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Sustainability

Our sustainability commitment

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Our world

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Our people

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Our approach

Reports and Disclosures

Our advancement of sustainability includes clear, consistent communications about our goals, activities, performance, and results.

Environment

27% reduction in absolute scope 1 and 2 greenhouse emissions in 2022 from 2019 baseline year

Health and Safety

17% reduction in total case incident rate (TCIR) in 2022

Suppliers

35% of preferred suppliers had greenhouse gas emissions reduction targets in 2022

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27%

reduction in absolute scope 1 and 2 greenhouse emissions in 2022 from 2019 baseline year1

94%

waste diverted from landfill globally in 2022

100%

of our sites with 1,000 employees or more partnered with a local NGO in 2022

1 The target boundary includes biogenic emissions and removals from bioenergy feedstocks. Absolute Scope 1 and 2 market-based emissions.

Improving our communities

Environment

Our journey to reduce our environmental footprint and ambition to reach net zero emissions by 2040 focuses on implementing and purchasing renewable energy, optimizing site infrastructure, and partnering with our ecosystem of customers and suppliers on energy and emissions reduction strategies.

Meanwhile, we’re charting a path to zero waste by applying our circular economy practices to reuse, repurpose, and extend the use of materials. In addition to our commitment to decreased water consumption, we participate in the World Business Council for Sustainable Development’s WASH Pledge to increase safe water access at all our workplaces. 

Our environment goals

  • Commit to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year2
  • Achieve zero waste in 50% of our manufacturing and logistics sites by 2025
  • Reduce water withdrawn3 by 5%, focusing on sites located in water scarce areas, by 2025

2 The target boundary includes biogenic emissions and removals from bioenergy feedstocks
3 Per revenue

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Community

We don’t just want to just protect the planet — we aspire to uplift and invest in the communities where we operate and empower our employees to do so too. Our community building investment approach is two-fold: strategic initiatives supported by the Flex Foundation and employee involvement globally.

Our community building efforts are aligned with four strategic UN Sustainable Development Goals: #3 good health and wellbeing, #8 decent work economic growth, #12 responsible consumption and production, and #13 climate action.

Our community goals

  • Commit to 100% of our major sites4 partner with a local NGO by 2025
  • Commit to provide the tools needed to engage 75% of employees to volunteer by 2025 and 100% by 2030

4 Sites with more than 1,000 employees

collage of sustainable manufacturing devices and practices

2023 Sustainability Report

Our 2023 annual sustainability report is a summary of our most important sustainability activities, performance, and results from the 2022 calendar year.

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17%

decrease in safety incident rate year over year in 2022

100%

of our employees had access to emotional / mental health programs in 2022

32.5

average hours of training
per employee achieved in 2022

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Health and safety

We promote workforce safety, health, and well-being from all angles. Our strong social management system aligns to the RBA code of conduct as we pursue industry certifications to ensure the respectful treatment of workers and the consistent adherence of responsible business practices.

By investing in Industry 4.0 technologies and staying apprised of equipment safety improvements, we’re continuously designing risk out of manufacturing processes.

Our health and safety goals

  • Commit to reducing total case incident rate (TCIR) to below 0.2 by 2025
  • Commit to certifying all manufacturing sites with ‘RBA factory of choice’ by 2025
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Diversity, equity, and inclusion (DEI)

The diversity of our teams serves as a competitive advantage and spans background, experience, talent, education, gender identity, race, ethnicity, and ability.

Together, we’re working toward more equitable outcomes that strengthen gender, racial, and ethnic diverse representation through employee empowerment, enhanced opportunities, and resource accessibility. And we do it all through a culture of inclusion rooted in mutual respect.

Our diversity, equity, and inclusion goals

  • Increase female representation at the director level and above globally
  • Increase racial and ethnic diverse representation at the director level and above in the U.S.
  • Achieve pay parity in the U.S. by 2022
Optimized headcount

Labor practices

We promote and protect human rights to safeguard the fundamental freedoms of our workforce and treat team members with the utmost respect, dignity, and care. This includes providing well-being and development resources.

We recognize the importance of accessible mental health programs to support team members, psychologically and emotionally. We’re continuing to evolve and develop formal and on-the-job learning and upskilling opportunities so that every team member is empowered to prepare for their next role while gaining valuable experience. 

Our labor practices goals

  • Ensure 100% of our employees have access to emotional and mental health programs by 2023
  • Target an average of 40 hours of training and development annually per employee by 2025
collage of sustainable manufacturing devices and practices

2023 Sustainability Report

Our 2023 annual sustainability report is a summary of our most important sustainability activities, performance, and results from the 2022 calendar year.

Blog

35%

of preferred suppliers had
greenhouse gas emissions
reduction targets in 2022

64%

of specified customers1 had science-based targets in 2022

2023

Recognized as one of the
World’s Most Ethical
companies by Ethisphere
for our leading in ethical
business practices in 2023

1 Flex committed that 70% of customers as measured by emissions covering purchased goods and services, capital goods, and use of sold products will have science-based targets by 2025. 

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Suppliers

We hold our supplier network to the highest ethical standards by requiring strong management systems, transparent reporting, effective social and environmental activities, ethical practices, and comprehensive risk mitigation. We also work to reduce emissions across the value chain by working with suppliers to set reduction targets by sharing lessons learned and scaling best practices.

Our supplier goal

  • Commit that 50% of our ‘Preferred Suppliers’ will set their own GHG emissions reduction targets by 2025 and 100% by 2030
Customization

Customers

We’re helping leading brands identify the optimal route to reduce emissions, waste, and energy while balancing lead time, cost, and sustainability requirements through our circular economy solutions. We also partner with a set of our customers to help them identify science-based emission targets, accelerating a more sustainable value chain.

Our customer goal

  • Commit that 70% of our customers as measured by emissions covering purchased goods and services, capital goods, and use of sold products will have science-based targets by 2025
OurApproach_Ethics_Icon

Ethics

Integrity starts at the top and serves as the foundation of trust for our employees, customers, and other stakeholders. In everything we do, we maintain the highest standards of ethical business practices and compliance with integrated scorecards for risk assessmentcode of business conduct and ethics training for direct and indirect labor, and more. In addition to local reporting channels, we have a toll-free hotline and online reporting channel available 24 hours, 7 days a week in several languages.

Our ethics goal

  • Be independently evaluated as having a world-class ethics and compliance program by 2025
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Governance

We never stop evaluating and enhancing our oversight processes and procedures to ensure the highest levels of accountability and transparency, as reflected in our strong ratings in the Dow Jones Sustainability Index (DJSI), Morgan Stanley Capital International (MSCI), and Institutional Shareholder Services (ISS). We also maintain strong oversight through annual review of committee composition.

Our governance goal

  • Continue to maintain high (top quartile) governance standards as measured by investors, proxy advisory firms, and governance best practices
collage of sustainable manufacturing devices and practices

2023 Sustainability Report

Our 2023 annual sustainability report is a summary of our most important sustainability activities, performance, and results from the 2022 calendar year.

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