Avnet named as a 2016 World's Most Ethical Company

Avnet has been recognised as a 'World's Most Ethical Company' for the third consecutive year.

The accolade comes from the Ethisphere Institute, an organisations designed to define and advance the standards of ethical business practices.

Rick Hamada, Avnet chief executive officer, says the distributor is committed to ethical business standards and practices around the world.

"Our global team has created a culture focused on integrity, customer service, accountability, teamwork and innovation," Hamada says.

"We live these values every day, helping to make Avnet a global leader in socially responsible practices.

The recognition comes for Avnet's commitment and investment in initiatives that enhance its ethics, compliance, sustainability, governance and community outreach programs, as well as its industry leadership and innovation capabilities, Avnet says.

Hamada says Ethisphere's recognition reinforces the work Avnet has been doing 'to meet the great responsibilities that come with Avnet's meaningful role in the broad base of technology markets we serve'.

Timothy Erblich, Ethisphere chief executive, says companies that demonstrate leadership in areas such as citizenship, integrity and transparency create more value for their investors, communities, customers and employees, and so solidify a sustainable business advantage.