IO, Eindhoven – Signify (Euronext: LIGHT), a world leader in lighting, is pleased to announce that the company has achieved carbon neutrality for all of its operations worldwide, as well as using 100% renewable electricity. While continuing to carry out its remaining commitments for 2020, the company has embarked on a new journey for the next five years, with a focus on expediting its positive impact on the environment and society.
Signify has reduced its operational emissions by more than 70% since 2010, has shifted to more energy-efficient technology at all of its operational locations, to more sustainable modes of transportation and optimized logistics planning, and reducing travel considerably. The company also uses 100% renewable electricity supported through two power purchase agreements, one in Texas and the second in Poland. The remaining emission reductions that must be met are achieved through carbon offset programs with projects aimed at benefiting the welfare of local communities.
“We would like to congratulate Signify on their outstanding achievement in carbon neutrality across all of its operations by 2020. We have worked in partnership with Signify for more than 10 years to accelerate global adoption of energy-efficient LED lighting and through Signify’s endorsement of RE100 and EV100,” said Helen Clarkson, CEO of The Climate Group. “The 2020s are The Climate Decade because we need to halve global emissions by 2030 so we are on track to meet the Paris agreement goals, so we need more companies to follow Signify’s lead in setting their net-zero targets,” she continued.
“I am very proud of all Signify employees and thank them for supporting our carbon neutrality goals. This is a very significant achievement for us and we invite more companies to join us,” said Eric Rondolat, CEO of Signify. “However, the world is still facing demographic change, urbanization, climate change, and scarcity of resources. This is not a time to pause and celebrate, but a time to be even more ambitious and accelerate our efforts to address these challenges. Growth for sustainability and providing an outstanding place to work is embedded as a central part of our corporate strategy. This means that in terms of sustainability, we will go beyond carbon neutrality and double our positive impact on the environment and society by 2025,” he continued.
Today, Signify is starting to implement its new sustainability program and setting a direction to multiply its positive impact on the environment and society. The United Nations Sustainable Development Goals will be used as strategic guidance in working towards the following four goals:
First, doubly accelerate the Paris Agreement. As part of our commitment to climate action (SDG13), we will go beyond carbon neutrality and reduce carbon emissions throughout our value chain. By 2025, we will already reach the 2031 target set for companies in the Paris agreement to limit temperature increases to 1.5°C during pre-industrial times. We will do this by increasing the energy efficiency of our portfolio, which will reduce our customers’ emissions, and by driving carbon reduction in our suppliers.
We also call on the world to accelerate the adoption of affordable and clean energy (SDG7). Our LED lighting is highly energy-efficient, saving on average 50% electricity consumption compared to conventional lighting. Additional savings of around 30% were achieved using connectivity and lighting control systems. Also, we believe that the expansion of solar-powered lighting systems will provide another very effective opportunity to reduce carbon emissions.
Second, double our circular revenue to 32%. Making our economy more circular is more important than ever. We are currently using 1.6 times more resources our earth can support and resource scarcity and waste have reached alarming proportions. We are committed to responsible consumption and production (SDG12) with products that can be reprinted, refurbished, reused, or recycled. This will help us achieve our goal of doubling our revenue from circular products, systems, and services to 32% by 2025. This includes revenue from 3D printed luminaires, of which we are the first lighting company to develop on a large scale, and from streetlamps using reusable and recyclable components and parts, which we introduced earlier this year.
As part of our commitment to a circular economy, we are also committed to sustainable packaging, eliminating plastics from all our consumer packaging by the end of 2021, and not sending waste to landfill.
Third, double our income for a brighter life, through innovations that benefit society, to 32%. We are committed to supporting good health and wellbeing (SDG3) and sustainable cities and communities (SDG11). We will double the percentage of our income for a brighter life, which benefits society, to 32%, including revenue from lighting innovations that improve food availability, safety & security, or health & wellness.
Fourth, double our commitment to diversity and inclusion, and aim to double the percentage of women in leadership to 34%. We are committed to decent work & economic growth (SDG8) and creating great places to work. We will further strengthen our commitment to employee safety, supplier sustainability, and a life that is illuminated through the Signify Foundation.