Impact materiality assessments help businesses analyze which issues are the most important to their key stakeholders to help them develop their strategies. Avnet conducted its first comprehensive impact materiality assessment1 in 2020 to map key non-financial and sustainability indicators important to both our business and stakeholders. The process included three key phases:
- Landscape assessment
- Stakeholder mapping
- Topic analysis and prioritization
The impact materiality matrix showed findings and highlights on each topic by focus area. The five topics that ranked highest in the materiality assessment are:
- Occupational health and safety (including COVID-19 response)
- Ethics and compliance
- Climate
- Inclusion
- Economic performance
Avnet determined that four of the top five are integral to our strategic sustainability road map. Because the fifth area, economic performance, is an outcome of all our business activities, it was not addressed as an individual materiality factor in our sustainability strategy. Although health and safety scored the highest—the assessment was performed during the pandemic—the focus was already heightened to keep all our employees safe.
Avnet's highest-ranking impact materiality topics
Consistently, both internal and external stakeholders gave high rankings to ethics and compliance as well as occupational health and safety. External stakeholders ranked climate higher than internal stakeholders did. Both our internal and external stakeholders ranked D&I as a high priority. Going forward the results of the impact materiality assessment inform Avnet’s sustainability strategy, shape decision-making and refine disclosures.
Avnet performed a double materiality assessment in 2025 and will share the results in its upcoming FY26 Impact and Resiliency Report.
1Our impact materiality assessment and analysis was designed to identify the most relevant, or material, issues from a sustainability perspective, which is a broader standard than that used in our financial disclosures. The use of “material” or “salient” when referring to sustainability topics or risks throughout our sustainability reporting is intended to flag the most important issues from our assessment and does not speak to the materiality of those issues to Avnet.
