AUSTIN,
Texas, Sept. 6, 2023 /PRNewswire/ -- Flex
(NASDAQ: FLEX) today published its 2023 sustainability report,
highlighting the company's global sustainability activities,
performance, and results from calendar year 2022. The report
reveals Flex's progress toward its 2030 sustainability goals to
reduce its environmental impact, invest in local communities,
advance a safe, inclusive, and respectful workplace, drive
responsible, ethical business practices and accelerate a more
sustainable value chain in partnership with customers and
suppliers.
Prepared in accordance with the Global Reporting Initiative
(GRI) Standards, the Flex 2023 sustainability report can be
read here:
https://flex.com/downloads/2023-sustainability-report
"The strides we've made toward our long-term commitments is a
testament to our 170,000 employees' ongoing dedication and
contributions, and collaboration with our suppliers and customers,"
said Kyra Whitten, Senior Vice
President, Corporate Marketing, Communications, and Sustainability
at Flex. "Sustainability is an ongoing journey, and we will
continue to further embrace sustainable, responsible manufacturing
practices as we build great products for our customers, deliver
stakeholder value, and do our part to help address broader
environmental and social call-to-actions for current and future
generations."
2022 sustainability accomplishments
- 27 percent decrease in absolute scope 1 and 2 greenhouse
gas emissions from 2019 baseline year1
- 100 percent of major sites2 partnered with a
local non-governmental organization
- 17 percent reduction in safety incident rate year over
year
- 100 percent of employees had access to emotional /
mental health programs
- 35 percent of preferred suppliers and 64 percent
of specified customers3 had greenhouse gas emissions
reduction and science-based targets, respectively
- Released first Task force on Climate-Related Financial
Disclosures (TCFD) report to share the company's approach to
TCFD's key areas of governance, strategy, risk management, metrics
and targets
In 2022, Flex received accolades and awards for its
sustainability and ESG leadership and performance,
including receiving a Manufacturing Leadership Award for its
2030 sustainability strategy and commitments, Business Intelligence
Group's Initiative of the Year for its Supplier Greenhouse Gas
Emissions Reduction Program and Cisco's Excellence in
Sustainability Award, among others. Additionally, the company was
named to CDP's supplier engagement leaderboard and A-List for water
security for the second and third consecutive year, respectively,
and included in the S&P Global's Sustainability
Yearbook for the fourth year in a row.
About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of
choice that helps a diverse customer base design and build products
that improve the world. Through the collective strength of a global
workforce across 30 countries and responsible, sustainable
operations, Flex delivers technology innovation, supply chain, and
manufacturing solutions to diverse industries and end markets.
Contacts
Media & Press
Jessica Anderson
Director, Corporate Integrated Marketing & Communications
(408) 577-4789
Jessica.Anderson@flex.com
Investors & Analysts
David Rubin
Vice President, Investor Relations
(408) 577-4632
David.Rubin@flex.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of U.S. securities laws. All statements other than
statements of historical or current facts, including statements
regarding our future business expectations and our environmental
and other sustainability plans and goals and
related timeframes, made in this document are forward-looking.
Because these forward-looking statements are subject to risks and
uncertainties, actual results could differ materially from the
expectations expressed in the forward-looking statements. Important
factors that could cause actual results to differ materially from
the expectations reflected in the forward-looking statements
include those described in Item 1A, "Risk Factors" and Item 7,
"Management's Discussion and Analysis of Financial Condition and
Results of Operations" in our Annual Report on Form 10-K for the
fiscal year ended March 31, 2023, and
in our Quarterly Reports on 10-Q and Current Reports on Form 8-K
that we file with the U.S. Securities and Exchange Commission. In
addition, new risks emerge from time to time and it is not possible
for management to predict all such risk factors or to assess the
impact of such risk factors on our business. Given these risks and
uncertainties, the reader should not place undue reliance on these
forward-looking statements. We undertake no obligation to update or
revise these forward-looking statements to reflect subsequent
events or circumstances.
1 The target
boundary includes biogenic emissions and removals from bioenergy
feedstocks. Absolute Scope 1 and 2 market-based
emissions.
|
2 Sites with
1,000 or more employees.
|
3 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.
|
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SOURCE Flex