Avnet Inc

Common Name
Avnet
Country
United States
Sector
Technology
Industry
Electronics & Computer Distribution
Employees
15,462
Ticker
AVT
Exchange
NASDAQ/NGS
Description
Avnet Inc. is a global distributor of electronic components and embedded solutions. Its primary function is to supply a vast array of components including semiconductors, interconnect products, and pa...

Avnet's GHG Emissions Data Preview

In 2022, 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 6 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2022202120202019 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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0000000
Location-Based
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Avnet’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Avnet’s data sources below and access millions more through our Disclosure Search.

a. Avnet's Sustainability Report 2023
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b. Avnet's Sustainability Report 2021
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Insights into Avnet's Operational Emissions

In 2022, the total operational greenhouse gas (GHG) emissions of Avnet amounted to 33,729 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 2021, the total operational greenhouse gas (GHG) emissions of Avnet decreased by 8.89%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Avnet's Scope 1 Emissions Over Time

2018201920202021202202.5 k5 k7.5 k10 ktCO2e-32%+93%-5%+25%
  • Total Scope 1
  • Year-over-Year Change

What are Avnet's Scope 1 emissions?

In 2022, the total Scope 1 emissions of Avnet were 8,219 metric tons of CO₂ equivalent (tCO₂e). a

Has Avnet reduced its Scope 1 emissions over time?

Since 2018, Avnet's Scope 1 emissions have increased by 57.06%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2021), Avnet's Scope 1 emissions increased by 25.37%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Avnet's Scope 2 emissions?

In 2022, Avnet reported Scope 2 greenhouse gas (GHG) emissions of 19,793 tCO₂e using the market-based method and 25,510 tCO₂e using the location-based method. a

Has Avnet reduced its Scope 2 emissions over time?

Since 2018, Avnet's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 53.11%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2021), Avnet's Scope 2 emissions (Location-Based) fell by 16.26% in 2022, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Avnet use for Scope 2 reporting?

In 2022, Avnet reported its Scope 2 emissions using the market-based method and using the location-based method. a

Avnet's Scope 2 Emissions Over Time

20182019202020212022015 k30 k45 k60 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Avnet's Value Chain Emissions

In 2022, Avnet reported 55,218 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 2022 disclosure of Avnet includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2021, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

Avnet's Scope 3 Emissions Over Time

202020212022015 k30 k45 k60 ktCO2e+13%+11%
  • Total Scope 3
  • Year-over-Year Change

What are Avnet's Scope 3 emissions?

In 2022, Avnet reported total Scope 3 emissions of 55,218 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2021), Avnet's Scope 3 emissions increased by 11.09%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does Avnet disclose?

In 2022, Avnet reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Avnet's Scope 3 emissions?

In 2022, the largest contributors to Avnet's Scope 3 emissions were: a

  • Upstream Transportation and Distribution (Cat. 4): 20,383 tCO₂e (36.91%)
  • Downstream Transportation and Distribution (Cat. 9): 16,972 tCO₂e (30.74%)
  • Business Travel (Cat. 6): 9,127 tCO₂e (16.53%)

Avnet's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(16.5%)DownstreamTransportation andDistribution(Cat. 9)(30.7%)UpstreamTransportation andDistribution(Cat. 4)(36.9%)

Insights into Avnet’s GHG Emissions Intensity Compared to Industry Peers

In 2022, Avnet reported Scope 1 greenhouse gas (GHG) emissions of 8,219 tCO₂e and total revenues of USD 24,309 millions. This translates into an emissions intensity of 0.34 tCO₂e per millions USD. a

