Flex Ltd
Flex's GHG Emissions Data Preview
In 2023, 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 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into Flex's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Flex amounted to 726,228 metric 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).
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Flex decreased by 2.9%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
Flex's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Flex's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Flex were 83,630 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has Flex reduced its Scope 1 emissions over time?
Since 2018, Flex's Scope 1 emissions have increased by 1.45%, reflecting a rising long-term trend in Scope 1 emissions over time.
Compared to the previous year (2022), Flex's Scope 1 emissions decreased by 3.86%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are Flex's Scope 2 emissions?
In 2023, Flex reported Scope 2 greenhouse gas (GHG) emissions of 503,628 tCOâ‚‚e using the market-based method, and 642,598 tCOâ‚‚e using the location-based method.
Has Flex reduced its Scope 2 emissions over time?
Since 2018, Flex's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 21.9%, reflecting a declining long-term trend in Scope 2 emissions over time.
Compared to the previous year (2022), 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.
What methodology does Flex use for Scope 2 reporting?
In 2023, Flex reported its Scope 2 emissions using the market-based method and using the location-based method.
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 2023, Flex reported 115,278,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of Flex includes a breakdown across 12 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year.
Flex's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Flex's Scope 3 emissions?
In 2023, Flex reported total Scope 3 emissions of 115,278,100 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 5.34% of these emissions originated from upstream activities such as purchased goods and capital goods, while 94.66% came from downstream activities like product use, distribution, and end-of-life treatment.
Has Flex reduced its Scope 3 emissions over time?
Since 2018, Flex's Scope 3 emissions have increased by 40,438.92%, reflecting a rising long-term trend in Scope 3 emissions over time.
Compared to the previous year (2022), Flex's Scope 3 emissions decreased by 15.72%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does Flex disclose?
In 2023, Flex reported emissions for 12 out of the 15 Scope 3 categories defined by the GHG Protocol.
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 2023, the largest contributors to Flex's Scope 3 emissions were:
- Use of Sold Products (Cat. 11): 109,100,000 tCOâ‚‚e (94.64%)
- Purchased Goods and Services (Cat. 1): 5,347,000 tCOâ‚‚e (4.64%)
- Fuel- and Energy-Related Services (Cat. 3): 237,000 tCOâ‚‚e (0.21%)
Flex's Scope 3 Emissions by Categories
Insights into Flex's Total Carbon Footprint
In 2023, Flex reported a total carbon footprint of 116,004,328 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.65% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to Flex's total carbon footprint was Scope 3 emissions, accounting for 99.37% of the company's total carbon footprint, followed by Scope 2 emissions at 0.55%.