SHANGHAI, March 6, 2024 /PRNewswire/ -- Recently, Flextronics (NASDAQ: FLEX) announced its inclusion in the Ethisphere Industrial Manufacturing “2024 World's Most Ethical Companies” list. This award shows Flextronics's strong commitment to business ethics, integrity, and corporate social responsibility.
“Businesses that operate with integrity can raise industry standards and perform better in the long term,” said Erica Salmon Byrne, Executive Chairman and Chief Strategy Officer at Ethisphere. We are impressed by Flextronics's continued focus on business ethics and its commitment to making a real impact on our stakeholders.”
Ethisphere assesses companies based on their commitment to ethics, compliance, and sustainability, thereby setting a benchmark for defining and advancing business ethics standards. Flextronics's inclusion on this list for the second year in a row reflects the company's commitment to maintaining the highest standards of integrity in its global business.
“We are very honored to receive this award for the second year in a row,” said Wei Ruan Xin, CEO of Flextronics. As a global manufacturing company spanning many different industries, business ethics is at the core of our values. This recognition is yet another testament to our dedication to cultivating a culture of integrity, transparency, and responsibility in everything we do.”
This honor highlights Flextronics's continued efforts to set a benchmark for ethical leadership, as the company joined an exclusive list of 136 organizations recognized in 20 countries and 44 industries, proving their strong commitment to business integrity.
“At Flextronics, we continue to use a powerful data-driven scorecard to track and improve our ethics and compliance programs,” said Andy Powell, senior vice president and deputy general counsel and chief ethics compliance officer at Flextronics. We must build trust with our employees, customers, and stakeholders. This accolade is a testament to Flextronics's progress as an organization that upholds the highest ethical standards.”
Ethisphere's recognition reflects Flextronics's continued efforts to set an example for the industry. The full list of this year's winning companies.
Selectionwaysand scoring standards
The “World's Most Ethical Company” was selected based on Ethisphere's proprietary Ethics Quotient (Ethics Quotient)), an extensive questionnaire requiring companies to provide more than 240 different proof points on their ethical culture; environmental, social, and governance (ESG) practices; ethics and compliance programs; diversity, equity, and inclusion; and action plans that support strong value chains. The data will be further qualitatively analysed by a panel of experts who spend thousands of hours each year reviewing and evaluating applicant organizations. The process acts as an operational framework to gather and collate truly best-in-class ethics and compliance practices from organizations across industries and around the world.
About the Ethical Village Association
Ethisphere is a global leader in defining and promoting standards of ethical business practices that help shape business identity, enhance market trust, and promote business success. The Ethical Village Association has deep expertise in using data-driven insights to measure and define core ethical standards to help companies enhance corporate identity and measure and improve corporate culture. The Ethical Village Association recognizes outstanding achievements through its “World's Most Ethical Business Enterprise” award program, promotes the Business Ethical Leadership Alliance (BELA) to industry experts, and showcases trends and best practices in the field of ethics with the “Ethical Village Association” magazine. The Ethical Village Association also enhances business performance through data-driven assessments, guidance, and benchmarking using unrivaled data: the “Culture Quotient” (Culture Quotient) data set, which reflects the business ethics practices of more than 3 million employees worldwide; and the “Ethics Quotient” (Ethics Quotient) data set, which includes more than 240 data points on the moral, compliance, social and governance practices of the “World's Most Ethical Companies.” For more information, visit.
About Flextronics
Flextronics is the preferred manufacturing partner for many companies, and is committed to designing and manufacturing diverse products for customers to make the world a better place. Through talent teams in 30 countries around the world, and our reliable and sustainable operation management, Flextronics provides innovative technology, supply chain and manufacturing solutions to various industries and end markets. For more information, please visit www.flex.com or follow the official WeChat account: FlexChina (FlexChina).