Signify achieves carbon neutrality and sets course to double its positive impact on the environment

Signify (Euronext: LIGHT) is proud to announce that it has achieved carbon neutrality for all its operations across the world as well as using 100 percent renewable electricity.1 While the company progresses towards its remaining commitments for 2020, it will already embark on a new five-year journey in which it will focus on doubling its positive impact on the environment and society.

Signify achieves Carbon Neutrality in September 2020

Signify has reduced its operational emissions by more than 70 percent since 2010, having shifted to more energy-efficient technologies at its sites, to more sustainable modes of transport and optimised logistics planning, and to less travel in a more sustainable way. It also uses 100% renewable electricity, supported through two power purchase agreements, one in Texas and a second in Poland. The balance of emission reductions is achieved through a carbon offsetting program with projects aimed at benefiting the wellbeing of local communities.

“We would like to congratulate Signify on their fantastic achievement of carbon neutrality across all operations in 2020. We have been working in partnership with Signify for over 10 years to accelerate the global adoption of energy efficient LED lighting and through Signify’s support of RE100 and EV100. The 2020s are the Climate Decade as we need to halve global emissions by 2030 to get us on track to meet the goals of the Paris agreement, so we need more companies to follow Signify’s lead in setting their own net zero targets,” Helen ClarksonCEO of The Climate Group

“I’m extremely proud of all the Signify employees and thank them for supporting our carbon neutrality objective. It is a truly significant achievement for us and we call on many others to join us. However, the world is still facing demographic change, urbanization, climate change and resource scarcity. This is not a time to pause and celebrate, but a time to become even more ambitious and accelerate our efforts to address these challenges. Growth for sustainability and providing a great place to work are firmly anchored as central parts of our company strategy. This means that when it comes to sustainability, we will go beyond carbon neutrality and double our positive impact on the environment and on society in 2025,” Eric Rondolat, CEO of Signify.

Brighter Lives, Better World 2025: Our new sustainability program beyond carbon neutrality

Today, Signify starts implementing its new sustainability program and sets course to double its positive impact on the environment and society. The UN Sustainable Development Goals will be used as its strategic compass to work towards the following four goals:

Double the pace of the Paris Agreement:

As part of Signify’s commitment to climate action (SDG13), they will go beyond carbon neutrality and reduce carbon emissions over their entire value chain. Already in 2025, Signify will achieve the 2031 target set out for companies in the Paris agreement to limit temperature rises to 1.5°C over pre-industrial times. Signify will do so by increasing the energy efficiency of their portfolio, which will reduce emissions of their customers, and by driving carbon reductions at their suppliers.

Signify also call upon the world to accelerate the adoption of affordable and clean energy (SDG7). Their energy-efficient LED lighting saves an average of 50 percent of the electricity consumed by conventional lighting. An additional saving of around 30 percent is achieved by using connectivity and lighting control systems. Moreover, Signify believe that the expansion of solar-powered lighting systems will provide another very effective opportunity to reduce carbon emissions.

Double circular revenues to 32 percent:

Making our economy more circular has become more important than ever. Signify are committed to responsible consumption and production (SDG12) with products that can be reprinted, refurbished, reused or recycled. This will help them to achieve their goal of doubling our revenues from circular products, systems and services to 32 percent in 2025. This includes revenues from 3D printed luminaires and from streetlights with reusable components and recyclable parts that the company introduced earlier this year.

As part of their commitment to a circular economy, Signify have also committed to sustainable packaging, removing plastics from all consumer packaging before the end of 2021, and to sending zero waste to landfill.

[1] Cooper Lighting and Klite are not part of Signify’s EHS reporting yet. These two companies are currently being integrated and will be included in Signify’s annual reporting starting in 2021. The company aims to include them in its commitments in 2022.

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