In 2024, Avnet completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Avnet has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 8,204a | N/A | 8,219a | |
Total Scope 2 | ||||
Market-Based | 17,729a | N/A | 19,793a | |
Location-Based | 23,939a | N/A | 25,510a | |
Total Scope 3 | 5,089,725a | N/A | 5,514,475a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.3453a | N/A | 0.3381a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Avnet amounted to 32,143 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Avnet decreased by 4.7%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Avnet were 8,204 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Avnet's Scope 1 emissions have increased by 131.1%, reflecting a rising long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2022), Avnet's Scope 1 emissions remained relatively stable, indicating that Avnet's emissions have plateaued with no significant change in its operational footprint.a
In 2024, Avnet reported Scope 2 greenhouse gas (GHG) emissions of 17,729 tCO₂e using the market-based method and 23,939 tCO₂e using the location-based method.a
Since 2019, Avnet's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 49.21%, reflecting a declining long-term trend in Scope 2 emissions over time.ab
Compared to the previous year (2022), Avnet's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Avnet's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Avnet reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Avnet reported 5,089,725 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Avnet includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Avnet reported total Scope 3 emissions of 5,089,725 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 99.53% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.47% came from downstream activities like product use, distribution, and end-of-life treatment.a
Compared to the previous year (2022), Avnet's Scope 3 emissions remained relatively stable, indicating that Avnet's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Avnet reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
In 2024, the largest contributors to Avnet's Scope 3 emissions were:a
In 2024, Avnet reported Scope 1 greenhouse gas (GHG) emissions of 8,204 tCO₂e and total revenues of USD 23,759 millions. This translates into an emissions intensity of 0.35 tCO₂e per millions USD.a
In 2024, Avnet reported a Scope 1 emissions intensity of 0.35 tCO₂e per millions USD. Compared to the peer group median of 0.35, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Avnet ranked 13 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
Avnet is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
In 2024, Avnet reported a total carbon footprint of 5,121,868 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.68% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Avnet's total carbon footprint was Scope 3 emissions, accounting for 99.37% of the company's total carbon footprint, followed by Scope 2 emissions at 0.47%.a