
  • EcoVadis Silver Medal Award
  • Healthiest Employer awards
  • Women’s Choice Award
  • Women in Electronics Unity Award
  • Regional awards