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    Signify releases 2000 Environmental Product Declarations

    March 21, 2024

    Signify releases 2,000 Environmental Product Declarations, covering 70,000 product variations, in drive to advance transparency and sustainable innovation

    Eindhoven, the NetherlandsSignify (Euronext: LIGHT), the world leader in lighting, has committed to sharing the environmental impact of its full range of products. The company has already made available more than 2,000 Environmental Product Declarations (EPDs), covering more than 70,000 product variations around the world. Signify also discloses product information through the Declare labelling system for customers in the Americas. As the EPD program continues, all products worldwide will ultimately receive EPDs.

     

    Municipalities, businesses and individuals are increasingly looking for fast, effective ways to reduce their environmental footprint. As lighting currently accounts for 12% of global electricity consumption and 5% of global CO2 emissions1, transitioning to energy-efficient LED lighting can significantly reduce global electricity consumption. EPDs quantify products’ environmental impact over their full life cycle, enabling comparisons to comparable products and empowering customers to make informed decisions on lighting investments.

     

    In addition to driving greater transparency for customers, EPDs are advancing evidence-based sustainable innovation within Signify, providing a quantified footprint, which acts as a baseline for further improvements in next generation product iterations.

    Signify is committed to making a low-carbon future a reality, by offering businesses, cities and consumers energy-efficient products, systems and services that can reduce global electricity consumption for lighting by over a third. Being transparent about our products’ environmental impact gives customers the information they need to make informed decisions, whether they are lighting cities, offices or their own homes, as well as helps us meet our own sustainability goals.”

     

    Maurice Loosschilder
    Head of Sustainability, Signify

    1Based on 2020 figures by the IEA combined with data on global electricity consumption and CO2-emissions.

    2LED solutions can save 70% electricity consumption when replacing conventional lighting, and conventional lighting currently accounts for roughly 50% of global electricity consumption by lighting. For detailed information on Signify’s Green Switch calculation model, including the underlying assumptions and proposed conversions, see here.

    For further information, please contact:

    Signify Corporate Communications

    Tom Lodge

    Tel: +31 6 5252 5416

    E-mail: tom.lodge@signify.com

    About Signify

     

    Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2022, we had sales of EUR 7.5 billion, approximately 35,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in our operations in 2020, have been in the Dow Jones Sustainability World Index since our IPO for six consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

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