Somerset, NJ – Signify (Euronext: LIGHT), the world leader in lighting, has successfully completed its Brighter Lives, Better World 2020 sustainability program, outperforming on most of the ambitious commitments set when the program launched in 2016.
In 2020, Signify achieved carbon neutrality for its operations across the world and uses 100% renewable electricity1. We also generated 84% of our revenues from energy-efficient products, systems and services2, ahead of our target of 80%. On top of that, we sent zero waste to landfill across all of our manufacturing sites; were well ahead of our 90% supplier sustainability performance rate target, having achieved 99%; and realized our best-ever safety performance with a total recordable case rate of 0.22, far below our target of 0.35.
Head of Sustainability, Environment, Health & Safety at Signify
Our 2020 achievements contribute to the six United Nations’ Sustainable Development Goals (SDGs):
In September 2020, we launched our new Brighter Lives, Better World 2025 program, with the SDGs as our strategic compass. This program sets even more ambitious commitments. We will double our positive impact on society and the environment. We take a value chain perspective to increase our focus on the positive impact of light. Already carbon neutral in our operations, we will extend our efforts to enable others to accelerate climate action with the following ambitions:
1 Acquisitions under the normative integration period for environmental and social disclosures of two years are excluded (including Cooper Lighting Solutions and Klite).
2 Sustainable products, systems, and services must demonstrate a measurable positive impact in energy efficiency (10% or greater), the most impactful of our sustainable focal areas.
Signify North America Corporation
Tel: +1 215 595 3102
Signify Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
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 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.