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Flex Ltd
Flex's GHG Emissions Data Preview
In 2024, Flex completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Flex has also provided a category-level breakdown for 12 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Flex’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Flex’s data sources below and access millions more through our Disclosure Search.
Insights into Flex's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofFlex amounted to667,358metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Flexdecreased by 8.11%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Flex's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Flex's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Flex were 78,935 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has Flex reduced its Scope 1 emissions over time?
Since 2019, Flex's Scope 1 emissions have decreased by 22.89%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year(2023), Flex's Scope 1 emissions decreased by 5.61%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Flex's Scope 2 emissions?
In 2024, Flex reported Scope 2 greenhouse gas (GHG) emissions of 417,625 tCOâ‚‚e using the market-based method and 588,423 tCOâ‚‚e using the location-based method.a
Has Flex reduced its Scope 2 emissions over time?
Since 2019, Flex's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have decreased by 18.78%, reflecting a declining long-term trend in Scope 2 emissions over time.a
Compared to the previous year(2023), Flex's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Flex's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Flex use for Scope 2 reporting?
In 2024, Flex reported its Scope 2 emissions using the market-based method and using the location-based method.a
Flex's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Flex's Value Chain Emissions
In 2024, Flex reported 147,081,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Flex includes a breakdown across 12of the 15 Scope 3 categories defined by the GHG Protocol,matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
Flex's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Flex's Scope 3 emissions?
In 2024, Flex reported total Scope 3 emissions of 147,081,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 2.14%of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.86%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has Flex reduced its Scope 3 emissions over time?
Since 2019, Flex's Scope 3 emissionshave increased by 37.65%, reflecting a rising long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2023), Flex's Scope 3 emissions increased by 27.59%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Flex disclose?
In 2024, Flex reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Flex's Scope 3 emissions?
In 2024, the largest contributors to Flex's Scope 3 emissions were:a
- Use of Sold Products (Cat. 11): 143,864,000 tCOâ‚‚e(97.81%)
- Purchased Goods and Services (Cat. 1): 2,502,000 tCOâ‚‚e(1.7%)
- Upstream Transportation and Distribution (Cat. 4): 244,000 tCOâ‚‚e(0.17%)
Flex's Scope 3 Emissions by Categories
Insights into Flex’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Flex reported Scope 1 greenhouse gas (GHG) emissions of 78,935 tCOâ‚‚e and total revenues of USD 26,415 millions. This translates into an emissions intensity of 2.99 tCOâ‚‚e per millions USD.a
Flex's Scope 1 Emissions Intensity Compared to Peers
How does Flex's GHG emissions intensity compare to its peers?
In 2024, Flex reported a Scope 1 emissions intensity of 2.99 tCOâ‚‚e per millions USD. Compared to the peer group median of 1.51, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a
Where does Flex rank on GHG emissions intensity within its industry?
In 2024, Flex ranked 18 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
Flex is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into Flex's Total Carbon Footprint
In 2024, Flex reported a total carbon footprint of 147,748,458 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.36% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.a
The largest contributor to Flex's total carbon footprint was Scope 3 emissions, accounting for 99.55% of the company's total carbon footprint, followed by Scope 2 emissions at 0.4%.a