Flex Unveils Its 2024 Sustainability Achievements in Report

Flex Unveils 2024 Sustainability Report

Flex (NASDAQ: FLEX) has officially released its 2024 sustainability report, focusing on their environmental impact and community initiatives. The report highlights the company's performance and progress made throughout the last year. It aligns with Flex's commitment to sustainability, outlining goals and strategies aimed at reducing their overall environmental footprint while fostering a culture of inclusivity and responsible governance.

Sustainability Strategy and Goals

According to Flex's management, the 2030 sustainability strategy is designed to address several critical areas. These include reducing greenhouse gas emissions, utilizing renewable energy sources, and enhancing workplace safety. Flex aims to collaborate extensively with customers and suppliers, driving a sustainable value chain that reflects shared values and responsibilities.

Key Achievements in 2023

Flex has made notable advancements in various sustainability initiatives over the past year. Some of the standout accomplishments include:

• A 33% reduction in absolute greenhouse gas emissions from 2019 levels.
• Renewable energy now powers 25% of the company's electricity usage.
• All major operational sites maintained partnerships with local NGOs to promote community engagement.
• There was a 20% decrease in the safety incident rate, demonstrating Flex's commitment to employee safety.
• 51% of preferred suppliers and 80% of significant customer relationships achieved science-based emissions reduction targets.

Acknowledgments and Recognition

The company received accolades for their sustainability leadership, including the prestigious 2023 Manufacturer of the Year Award. This recognition came from key industry bodies for their transformational efforts in sustainable manufacturing. Flex has also been named one of Ethisphere's World's Most Ethical Companies for two consecutive years, indicating a consistent dedication to ethical business practices and transparency.

Commitment to Global Standards

Flex not only follows the best practices within the industry but also excels in sustainability reporting. They prepared their latest report in accordance with the Global Reporting Initiative (GRI) standards, ensuring a transparent overview of their environmental and social governance activities. This adherence to global benchmarks reinforces their commitment to sustainable practices across the board.

About Flex

Flex is recognized as a leader in manufacturing solutions, partnering with a diverse range of customers to design and construct products that benefit society. With operations in over 30 countries, the company operates sustainably while continuously innovating in technology and supply chain management.

Frequently Asked Questions

What is the primary focus of Flex's 2024 Sustainability Report?

Flex's 2024 Sustainability Report emphasizes their commitment to reducing environmental impact and promoting a safe, inclusive workplace.

Which achievements did Flex accomplish in its sustainability efforts?

The company reported a 33% reduction in greenhouse gas emissions since 2019 and increased its renewable energy usage by 25%.

What awards has Flex received for its sustainability practices?

Flex received the 2023 Manufacturer of the Year Award and was recognized as one of Ethisphere's World's Most Ethical Companies.

How does Flex report its sustainability performance?

Flex prepares its sustainability report in alignment with the Global Reporting Initiative (GRI) standards to ensure transparency and accountability.

What is the mission of Flex as a manufacturing partner?

Flex aims to help customers design and build sustainable products that positively impact the world while maintaining responsible operations.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.