MASHINIi

Flex Ltd..

FLEX.US | Manufacture of electronic components and boards

Flex Ltd. is a global provider of design, engineering, manufacturing, and supply chain services and solutions to a variety of industries. The company offers a range of services, including product design, engineering, manufacturing, supply chain management, and aftermarket services. Flex serves indus...Show More

Ethical Profile

Mixed.

Is Flex Ltd. ethical? Flex has been recognized as one of 'Ethisphere's World's Most Ethical Companies®' for two consecutive years and holds a 'Negligible' ESG Risk Rating from Sustainalytics, ranking 9th in its industry. The company reports a 33% reduction in Scope 1 and 2 GHG emissions from a 2019 baseline, with 125% of electricity from renewables. Its Sorocaba factory is a World Economic Forum Sustainability Lighthouse, implementing a circular economy for e-waste. However, Flex has faced scrutiny, including a recall of its First Source iQ Flex M portable X-ray cart due to a potential safety hazard where a bolt could allegedly fall onto patients. While corrective actions are underway, critics point to a lack of comprehensive data on fair pay, ethical sourcing, and community impact.

Value Scores

Better Health for All-40
-100100
Fair Money & Economic Opportunity0
-100100
Fair Pay & Worker Respect0
-100100
Fair Trade & Ethical Sourcing0
-100100
Honest & Fair Business0
-100100
Kind to Animals-40
-100100
No War, No Weapons0
-100100
Planet-Friendly Business-30
-100100
Respect for Cultures & Communities0
-100100
Safe & Smart Tech0
-100100
Zero Waste & Sustainable Products0
-100100

Better Health for All

-40

Flex Ltd. initiated a Class 2 device recall in May 2024 for 137 units of its First Source iQ Flex M portable X-ray cart and platform.

1
The recall was due to a potential safety hazard where a bolt securing the positioning arm could come loose and fall onto a patient.
2
The company is taking action to address the concern and is communicating with consignees, with a spring clip being tested to prevent the bolt from falling out.
3

Fair Money & Economic Opportunity

0

No evidence available to assess Flex Ltd. on Fair Money & Economic Opportunity.

Fair Pay & Worker Respect

0

No information was available from the provided articles to assess Flex Ltd. against the 'Fair Pay & Worker Respect' ethical value. The single article provided returned a 404 error and contained no content.

1

Fair Trade & Ethical Sourcing

0

The provided article pertains to 'Flex|N|Gate Group in Canada', which is a distinct entity from FLEX.US (Flex Ltd.), the company being assessed.

1
Therefore, no evidence from the article can be applied to Flex Ltd. All KPIs are omitted due to a lack of relevant data for the specified company.

Honest & Fair Business

0

No specific, concrete data points were found in the provided articles that could be mapped to the quantitative thresholds of the KPIs in the rubric for Flex Ltd. (FLEX.US). While an A- CDP score and AA MSCI rating were mentioned, these are letter grades and cannot be directly mapped to the numerical transparency index tiers.

1
Information regarding a whistleblower policy and anti-corruption policy was found for "FLEX FOODSLimited," which is a different entity than the assessed company, FLEX.US.
2
The articles also noted the use of an independent third-party evaluation firm for board evaluations and Ethisphere's World's Most Ethical Company® recognition, but these do not provide a percentage of ethical claims verified.
3

Kind to Animals

-40

Flex's Supplier Code of Conduct states that animal testing is used for substances, raw materials, pieces, or components within the supply chain.

1
The policy expects suppliers to give preference to processes that do not require animal testing or its equivalent.
2

No War, No Weapons

0

No evidence available to assess Flex Ltd. on No War, No Weapons.

Planet-Friendly Business

-30

Flex has committed to the Science Based Targets initiative (SBTi).

1
The company powers 125% of its electricity usage with renewables, including purchased and on-site generation.
2
In 2018, Flex achieved a waste diversion rate of over 91% of campus waste from landfills.
3
The company has 51% of its preferred suppliers with GHG reduction targets.
4
In 2018, Flex planted over 6,800 trees in 12 countries.
5
The company has not reported any environmental compliance violations.
6
Flex has adopted TCFD recommendations, integrating climate-related risks into its enterprise risk management (ERM) framework.

Respect for Cultures & Communities

0

No specific, concrete data points were found in the provided articles to assess Flex Ltd. against the defined KPIs for 'Respect for Cultures & Communities'. The articles primarily focus on labor conditions or general sustainability metrics without detailing community engagement, cultural preservation, or local economic contributions in a quantifiable manner relevant to the rubric. While one article mentions that 100% of major sites partner with local NGOs, it does not provide the number of formal partnerships required by the rubric's quantitative thresholds.

1

Safe & Smart Tech

0

Flex Ltd. holds an ISO 27001:2013 certification for its global information security management program.

1
The company conducts annual cybersecurity awareness training for its employees.
2
Flex engages independent security firms for assessments and testing and performs periodic assessments of security processes and controls.
3

Zero Waste & Sustainable Products

0

No specific, company-wide quantitative data was provided in the articles to score any of the KPIs related to Zero Waste & Sustainable Products. Information regarding waste diversion, circular economy initiatives, and repair capabilities was specific to a single factory (Flex Sorocaba)

1
or described the capabilities of an acquired company (FreeFlow)
2
rather than Flex's current, company-wide performance metrics.

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AI-generated analysis based on publicly available data. Not financial advice. Ratings are expressions of opinion derived from automated models and may contain inaccuracies. See our Risk Disclosure for full details.