Flex

Flex's reported carbon emissions

Flex, an organisation in the Electrical machinery and apparatus n.e.c. (31) industry headquartered in the US, reported significant carbon emissions in 2024. The company's total emissions for the year were approximately 148.1 billion kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions for 2024 amounted to approximately 78.9 million kg CO2e. Scope 2 emissions, using the market-based approach, were approximately 417.6 million kg CO2e. The most substantial portion of Flex's footprint comes from Scope 3 emissions, totalling an estimated 147.08 billion kg CO2e. Within Scope 3, the use of sold products was the largest contributor, accounting for approximately 143.86 billion kg CO2e, followed by purchased goods and services at roughly 2.5 billion kg CO2e. Flex has established ambitious climate commitments. The company aims to reduce its absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030, using 2019 as the baseline year. Furthermore, Flex is committed to achieving net-zero GHG emissions across its operations by 2040. Progress towards these targets has been tracked: in 2024, Flex reported a 43% reduction in absolute Scope 1 and 2 GHG emissions compared to the 2019 baseline year. By 2022, Scope 1 and 2 emissions had decreased by 14% from the 2019 baseline. The company's Scope 2 emissions for 2023 were approximately 503.6 million kg CO2e (market-based), and in 2022, they were approximately 555 million kg CO2e (market-based). Emissions data for earlier years also shows significant figures, such as approximately 81.6 million kg CO2e for Scope 1 and 675 million kg CO2e for Scope 2 (market-based) in 2021, and approximately 76.4 million kg CO2e for Scope 1 and 628 million kg CO2e for Scope 2 (market-based) in 2020.