Industries

Wesco International: Best Sustainable Supply Chain Strategy US 2022

Wesco International pulls from a 100-year legacy to build, connect, power and protect the world. The company was established as the distribution arm of the Westinghouse Electric and Manufacturing Corporation, bringing lighting and electrical products to municipal and business clients across the US. Consumer products were introduced in the 1940s while the following decades marked a period of institutional evolution. The separation of WESCO from Westinghouse in 1993 signalled a turning point in the development of the company. Between 1994 and 1999, Wesco completed several corporate acquisitions and in 1999 the company became publicly traded. In 2020, it acquired Anixter, an industry leader with complimentary capabilities in data communications, security, wire and cable. The Anixter acquisition was a transformational move that expanded Wesco’s global footprint and unlocked new possibilities along the value chain. Today, the new Wesco has emerged as number 200 on The Fortune 500™, with $20bn in annual revenue. Wesco now has more than 18,000 employees in 53 countries and nearly 1.5 million products in the line-up. It continues to fuel growth by focusing on sustainability and a customer-centric business model. As a responsible corporate citizen, Wesco aims to contribute to a more sustainable future through ESG-focused operations and initiatives. It engages with supplier partners to implement increasingly ambitious sustainability standards. In 2021, Wesco achieved a 23 percent reduction in the intensity of greenhouse gas emissions and a three percent improvement in fuel efficiency. It made Bloomberg’s Gender-Equality Index again and was recognised by Barron’s as one of The World’s Most Sustainable Companies. The CFI.co judging panel congratulates Wesco International, the 2022 award winner for Best Sustainable Supply Chain Strategy (US).

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

3 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

1 month ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

1 month ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

1 month ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

1 month ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

1 month ago