Flex publishes its 2024 sustainability report FLEX stock news

Austin, Texas, September 12, 2024 /PRNewswire/ — flex (NASDAQ: FLEX) today released its 2024 Sustainability Report, which highlights the company’s global sustainability performance and progress through calendar year 2023. The 2030 sustainability strategy, goals and initiatives of Flex focus on minimizing the company’s environmental impact, creating a safe, inclusive and respectful work. environment, investing in communities, driving ethical practices with transparency, and accelerating more sustainable value chains in partnerships with customers and suppliers.

View Flex’s 2024 Sustainability Report, prepared in accordance with the Global Reporting Initiative (GRI) standards: https://flex.com/downloads/2024-sustainability-report

“Making meaningful steps forward in our sustainability journey toward our goals is possible through the engagement of a talented and passionate global workforce and valuable partnerships with our customers and suppliers,” said Kyra Whitten, Senior Vice President of Corporate Marketing, Communications. “Sustainability at Flex. As a leading end-to-end global manufacturer, we remain committed to embedding sustainability into our practices as we design, source, manufacture, deliver and manage our customers’ products.”

Sustainability achievements 2023

• 33% reduction in absolute range 1 and 2 greenhouse gas (GHG) emissions compared to our 2019 baseline¹
• 25% of electricity consumption is provided by renewable energy²
• 100% of original sites³ Continued to work with a local NGO
• 20% reduction in the rate of safety incidents compared to last year
• 51% of preferred suppliers and 80% of specified customers⁴ respectively, reduction of greenhouse gas emissions and science-based goals

Flex was also recognized for its sustainability leadership and performance, receiving the 2023 Manufacturer of the Year Award from the Manufacturing Leadership Council and the National Association of Manufacturers for best-in-class achievement and transformational leadership to drive a new era of advanced and sustainable manufacturing. Ethisphere, the world’s most ethical company® recognition for the second year in a row, and recognition by FT-Nikkei Statista Asia Pacific, Climate Leader, among others. In addition, the company maintains an A-CDP rating for climate change and an AA rating from Morgan Stanley Capital International (MSCI), confirming global industry leadership in managing risks and related financial sustainability opportunities.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice, helping diverse customers design and build products that improve the world. Through the collective strength of a global workforce in 30 countries and responsible and sustainable operations, Flex delivers technological innovations, supply chain and manufacturing solutions to various industries and end markets.

Contacts
Investors and analysts
David Rubin
Vice President of Investor Relations
(408) 577-4632
David.Rubin@flex.com

Media and press
Jessica Anderson
Director of Marketing and Integrated Corporate Communications
(408) 577-4789
Jessica.Anderson@flex.com

Forward-looking statements
This press release contains forward-looking statements in the meaning United States Securities laws All statements in this press release are forward-looking, other than statements of historical or current fact, including statements about our future business expectations and our environmental and other sustainability plans and goals and related time frames. Because these forward-looking statements are subject to risks and uncertainties, actual results may differ materially from the expectations expressed in the forward-looking statements. Important factors that could cause actual results to differ materially from the expectations reflected in the forward-looking statements include those described in Item 1A, “Risk Factors” and Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” is Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and in our subsequent filings with United States Securities and Exchange Commission. In addition, new risks emerge from time to time, and management cannot predict all of these risk factors or evaluate the impact of these risk factors on our business. Given these risks and uncertainties, the reader should not place undue reliance on these forward-looking statements. We undertake no obligation to update forward-looking statements, which speak only as of the date they are made.

¹ The target boundary includes biogenic emissions and removal from bioenergy feedstocks.
² The percentage of renewable energy is the consideration of purchased and on-site production divided by the total electricity used to track sites.
³ Sites with more than 1000 employees.
⁴ Flex undertook this 70% Customers will have science-based goals by 2025 regarding the release of purchased goods and services, capital goods, and the use of products sold.

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