Flex Releases 2023 Sustainability Report

Flex 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, SVP, 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 include:
• 27% decrease in absolute scope 1 and 2 greenhouse gas emissions from 2019 baseline year1
• 100% of major sites2 partnered with a local non-governmental organization
• 17% reduction in safety incident rate year over year
• 100% of employees had access to emotional/mental health programs
• 35% 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.

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.