Flex Releases Its 2024 Sustainability Report
Flex (NASDAQ: FLEX) today published its 2024 sustainability report, highlighting the company's global sustainability performance and progress from calendar year 2023. Flex's 2030 sustainability strategy, goals and initiatives focus on minimizing the company's environmental impact, creating a safe, inclusive, and respectful work environment, investing in communities, driving ethical practices with transparency, and accelerating a more sustainable value chain in partnership with customers and suppliers.
View Flex's 2024 sustainability report prepared in accordance with the Global Reporting Initiative (GRI) Standards: https://flex.com/downloads/2024-sustainability-report
"Taking meaningful steps forward on our sustainability journey and toward our goals is made possible through the contributions of our talented, passionate global workforce and valued partnerships with our customers and suppliers," said Kyra Whitten, Senior Vice President, Corporate Marketing, Communications, and Sustainability at Flex. "As an advanced, end-to-end global manufacturer, we remain committed to embedding sustainability into our practices as we design, source, build, deliver and manage our customers' products."
2023 sustainability accomplishments
- 33 percent decrease in absolute scope 1 and 2 greenhouse gas emissions (GHG) from our 2019 baseline1
- 25 percent of electricity usage powered by renewable energy2
- 100 percent of major sites3 continued to partner with a local non-governmental organization
- 20 percent reduction in safety incident rate year-over-year
- 51 percent of preferred suppliers and 80 percent of specified customers4 had greenhouse gas emissions reduction and science-based targets, respectively
Flex was also recognized for its sustainability leadership and performance, receiving a 2023 Manufacturer of the Year Award from the Manufacturing Leadership Council and National Association of Manufacturers for best-in-class achievement and transformational leadership to drive a new era of advanced, sustainable manufacturing, Ethisphere's World's Most Ethical Company® recognition for the second year in a row, and a FT-Nikkei Statista Asia-Pacific Climate Leader recognition, among others. Additionally, the company maintained an A- CDP score for Climate Change and an AA rating from Morgan Stanley Capital International (MSCI), acknowledging global industry leadership in managing financially relevant sustainability risks and opportunities.
1 The target boundary includes biogenic emissions and removals from bioenergy feedstocks.
2 Percent of renewable energy is considering purchased and on-site generation divided by the total of electricity used for tracking sites.
3 Sites with more than 1,000 employees.
4 Flex committed that 70% of customers as measured by emissions covering purchased goods and services, capital goods, and use of sold products will have science-based targets by 2025. 