SAN JOSE, Calif., June 22, 2021 /PRNewswire/ -- Flex (NASDAQ: FLEX)
today released its 2021 sustainability report, summarizing the
company's calendar year 2020 sustainability performance and results
against the Flex 20 by 2020 goals. The report demonstrates Flex's
commitment to sustainable manufacturing operations, providing a
safe environment for employees, applying responsible business
practices and contributing to its communities during an
unparalleled year. Prepared in accordance with the GRI Standards:
Core option, the Flex 2021 sustainability report can be viewed
at https://flex.com/company/our-sustainability/reports-and-disclosures.
In 2020, the company concluded its Flex 20 by 2020 strategy and
goals in alignment with the United Nations Sustainable Development
Goals and UN Global Compact's ten principles. In total, Flex met 16
of its 20 goals across focus areas including people, community,
environment, integrity and supply chain.
2020 key highlights
- 92% growth in renewable energy use year over year
- 21% reduction in incident rate year over year
- Screened 100% of new global suppliers using social and
environmental criteria
- Conducted in-person Code of Business Conduct and Ethics
training at 100% of Flex sites with direct labor employees
In response to the COVID-19 pandemic, the Flex Foundation, the
company's nonprofit charity arm, supported the relief efforts of a
number of nonprofits globally. These partnerships included the
Solidarity Response Fund – World Health Organization. In 2020, the
Flex Foundation provided financial contributions, grants and mask
donations across 33 local projects in 12 countries, benefiting an
estimated 200,000 people. Additionally, the company donated 16.5
million Flex-made masks to employees and surrounding
communities.
In 2020, Flex was recognized as an FTSE4Good Index Series
constituent for the fifth consecutive year, received an A and A-
rating from CDP (formerly Carbon Disclosure Project) for its
disclosures in water security and climate change, respectively, and
maintained the highest disclosure and transparency scores from
Institutional Shareholder Services, among other accolades for its
sustainability efforts.
"Sustainability is at the core of what we do to not only
responsibly build great products for our customers, but also do our
part in contributing to a healthier future. 2020 was a year unlike
any other, and I am incredibly proud of the dedication, resiliency
and adaptability demonstrated by our global workforce to help us
meet many of our Flex 20 by 2020 goals and support our communities
throughout the COVID-19 pandemic," said Kyra Whitten, vice president, Marketing,
Communications and Sustainability at Flex. "Continuing our
purposeful journey, we are well positioned to scale proven best
practices, apply invaluable lessons learned and drive more
transparency to advance our long-term vision of sustainability and
help our customers achieve their sustainability aspirations."
2030 sustainability strategy and goals
Building on
nearly 20 years of sustainability experience and investment, Flex
refreshed its sustainability strategy and framework and
announced its most ambitious goals yet in 2021. As part of its
strategy, the company is committed to significantly lowering
emissions through science-based targets in partnership with
suppliers and customers, investing in its communities, advancing a
safe, inclusive and respectful work environment for all and driving
ESG-compliant practices with transparency. Flex will begin
reporting progress on its 2030 goals in 2022. Visit
https://flex.com/resources/2030-sustainability-goals to learn
more.
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
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SOURCE Flex