Arrow Electronics Issues Inaugural Environmental, Social, and Governance Report

Rhea-AI Summary

Arrow Electronics (NYSE:ARW) has released its first Environmental, Social, and Governance (ESG) report, detailing performance metrics for 2021 and future goals. The report aims to integrate ESG into all operations to enhance corporate value and community impact. With $34 billion in sales for 2021, Arrow emphasizes its role in innovation, supporting over 220,000 technology manufacturers and service providers. The commitment to corporate citizenship is underscored by the company's leadership in tackling economic, social, and environmental challenges.

Positive

• Inaugural ESG report highlights commitment to corporate citizenship.
• Sales reached $34 billion in 2021, indicating strong market presence.
• Focus on integrating ESG into operations for enhanced value.

Negative

• None.

-- Details Diversity and Carbon Reduction Goals --

CENTENNIAL, Colo.--(BUSINESS WIRE)-- Arrow Electronics, Inc. (NYSE:ARW) announced the release of its inaugural Environmental, Social and Governance (ESG) report today, at www.arrow.com/esg. The report expands on prior Corporate Social Responsibility (CSR) reports and details ESG performance in 2021 as well as goals for 2022 and beyond.

“We are proud to release Arrow’s inaugural ESG report, showcasing our accountability for corporate citizenship that advances Arrow’s business strategy,” said Gretchen K. Zech, Chief Governance, Sustainability, and Human Resources Officer. “We recognize our unique position as an enabler of innovation and understand that our public commitments and actions have the potential to help address some of the world’s most pressing economic, social, and environmental challenges.”

The report underscores the company’s broader, strategic initiative to further integrate ESG in all aspects of operation to add greater value to the company and global community.

Arrow Electronics guides innovation forward for over 220,000 leading technology manufacturers and service providers. With 2021 sales of $34 billion, Arrow develops technology solutions that improve business and daily life. Learn more at fiveyearsout.com.

Category: Investor Relations, ESG, CSR

View source version on businesswire.com: https://www.businesswire.com/news/home/20220330005292/en/

Contact:

Lara Hussain

Director, ESG

303-305-4943

Media Contact:

John Hourigan

Vice President, Global Communications

303-824-4586

Source: Arrow Electronics, Inc.

FAQ

What is Arrow Electronics' ESG report about?

Arrow Electronics' ESG report outlines its performance metrics for 2021 and sets goals for future environmental, social, and governance efforts.

When was the ESG report released by Arrow Electronics?

The ESG report was released on March 30, 2022.

How much did Arrow Electronics earn in sales in 2021?

Arrow Electronics reported $34 billion in sales for the year 2021.

What is the significance of Arrow's ESG report for investors?

The ESG report demonstrates Arrow's commitment to sustainability and accountability, which can enhance long-term value for investors.

What goals are highlighted in Arrow Electronics' ESG report?

The report outlines Arrow's goals for integrating ESG principles into its operations beyond 2021.