Signify earns EcoVadis Platinum – again
Signify has been awarded the highest Platinum rating from EcoVadis, which ranks businesses’ sustainability impact, for the fifth year running.
The company achieved the highest possible rating since its IPO in May 2016. With a score of 84 points out of a possible 100, the rating puts it in the top one per cent of all companies assessed.
EcoVadis provides sustainability ratings for 73,000 companies worldwide. Its atings provide detailed assessments of sustainability performance in areas such as environmental impact, labour and human rights standards, ethics, and procurement practices.
‘I’m proud of the efforts that have allowed Signify to maintain its leadership in the highest EcoVadis ranking for nearly a decade,’ Maurice Loosschilder, head of ssustainability at Signify, told the Circular Lighting Report. ‘Our scores demonstrate the importance of measuring sustainability impact and holding ourselves accountable to make the low carbon future a reality.’
Earlier this year, the company announced that it had 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.
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.
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