Plexus Issues Inaugural Sustainability Report
29 Junio 2023 - 7:30AM
Plexus Corp. (NASDAQ: PLXS) released today its inaugural
Sustainability Report. The report, which is now available on the
company’s Sustainability web page, highlights the impact from
Plexus’ long-standing commitment to Environmental, Social and
Governance (ESG).
Todd Kelsey, Chief Executive Officer commented,
“ESG is integral to Plexus’ culture and our strategy, and essential
to realizing our vision to help create the products that build a
better world. The long-term positive impact of our efforts are
transformative for our team, our customers, our communities and our
business. We’re proud to share our commitment to being a leader in
ESG as we celebrate the collective impact of our global team
members’ efforts.”
Highlights from fiscal 2022 in the report
include:
-
Deploying a suite of sustainability-oriented product lifecycle
solutions to accelerate the global shift to a circular economy,
with the aim to lessen the environmental impact of customers’
products and supply chains and to optimize shared value
creation
-
Achieving an 11.9% energy intensity reduction across Plexus’
manufacturing sites, resulting from operational efficiency
improvements, renewable energy transition projects, materials
reductions and other activities to eliminate waste and carbon
emissions
-
Launching a third Employee Resource Group (ERG), with two
additional ERGs being launched in fiscal 2023 in support of team
member-driven diversity and inclusion efforts
-
Donating in excess of $1 million globally through the Plexus
Charitable Foundation
-
Completing a third party materiality assessment to assess
stakeholder needs and develop strategic priorities
- Enhancing the
organization’s cyber-incident preparedness and response plan
For fiscal 2023, Plexus has in excess of 40
active ESG projects underway, including equipment optimization and
energy transition investments, measuring its waste-to-landfill in
order to set quantifiable future reduction goals and expanding
community engagement by enhancing its global paid volunteer time
off program through alignment with its charitable matching
program.
Megan Schleicher, Sr. Director of ESG noted,
“Our inaugural Sustainability Report emphasizes the continuous
opportunity we have to innovate and operate differently in order to
combat the social and environmental impacts of climate change,
adopt more resilient and responsible business practices, positively
impact our communities and partner with our customers on their
sustainability goals. We’re excited about our journey as we aid in
accelerating the shift to a more sustainable and equitable
economy.”
To learn more about Plexus’ ESG actions and
progress please visit Plexus' Sustainability web page.
Investor and Media Contact
Shawn
Harrison+1.920.969.6325shawn.harrison@plexus.com
About PlexusSince 1979, Plexus
has been partnering with companies to create the products that
build a better world. We are a team of nearly 25,000 individuals
who are dedicated to providing Design and Development, Supply Chain
Solutions, New Product Introduction, Manufacturing and Sustaining
Services. Plexus is a global leader that specializes in serving
customers in industries with highly complex products and demanding
regulatory environments. Plexus delivers customer service
excellence to leading companies by providing innovative,
comprehensive solutions throughout a product’s lifecycle. For more
information about Plexus, visit our website at www.plexus.com.
Safe Harbor and Fair Disclosure
Statement The statements contained in this press release
that are guidance or which are not historical facts (such as
statements in the future tense and statements including believe,
expect, intend, plan, anticipate, goal, target and similar terms
and concepts), including all discussions of periods which are not
yet completed, are forward-looking statements that involve risks
and uncertainties. These risks and uncertainties include the effect
of inflationary pressures on our costs of production,
profitability, and on the economic outlook of our markets; the
effects of shortages and delays in obtaining components as a result
of economic cycles, natural disasters or otherwise; the risk of
customer delays, changes, cancellations or forecast inaccuracies in
both ongoing and new programs; the ability to realize anticipated
savings from restructuring or similar actions, as well as the
adequacy of related charges as compared to actual expenses; the
lack of visibility of future orders, particularly in view of
changing economic conditions; the economic performance of the
industries, sectors and customers we serve; the outcome of
litigation and regulatory investigations and proceedings; the
effects of tariffs, trade disputes, trade agreements and other
trade protection measures; the effects of the volume of revenue
from certain sectors or programs on our margins in particular
periods; our ability to secure new customers, maintain our current
customer base and deliver product on a timely basis; the risks of
concentration of work for certain customers; the particular risks
relative to new or recent customers, programs or services, which
risks include customer and other delays, start-up costs, potential
inability to execute, the establishment of appropriate terms of
agreements, and the lack of a track record of order volume and
timing; the effects of start-up costs of new programs and
facilities or the costs associated with the closure or
consolidation of facilities; possible unexpected costs and
operating disruption in transitioning programs, including
transitions between Company facilities; the risk that new program
wins and/or customer demand may not result in the expected revenue
or profitability; the fact that customer orders may not lead to
long-term relationships; our ability to manage successfully and
execute a complex business model characterized by high product mix
and demanding quality, regulatory, and other requirements; the
risks associated with excess and obsolete inventory, including the
risk that inventory purchased on behalf of our customers may not be
consumed or otherwise paid for by the customer, resulting in an
inventory write-off; risks related to information technology
systems and data security; increasing regulatory and compliance
requirements; any tax law changes and related foreign jurisdiction
tax developments; current or potential future barriers to the
repatriation of funds that are currently held outside of the United
States as a result of actions taken by other countries or
otherwise; the potential effects of jurisdictional results on our
taxes, tax rates, and our ability to use deferred tax assets and
net operating losses; the weakness of areas of the global economy;
the effect of changes in the pricing and margins of products; raw
materials and component cost fluctuations; the potential effect of
fluctuations in the value of the currencies in which we transact
business; the effects of changes in economic conditions, political
conditions and tax matters in the United States and in the other
countries in which we do business; the potential effect of other
world or local events or other events outside our control (such as
the conflict between Russia and Ukraine, escalating tensions
between China and Taiwan or China and the United States, changes in
energy prices, terrorism, global health epidemics and weather
events); the impact of increased competition; an inability to
successfully manage human capital; changes in financial accounting
standards; and other risks detailed herein and in our other
Securities and Exchange Commission filings, particularly in Risk
Factors contained in our fiscal 2022 Form 10-K.
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