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.
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.
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.
Flex's score of 63 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Flex Ltd., headquartered in Singapore (SG), reported significant carbon emissions across various scopes. The company disclosed Scope 1 emissions of approximately 83,630,000 kg CO2e and Scope 2 emissions of about 503,628,000 kg CO2e globally. In the US, Scope 1 emissions were about 16,172,000 kg CO2e, while Scope 2 emissions reached approximately 29,142,000 kg CO2e. In the UK, Scope 1 emissions totalled around 597,000 kg CO2e, with Scope 2 emissions at about 5,590,000 kg CO2e. Flex has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030 from a 2019 baseline. This target is supported by the Science Based Targets initiative (SBTi) and includes a commitment that 70% of its customers, covering purchased goods and services, capital goods, and use of sold products, will have science-based targets by 2025. Additionally, Flex has pledged to achieve net zero greenhouse gas emissions by 2040. The company has made progress towards its goals, reporting a 14% decrease in absolute Scope 1 and 2 emissions from the 2019 baseline by 2021. Flex's commitment to sustainability is further underscored by its ongoing initiatives to reduce emissions across all scopes, with a focus on achieving near-zero emissions for Scope 1 and 2 by 2025.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.