Signify halves greenhouse gases
Signify has announced that it has halved its greenhouse gas (GHG) emissions since 2019, achieving a cumulative GHG emissions reduction of 334 million tonnes CO2e beyond the level required to meet the Paris Agreement 1.5-degree target.
In 2023 the company reported a yearly reduction of 22 per cent in 2023.
Signify boss Eric Rondolat told the press: ’Achieving reasonable assurance for our GHG emissions across the full value chain, including scope 3, is an unprecedented milestone for a multinational manufacturing company like Signify, with tens of thousands of products in our portfolio.
‘With accurate emissions data at the product level, we are driving transparency of our environmental impact and enabling customers to make informed decisions that support their sustainability objectives.
‘I’m deeply proud of the dedication and innovation from across the company as we continue to lead the radical transition of our industry to energy-efficient and connected LED lighting technologies.’
The targets were set as part of Signify’s sustainability programme, launched in 2020. The programme is aligned to the United Nations Sustainable Development Goals and aims to double Signify’s positive impact on the environment and society by the end of 2025.
As part of this program, the company is reducing its emissions at double the pace required by the Paris Agreement’s 1.5-degree scenario.
It also commits to double its circular revenues to 32 per cent and Brighter Lives revenues to 32 per cent and to double the number of women in leadership roles to 34 per cent by the end of 2025.
‘Sustainability leadership means showing the way. We’ve been using 100 per cent renewable electricity since 2020 and have reduced our operational emissions by 31 per cent since 2019 and by 77 per cent since 2010.
‘In addition to reaching these emissions reduction milestones, we are ahead of our target for Circular revenues, which now account for a third of Signify’s revenues, and we are within a percentage point of our Brighter Lives revenues target.
‘This demonstrates what we can achieve with a singular purpose and a company strategy that is fully aligned with sustainability. While we are proud of these achievements, we know we must do more and are committed to go further and move faster in the years ahead,” said Maurice Loosschilder, Head of Sustainability at Signify.
• Diary date: Circular Lighting Live 2024, Recolight’s flagship conference and exhibition, takes place on Wednesday 9 October 2024 at the Royal College of Physicians in London. Free to specifiers, Circular Lighting Live 2024 will feature leading experts, specifiers and policy makers who will share their insights into forthcoming standards and legislation, emerging technologies and new business models. More info: www.circularlighting.live
