SAN JOSE, Calif., April 22, 2021 /PRNewswire/ --
Flex (NASDAQ: FLEX) today announced its commitment to
cut operational emissions in half by 2030 as part of the company's
new long-term sustainability strategy. In partnership with
suppliers and customers, Flex has set bold environmental goals to
combat climate change. Aligning scope 1, 2 and 3 emissions
reduction targets, the company has joined the Science Based Targets
initiative (SBTi), the global movement of leading companies working
to reach the Paris Agreement's goal of limiting global temperature
rise to 1.5°C above preindustrial levels. Flex conducted an
exhaustive data analysis of each of the 15 categories of scope 3
emissions as part of its acceptance into the SBTi.
"Environmentally sustainable practices are more critical than
ever before to combating the realities of climate change, driving
supply chain resiliency and realizing greater advanced
manufacturing efficiencies on the factory floor," said Francois Barbier, president, Global Operations.
"Joining the SBTi furthers our commitment to mitigate climate
change through consistent and concerted action across the value
chain. Throughout my tenure at Flex, I've never been more excited
about the future of sustainable manufacturing."
Building on more than 10 years of investment in emissions
reduction and resource-efficient manufacturing processes, Flex is
setting ambitious commitments, which include:
- Reduce absolute scope 1 and 2 greenhouse gas emissions 50% by
2030 from a 2019 base year1
- Require 50% of its preferred suppliers to set greenhouse gas
emissions reduction targets by 2025, and 100% by 2030
- Commit to partner with 70% of customers by emissions covering
purchased goods and services, capital goods and use of sold
products to set science-based targets by 2025
- Achieve zero waste in 50% of its manufacturing & logistics
sites by 2025
- Reduce water withdrawn2 by 5%, focusing on sites
located in water scarce areas, by 2025
"We're proud to partner with our suppliers and customers in our
continued sustainability journey and collectively help address a
growing global issue through meaningful action," continued Mr.
Barbier. "As we live our purpose of making great products for
customers that create value and improve people's lives, we are
committed to doing so in a responsible way that contributes to a
healthier, less resource intensive future for all."
To learn more about Flex's commitment to sustainability, please
visit www.flex.com/sustainability.
About Sustainability at Flex
Guided by its purpose and building on more than a decade of
investment in sustainability, Flex applies an accountable, ethical
approach to doing business. As the advanced manufacturing partner
of choice, Flex drives disciplined practices that stand strong to
help address the world's broader environmental and social
challenges, cultivate a workplace that enhances experiences and
opportunities for its people, and lead with integrity throughout
the value chain. By 2030, Flex, in partnership with customers and
suppliers, is committed to significantly lowering emissions through
science-based targets, investing in its communities, advancing a
safe, inclusive and respectful workplace for all and driving
environmental, social and corporate governance-compliant practices
with transparency. Through these commitments, Flex enables market
leading brands to maintain a competitive, enduring advantage.
Sustainability is in Flex's DNA. Learn more about Flex's 2030
sustainability goals.
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
Sr. 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
1 The target boundary includes biogenic
emissions and removals from bioenergy feedstocks
2 Per revenue
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SOURCE Flex