LONDON, April 17, 2013 /PRNewswire/ --
Premier Farnell has today been recognised with the highest ranking in Business in the Community's annual benchmark of responsible business management, the Corporate Responsibility Index (CR Index).
It is the fourth year in a row that Premier Farnell has been included at Platinum in the Index, but it has now progressed even further with this new award. The company was announced as a Platinum Big Tick company, a new banding in the Index for 2013, designed to challenge leading companies with 'stretch questions' on topics such as their long-term planning and the unique contribution their business can make to create transformational change and a sustainable economy.
Achieving Platinum Big Tick means that Premier Farnell has demonstrated it is thinking about how global mega trends, such as population growth and resource scarcity, are affecting the future strategy of the business. The banding is an indication it is making long-term investments to improve or launch new environmentally and socially sound products and services, and is embedding responsible values throughout the workforce.
"Addressing social and environmental concerns is all part of being a sustainable business - one that will enjoy long-term success to the benefit of all of its stakeholders," said Steven Webb, Company Secretary, Premier Farnell. "Our Core Values include keeping customers and suppliers at the heart of everything we do, working together, being innovative, developing our people, and integrity and trust. These values underpin all our business activity. Achieving Platinum Big Tick status in the BiTC Corporate Responsibility Index is a huge achievement for us and shows our commitment to being a sustainable business.
"The recognition closely follows our award in March by the Ethisphere Institute as one of the World's Most Ethical Companies."
Notes to Editors
About Premier Farnell
"Newark element14 is a high-service distributor of technology products and solutions for electronic system design, maintenance and repair including an extensive range of development kits, capacitors, resistors, connectors, switches / relays, semi conductors and cables."
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Global Head of PR
Premier Farnell plc
SOURCE Newark element14