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 the year included approximately 83,630,000 kg CO2e for Scope 1 and about 503,628,000 kg CO2e for Scope 2 on a market-based approach. Notably, the company has set ambitious targets to reduce its greenhouse gas emissions. Flex commits to a 50% reduction in absolute Scope 1 and 2 emissions by 2030, using 2019 as the baseline year. This commitment is part of a broader strategy to achieve net zero emissions by 2040. Flex's emissions data also indicates a substantial Scope 3 footprint, with approximately 115,278,100,000 kg CO2e reported globally. 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 terms of recent achievements, Flex has reported a 14% decrease in absolute Scope 1 and 2 emissions from 2019 to 2021, demonstrating progress towards its reduction goals. The company is on track to meet its near-term targets, with ongoing initiatives to further decrease emissions across all scopes.
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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.
