Avnet encourages employees to join the "100 Good Deeds" charity event

New corporate sustainability report highlights company strategy and 100 Acts of Giving campaign to encourage employees to get involved in charitable causes

Beijing, China, April 28, 2021 - Avnet (NASDAQ: AVT), a leading global technology solutions provider, is continuing its year-long celebration to mark its 100th anniversary. Avnet is committed to working hand in hand with its customers, suppliers and employees to create a better world. This commitment is the foundation of Avnet's business and is fully reflected in the company's latest corporate sustainability report, along with the company's ESG (environmental, social and governance) strategy. To celebrate the 100th anniversary, Avnet will also launch a new employee charity donation campaign, "100 Acts of Giving", to recognize and reward employees for their efforts in philanthropy. In addition, Avnet will publish a series of articles highlighting how customers use technology innovation to make the world a better place.

"Avnet is on its way to its second century of business," said Phil Gallagher, CEO of Avnet. "Our position at the center of the technology value chain has underpinned our extraordinary success over the past 100 years. Over time, Avnet has adapted its position to meet market needs. One of the keys to our continued success is the partnerships we have with all of our stakeholders to meet their business needs while always doing the right thing. Resilience and sustainability have been the cornerstones of Avnet's business over the past 100 years, and we are proud that the work we do makes the world a better place."

Highlights of the Sustainability Report

As part of its ongoing ESG program, Avnet has released its latest Sustainability Report, highlighting the company's sustainability efforts in fiscal 2019 and 2020. The report is based on important research conducted by Avnet in early 2020 and outlines the company's strategy and key areas of focus. The report also includes letters from the CEO and Chairman of the Board, details the company's various initiatives in response to the COVID-19 pandemic, and integrates chapters on people and communities, the environment, and corporate governance. It also lists Avnet's support for the United Nations Sustainable Development Goals, the Global Reporting Initiative (GRI), and the Sustainability Accounting Standards Board (SASB) in various aspects.

Highlights of the report include:

The five highest-ranking topics in Avnet's materiality assessment are: corporate ethics and compliance, occupational health and safety, climate, diversity and inclusion, and performance.

Avnet's diversity and inclusion strategy will cover five key areas: listening and learning, policy and practice, education and advocacy, community and partnerships, and business commitment.

Avnet's response to the COVID-19 pandemic includes taking immediate steps to protect the health and safety of all employees worldwide; working closely with customers to resolve complex supply chain issues so they can deliver much-needed medical equipment quickly and smoothly; and supporting employees in contributing to their local communities.

In the future, Avnet's focus on environmental sustainability will be to integrate carbon footprint and waste emissions, and reflect our waste and water treatment in the report.

Click here to read Avnet's full Corporate Sustainability Report.

Technological change is significant

Technological innovation is an inevitable choice. When such innovation brings positive impact to the world, the business carried out by the enterprise is more than a simple commercial transaction. Avnet is proud to help customers achieve important achievements in the field of technology for good:

Happiest Baby provides the SNOO Smart Sleeper to families around the world. The U.S. Food and Drug Administration has included SNOO in its Breakthrough Devices Program, which has expedited the approval of this product. The SNOO Smart Sleeper is a life-saving medical device that can reduce the risk of sudden infant death syndrome (SIDS)/sudden unexpected infant death (SUID). Avnet is responsible for providing one-stop services for the SNOO Smart Sleeper from production, assembly, integration, packaging, distribution to storage.

www.HappiestBaby.com

SynPhNe is known as a disruptor in the stroke rehabilitation market. It can treat cognitive impairment and physical disability through a system and also enable self-management. This wearable device can capture tiny brain and muscle signals, allowing patients to correct their movements in real time. Avnet's expertise in wearable devices and electronic devices has accelerated the manufacturability verification of product prototypes. www.synphne.com/

Tiptap has developed a fixed-amount, stand-alone contactless payment receiver to help nonprofit organizations securely receive donations. Nonprofit organizations only need to turn it on to receive donations. Avnet helps Tiptap with product engineering design, component selection and supply, and distribution.

www.tiptappay.com

We will be publishing these companies’ use cases on www.centennialcentral.com in the coming months, so stay tuned!

100 Acts of Giving

Over the past century, Avnet has been committed to working with its partners to create a better world, and its employees have made positive contributions to their communities. Avnet Cares, Avnet's employee volunteer program, upholds the company's "giving" culture. Avnet's employees are also known for giving back to the community, and on the occasion of the company's 100th anniversary, Avnet hopes to recognize their contributions through the "100 Acts of Giving" campaign.

Avnet will donate $100,000 ($1,000 each) to 100 qualifying nonprofits/NGOs around the world in the coming months. The 100 nonprofits will be selected based on volunteer stories shared by Avnet employees. Qualifying nonprofits mentioned in these stories will receive donations during Avnet's Centennial celebration. We will share these stories on our Centennial Central website and in our next Sustainability Report.