Flex joins the World Economic Forum to help advance the new era of manufacturing

Rhea-AI Summary

Flex (NASDAQ: FLEX) has joined the World Economic Forum's Advanced Manufacturing Industry Action Group, enhancing its commitment to advanced manufacturing and sustainability. CEO Revathi Advaithi has also joined the Alliance of CEO Climate Leaders, a coalition focused on reducing greenhouse gas emissions. This membership positions Flex as a leader in the manufacturing sector's transition to net-zero emissions, promoting collaboration for best practices in sustainability and manufacturing advancements. Flex aims to leverage its global workforce and technologies for impactful solutions.

Positive

• Flex joins the Advanced Manufacturing Industry Action Group, showcasing commitment to innovation.
• CEO Revathi Advaithi joins the Alliance of CEO Climate Leaders, reinforcing Flex's sustainability efforts.
• Membership in these alliances may enhance Flex's reputation in the manufacturing sector.

Negative

• None.

SAN JOSE, Calif., Sept. 15, 2021 /PRNewswire/ -- Flex (NASDAQ: FLEX) today announced it has joined the World Economic Forum's Advanced Manufacturing Industry Action Group (AMA), a consortium of leading industrial companies shaping the future of manufacturing. This membership is another important step in Flex's strategic commitment to investing in transformational technologies, practices and groups that enable the evolution of advanced manufacturing. Additionally, deepening Flex's commitment to sustainability, CEO Revathi Advaithi was admitted to the World Economic Forum's Alliance of CEO Climate Leaders, a prestigious coalition of 110 renowned leaders across key sectors driving positive climate change and economic growth. Flex is the first out of its traditional industry peers to join the growing alliance.

"The manufacturing industry is at a pivotal point in time, and global business leaders need to join forces and leverage the power of our collective technology and capabilities to address the critical issue of climate change," said Revathi Advaithi, CEO, Flex. "Joining the World Economic Forum Alliance of CEO Climate leaders, along with our company's AMA membership, marks the beginning of a new chapter. We look forward to collaborating with our industry peers to share best practices and work together to accelerate global sustainability and advanced manufacturing practices which will ultimately improve the world."

"The Alliance of CEO Climate Leaders is the only CEO-led community with clear commitments to transition to net-zero. Members believe the private sector has a responsibility to actively engage in global efforts to reduce greenhouse gas emissions and to help lead the global transition to a low-carbon, climate-resilient economy. We are looking forward to Flex's contributions and commitment to sustainability," said Antonia Gawel, Head of the Climate Action, World Economic Forum.

About World Economic Forum and The Alliance of CEO Climate Leaders
Established in 1971 and headquartered in Geneva, Switzerland, WEF is a not-for-profit international organization for public-private cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. AMA, a specific industry action group within WEF, brings together the manufacturing industry's best and brightest minds able to shape the global advancement of manufacturing and accelerate new opportunities for purpose-driven collaboration. Flex joins AMA alongside some of the world's most innovative industrial companies, spanning from machinery and robotics to software and providers of technologies and solutions. 

The World Economic Forum Alliance of CEO Climate Leaders was founded in 2014 by high-profile chief executives passionate about the Paris Agreement. Today the World Economic Forum's Alliance of CEO Climate Leaders is made up over one hundred leaders from purpose-driven organizations.

About Flex
Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

Contacts

Media & Press
Mark Plungy
Director, Corporate Integrated Communications
(408) 442-1691
mark.plungy@flex.com

Investors & Analysts
David Rubin
Vice President, Investor Relations
(408) 577-4632
David.Rubin@flex.com

 

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SOURCE Flex

FAQ

What is Flex's recent announcement regarding its industry participation?

Flex has joined the World Economic Forum's Advanced Manufacturing Industry Action Group to focus on advanced manufacturing and sustainability.

Who is the CEO of Flex and what initiative has she joined?

CEO Revathi Advaithi has joined the World Economic Forum's Alliance of CEO Climate Leaders, focusing on climate change and sustainability.

How does Flex plan to impact the manufacturing industry?

Flex aims to leverage technology and practices from its membership in industry groups to advance sustainable manufacturing solutions.

What is the significance of Flex joining the World Economic Forum's groups?

Joining these groups positions Flex as a leader in promoting sustainability and advanced manufacturing practices, potentially improving its market standing.