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TD SYNNEX CORPORATION

(SNX)
  Report
Delayed Nyse  -  04:00:02 2023-02-03 pm EST
104.95 USD   -0.08%
05:26pIntersection, Maverick announce leadership choices
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09:01aTD SYNNEX Named a 2023 Fortune World's Most Admired Company
BU
08:06aTd synnex named a 2023 fortune world's most admired company
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TD SYNNEX ACHIEVES HIGHER ECOVADIS RATING FOR ESG; Latest recognition of measures taken to improve ESG across the company moves TD SYNNEX into top half of EcoVadis Ratings

11/23/2022 | 07:55am EST

Basingstoke -TD SYNNEX (NYSE: SNX) has have recently taken another step towards its sustainability goals, qualifying under the Bronze category and falling into the 50 percent of top performers in the EcoVadis Ratings for environmental, social, and governance (ESG).

The higher ranking has resulted from the extensive work going on right across the TD SYNNEX organisation, said Kevin Wragg, director, environment and quality compliance, UK. "The whole business is putting a lot of effort into making everything we do more sustainable and more ethically and socially responsible. That ranges from running employee business resource groups focusing on LGBTQ+ and diversity and inclusion, and community based activities to refurbishing our premises in Bracknell and sending furniture with a fair market value of more than £25,000 - via redistribution specialist charity, the Waste to Wonder Trust - to the You Are Not Alone Foundation in Ghana as part of that, to signing up for the Science Based Targets initiative (SBTi) at a global level.

"All this is helping us move towards our own goals and making us a more sustainable partner and supplier. That's been reflected in our higher EcoVadis Rating and in many other ways. There is still more to do and in 2023 we will continue our efforts to enhance our status and standing as an environmentally and socially responsible organisation."

EcoVadis is a global scoring company that rates companies on their ESG. The EcoVadis Ratings are trusted globally, and go beyond sustainability and consider other essential factors, such as ethics, environment, labour and human rights, and sustainable procurement. TD SYNNEX scored above the industry standard in all four categories. Its methodology is built on international sustainability standards, including the Global Reporting initiative, the United Nations Global Compact and ISO 26000, covering 200-plus spend categories and 175 plus countries. In the Forrester New Wave(TM): ESG Ratings, Data, And Analytics, Q3 2022 report, EcoVadis was described as 'the best fit for companies that want to track and improve their suppliers' ESG.

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About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We're an innovative partner helping more than 150,000 customers in 100+ countries to maximize the value of technology investments, demonstrate business outcomes and unlock growth opportunities. Headquartered in Clearwater, Florida, and Fremont, California, TD SYNNEX' 22,000 co-workers are dedicated to uniting compelling IT products, services and solutions from 1,500+ best-in-class technology vendors. Our edge-to-cloud portfolio is anchored in some of the highest-growth technology segments including cloud, cybersecurity, big data/analytics, IoT, mobility and everything as a service. TD SYNNEX is committed to serving customers and communities, and we believe we can have a positive impact on our people and our planet, intentionally acting as a respected corporate citizen. We aspire to be a diverse and inclusive employer of choice for talent across the IT ecosystem. For more information, visit www.TDSYNNEX.com or follow us on LinkedIn, Twitter, Facebook and Instagram.

For further information contact:

Linda Patterson

Group Marketing Director

Tech Data UK

Tel: 01256 864611

Mob: 07801 925345

Email: linda.patterson@tdsynnex.com

Neville Street

Channelstar Media

T: 01743 246917

M: 07967 717259

E: nev@channelstar.co.uk

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2023 64 561 M - -
Net income 2023 811 M - -
Net Debt 2023 2 688 M - -
P/E ratio 2023 12,0x
Yield 2023 1,33%
Capitalization 9 930 M 9 930 M -
EV / Sales 2023 0,20x
EV / Sales 2024 0,17x
Nbr of Employees 23 500
Free-Float 84,8%
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Mean consensus BUY
Number of Analysts 10
Last Close Price 104,95 $
Average target price 129,50 $
Spread / Average Target 23,4%
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Managers and Directors
Richard T. Hume President, Chief Executive Officer & Director
Marshall W. Witt Chief Financial Officer
Dennis J. Polk Executive Chairman
Bo Li Senior Vice President-Information Technology
Bonnie K. Smith Chief Information Officer
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