Flex
Flex, officially known as Flex Ltd., is a leading global provider of manufacturing and supply chain solutions, headquartered in Singapore (SG). Founded in 1969, the company has established a strong presence in various operational regions, including North America, Europe, and Asia. Flex operates primarily in the electronics and technology sectors, offering a diverse range of services such as design, engineering, and logistics. With a commitment to innovation, Flex is renowned for its advanced manufacturing capabilities and sustainable practices, setting it apart in a competitive market. The company has achieved significant milestones, including strategic acquisitions and partnerships that enhance its service offerings. Flex's dedication to quality and efficiency has solidified its position as a trusted partner for many Fortune 500 companies, making it a key player in the global supply chain landscape.
DitchCarbon Score
How does Flex's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Electrical Machinery Manufacturing industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Flex's score of 63 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Flex's reported carbon emissions
In 2023, Flex Ltd., headquartered in Singapore (SG), reported significant carbon emissions across various regions. The total emissions for Scope 1 amounted to approximately 83,630,000 kg CO2e, while Scope 2 emissions were reported at about 503,628,000 kg CO2e (market-based). Notably, Flex has committed to reducing its absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030, using 2019 as the baseline year. This ambitious target is part of their broader strategy to achieve net zero GHG emissions by 2040. Flex's emissions data reflects a commitment to transparency and accountability, with specific targets set under the Science Based Targets initiative (SBTi). The company aims for 70% of its customers, covering emissions from purchased goods and services, capital goods, and the use of sold products, to have science-based targets by 2025. In addition to these commitments, Flex has reported a 14% decrease in absolute Scope 1 and 2 emissions from the 2019 baseline by 2021, demonstrating progress towards their reduction goals. The company is actively working towards reducing emissions to near zero by the middle of this decade, further solidifying its commitment to sustainability and climate action.
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| 2009 | 2010 | 2011 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 118,930,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,251,884,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Flex is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
