Signify paves the path for doubling carbon neutralization by 2025

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Signify Carbon Neutrality
Pic by Alexas_Fotos on pixabay

Signify has achieved carbon neutrality for all its operations across the world as well as using 100% renewable electricity. While the company progresses towards its remaining commitments for 2020, it embarks on a new five-year journey in which it will focus on doubling its positive impact on the environment and society.

Eric Rondolat, CEO, Signify said: “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 is 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 society in 2025.”

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

Signify has started 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:

The pace of the Paris Agreement:

As part of our commitment to climate action (SDG13), we will go beyond carbon neutrality and reduce carbon emissions over our entire value chain. Already in 2025, we 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. We will do so by increasing the energy efficiency of our portfolio, which will reduce the emissions of our customers, and by driving carbon reductions at our suppliers.

We also call upon the world to accelerate the adoption of affordable and clean energy (SDG7). We believe that the expansion of solar-powered lighting systems will provide another very effective opportunity to reduce carbon emissions.

Double its circular revenues to 32%:

Making our economy more circular has become more important than ever. Today we use 1.6 times the resources our planet can sustain and resource scarcity and waste have reached worrying proportions. We are committed to responsible consumption and production (SDG12) with products that can be reprinted, refurbished, reused or recycled. This will help us to achieve our goal of doubling our revenues from circular products, systems and services to 32% in 2025.

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

Double our revenues for brighter lives, through innovations that benefit society:

We are committed to supporting good health and wellbeing (SDG3) and sustainable cities and communities (SDG11). We will double the percentage of our revenues for brighter lives, which benefit society, to 32%. This includes revenues from lighting innovations which increase food availability, safety & security or health & wellbeing.

Double our commitment to diversity and inclusion:

We are committed to decent work & economic growth (SDG8) and creating a great place to work. We will strengthen our commitment to diversity & inclusion and aim to double the percentage of women in leadership in our business to 34%. And we will further strengthen our commitments to employee safety, supplier sustainability and lives lit through our Signify Foundation.

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