Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Avnet Recognized in Newsweek Green Rankings of America's Largest 500 Companies.


PHOENIX -- Avnet, Inc. (NYSE NYSE

See: New York Stock Exchange
:AVT AVT

avian arginine vasotocin. See vasotocin.
), a global technology marketing, distribution and services company, was ranked #184 on Newsweek's inaugural Green Rankings of the 500 largest U.S. companies. Companies were ranked based on their actual environmental performance, policies, and reputation as measured by leading environmental researchers KLD KLD Kullback-Leibler Divergence
KLD Kullback-Leibler Distance
KLD Këshilli I Lartë I Drejtësisë (Albanian: High Council of Justice) 
 Research & Analytics, Trucost, and CorporateRegister.com.

According to Newsweek, the "goal was to assess each company's actual resource use and emissions and its policies and strategies, along with its reputation among its peers. The 500 companies included in the ranking are the largest U.S. companies as measured by revenue, market capitalization Market Capitalization

A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap.
 and number of employees. The companies are broken out into 15 sectors, based on the FTSE/Dow Jones Industry Classification Benchmark The Industry Classification Benchmark (ICB) is a company classification system developed by Dow Jones and FTSE. It is used to segregate markets into sectors within the macroeconomy.  (ICB ICB Integrated Conference Bridge (Nortel)
ICB International Competitive Bidding (international procurement)
ICB Individual Case Basis
ICB Istituto di Chimica Biomolecolare (Italian) 
)." Avnet ranked 18 out of 47 in the "Industrial Goods" sector and was the highest ranking technology distributor.

"For years we have been proactive in supporting environmental programs primarily due to regulations and trading partner business requirements. More recently, we recognized that developing a green approach to managing our business was not only socially responsible, but also good business in helping us become more efficient in our use of natural resources," said Avnet CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and Chairman Roy Vallee. "We created a global council to develop a corporate policy and drive strategies that would move us toward more sustainable business practices. While there is still much to be done, our efforts are already paying off in reduced energy consumption, corporate recycling programs and heightened involvement of individual employees."

For more information on Newsweek's Green Rankings, please visit: http://greenrankings.newsweek.com/.

About Avnet

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers in more than 70 countries worldwide. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of more than 100,000 customers and by providing cost-effective, value-added services and solutions. For the fiscal year ended June 27, 2009, Avnet generated revenue of $16.23 billion. For more information, visit www.avnet.com.
COPYRIGHT 2009 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1U8AZ
Date:Sep 29, 2009
Words:345
Previous Article:AMSC and Sinovel Sign $100 Million Follow-On Electrical Components Contract for 3 Megawatt Wind Turbines.
Next Article:Fitch Affirms El Rancho USD's (CA) $18.5MM in ULT GOs at 'A-'; Revises Outlook to Negative.
Topics:



Related Articles
Avnet Electronics Marketing Ranked 11th in Inaugural InformationWeek China Business Technology 100.
Avnet Electronics Marketing Ranked 25th in Second Annual InformationWeek China Business Technology 100.
Up 40 in the Rankings, Avnet is No. 172 on Fortune 500.
Avnet Named to InformationWeek 500 for Its Business Intelligence and Order Management Systems.
Avnet Rises to No. 163 on Fortune 500.
Avnet Earns Best-In-Class Ranking from Engineers.
Avnet Rises to No. 144 on Fortune 500.
Avnet Earns Best-In-Class Ranking from Engineers.
Avnet Technology Solutions' Friesenhahn Recognized by Everything Channel's CRN Magazine as One of the Top 100 Women in the Channel.
Avnet, Inc. Ranks in the Top 100 of the InformationWeek 500 for the Sixth Consecutive Year.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles