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Flex Releases its 2024 Sustainability Report
September 13, 2024 | FlexEstimated reading time: 1 minute
Flex 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.
"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% decrease in absolute scope 1 and 2 greenhouse gas emissions (GHG) from our 2019 baseline1
- 25% of electricity usage powered by renewable energy2
- 100% of major sites3 continued to partner with a local non-governmental organization
- 20% reduction in safety incident rate year-over-year
- 51% 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.
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