Signify achieves carbon neutrality, promotes sustainability
Signify, the world leader in lighting, has announced that it has achieved carbon neutrality for all its operations across the world. The company has also embarked on a new five-year journey in which it will focus on doubling its positive impact on the environment and society.
“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,” said The Climate Group CEO Helen Clarkson in a press statement.
“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,” Clarkson said.
Netherlands-based Signify, formerly Philips Lighting, achieved carbon neutrality in September. The company 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 optimized logistics planning, and to less travel in a more sustainable way.
It also uses 100 percent 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.
“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,” said Signify CEO Eric Rondolat.
“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,” he said.
Beyond carbon neutrality
Signify has started implementing its new sustainability program called Brighter Lives, Better World 2025. The company aims 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
- Double circular revenues to 32 percent
- Double revenues for brighter lives, through innovations that benefit society, to 32 percent
- Double commitment to diversity and inclusion and double the percentage of women in leadership to 34 percent