Avnet's Scope 1 Emissions Intensity Compared to Peers

2002,00020,000200,0005,000,000Scope 1 Emissions (tCO2e)1,0002,00010,00050,000200,000Revenues (Millions of USD)CorningYear: 2023Scope 1: 737,593 tCO2eRevenue: $M 12,588Scope 1 Intensity: 58.59 tCO2e/$MSuper Micro ComputerYear: 2022Scope 1: 4,223 tCO2eRevenue: $M 5,196Scope 1 Intensity: 0.81 tCO2e/$MLeidos HoldingsYear: 2022Scope 1: 28,183 tCO2eRevenue: $M 14,396Scope 1 Intensity: 1.96 tCO2e/$MCognizant Technology SolutionsYear: 2024Scope 1: 8,639 tCO2eRevenue: $M 19,737Scope 1 Intensity: 0.44 tCO2e/$MWestern DigitalYear: 2024Scope 1: 144,046 tCO2eRevenue: $M 13,003Scope 1 Intensity: 11.08 tCO2e/$MTexas InstrumentsYear: 2024Scope 1: 1,016,000 tCO2eRevenue: $M 15,641Scope 1 Intensity: 64.96 tCO2e/$MRoper TechnologiesYear: 2024Scope 1: 3,745 tCO2eRevenue: $M 7,039Scope 1 Intensity: 0.53 tCO2e/$MArista NetworksYear: 2023Scope 1: 2,284 tCO2eRevenue: $M 5,861Scope 1 Intensity: 0.39 tCO2e/$MCACI InternationalYear: 2023Scope 1: 4,012 tCO2eRevenue: $M 6,703Scope 1 Intensity: 0.60 tCO2e/$MServiceNowYear: 2023Scope 1: 2,430 tCO2eRevenue: $M 8,970Scope 1 Intensity: 0.27 tCO2e/$MSanminaYear: 2021Scope 1: 137,418 tCO2eRevenue: $M 6,738Scope 1 Intensity: 20.39 tCO2e/$MKLAYear: 2024Scope 1: 6,523 tCO2eRevenue: $M 9,812Scope 1 Intensity: 0.66 tCO2e/$MCDWYear: 2023Scope 1: 3,538 tCO2eRevenue: $M 21,378Scope 1 Intensity: 0.17 tCO2e/$MKyndryl HoldingsYear: 2024Scope 1: 33,890 tCO2eRevenue: $M 16,052Scope 1 Intensity: 2.11 tCO2e/$MLam ResearchYear: 2023Scope 1: 190,124 tCO2eRevenue: $M 17,428Scope 1 Intensity: 10.91 tCO2e/$MMotorola SolutionsYear: 2024Scope 1: 14,181 tCO2eRevenue: $M 10,817Scope 1 Intensity: 1.31 tCO2e/$MConcentrixYear: 2023Scope 1: 10,708 tCO2eRevenue: $M 7,115Scope 1 Intensity: 1.51 tCO2e/$MAmphenolYear: 2023Scope 1: 41,395 tCO2eRevenue: $M 12,555Scope 1 Intensity: 3.30 tCO2e/$MScience Applications InternationalYear: 2023Scope 1: 715 tCO2eRevenue: $M 7,445Scope 1 Intensity: 0.10 tCO2e/$MAnalog DevicesYear: 2023Scope 1: 138,000 tCO2eRevenue: $M 12,305Scope 1 Intensity: 11.21 tCO2e/$MIntelYear: 2023Scope 1: 845,000 tCO2eRevenue: $M 54,228Scope 1 Intensity: 15.58 tCO2e/$MArrow ElectronicsYear: 2023Scope 1: 13,300 tCO2eRevenue: $M 33,109Scope 1 Intensity: 0.40 tCO2e/$MAdobeYear: 2023Scope 1: 7,649 tCO2eRevenue: $M 19,409Scope 1 Intensity: 0.39 tCO2e/$MQualcommYear: 2023Scope 1: 80,589 tCO2eRevenue: $M 35,821Scope 1 Intensity: 2.25 tCO2e/$MTD SynnexYear: 2023Scope 1: 11,767 tCO2eRevenue: $M 57,568Scope 1 Intensity: 0.20 tCO2e/$MAvnetYear: 2022Scope 1: 8,219 tCO2eRevenue: $M 24,309Scope 1 Intensity: 0.34 tCO2e/$M

How does Avnet's GHG emissions intensity compare to its peers?

In 2022, Avnet reported a Scope 1 emissions intensity of 0.34 tCO₂e per millions USD. Compared to the peer group median of 1.31, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Avnet rank on GHG emissions intensity within its industry?

In 2022, Avnet ranked 5 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Avnet among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Avnet's Total Carbon Footprint

In 2022, Avnet reported a total carbon footprint of 88,947 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 2.56% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Avnet's total carbon footprint was Scope 3 emissions, accounting for 62.08% of the company's total carbon footprint, followed by Scope 2 emissions at 28.68%. a

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