Flex Environmental Stewardship Performance Earns Prestigious CDP ‘A’ Score for Global Water Security
December 10 2020 - 9:05AM
Business Wire
Flex (NASDAQ: FLEX) today announced that it has been recognized
for corporate sustainability leadership by global environmental
non-profit CDP, securing a place on its prestigious ‘A List’ for
tackling water security. The A score from CDP is a historic first
for the company, affirming Flex’s strong commitment to
environmental stewardship as part of its long-term sustainability
strategy and efforts.
“As part of our company’s mission, we steward sustainable
manufacturing and operations practices to minimize our
environmental impact. This applies to responsibly using and
safeguarding natural resources such as water and consistently
measuring and sharing our progress,” said Kyra Whitten, vice
president, Marketing, Communications & Sustainability at Flex.
“We are deeply proud to have been included in CDP’s A List for the
first time and energized to continue advancing our sustainability
journey as we look to set new, long-term targets in early
2021.”
Environmental stewardship is one of the key focus areas of
Flex’s sustainability strategy. Across its operations, the company
drives programs to help manage and incrementally improve CO2
emissions, renewable energy and waste management, among other
areas, helping to combat climate change and build a better
future.
Paul Simpson, CEO of CDP, said: “We extend our congratulations
to all the companies on this year’s A List. Taking the lead on
environmental transparency and action is one of the most important
steps businesses can make, and is even more impressive in this
challenging year marked by COVID-19. The scale of the risk to
businesses from climate change, deforestation and water insecurity
is enormous, and we know the opportunities of action far outweigh
the risks of inaction. Leadership from the private sector will
create an ‘ambition loop’ for greater government action and ensure
that global ambitions for a net zero sustainable economy become a
reality. Our A List celebrates those companies who are preparing
themselves to excel in the economy of the future by taking action
today.”
Flex is one of a small number of high-performing companies out
of 5,800+ that were scored this year. Through significant
demonstrable action to protect water resources, Flex is leading on
corporate environmental ambition, action and transparency
globally.
CDP’s annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. In 2020, over 515 investors with over US$106 trillion
in assets and 150+ major purchasers with US$4 trillion in
procurement spend requested companies to disclose data on
environmental impacts, risks and opportunities through CDP’s
platform. Over 9,600 responded – the highest ever.
A detailed and independent methodology is used by CDP to assess
these companies, allocating a score of A to D- based on the
comprehensiveness of disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets. Those that don’t disclose or provided
insufficient information are marked with an F.
The full list of companies that made this year’s CDP A List is
available here, along with other publicly available company scores:
https://www.cdp.net/en/companies/companies-scores
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. For
more information, visit flex.com.
About CDP
CDP is a global non-profit that drives companies and governments
to reduce their greenhouse gas emissions, safeguard water resources
and protect forests. Voted number one climate research provider by
investors and working with institutional investors with assets of
US$106 trillion, we leverage investor and buyer power to motivate
companies to disclose and manage their environmental impacts. Over
9,600 companies with over 50% of global market capitalization
disclosed environmental data through CDP in 2020. This is in
addition to the hundreds of cities, states and regions who
disclosed, making CDP’s platform one of the richest sources of
information globally on how companies and governments are driving
environmental change. CDP is a founding member of the We Mean
Business Coalition. Visit https://cdp.net/en or follow us @CDP to
find out more.
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version on businesswire.com: https://www.businesswire.com/news/home/20201210005243/en/
Media & Press Jessica Anderson
Senior Manager, Corporate Communications (408) 577-4789
Jessica.Anderson@flex.com
Investors & Analysts David
Rubin Vice President, Investor Relations (408) 577-4632
David.Rubin@flex.com
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