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    The Road to Carbon Neutrality

     

    Jun 5, 2019

     

    At Signify, we’re fighting climate change by setting bold commitments in our Brighter Lives, Better World program – including the target to become carbon neutral in 2020

     

    Climate change is one of the biggest challenges of our time and its consequences, some already visible today, are catastrophic.

     

    The scope and urgency of the issue mean we all have a role to play. For us at Signify, it’s not just about offering innovations which help mitigate climate change, it’s also about changing the way we work.

    How we’re meeting our 2020 carbon neutral commitment


    At Signify, we are tackling climate change by setting bold commitments in our Brighter Lives, Better World program including the target to become carbon neutral by 2020. This means focusing on CO2 emissions and energy use for our entire operations globally including manufacturing, non-industrial operations, as well as logistics and business travel.

     

    “It’s about doing things differently to reduce energy consumption, drive efficiencies, increase the use of renewable electricity and find the right partners to join us along this journey” says Nicola Kimm, Head of Sustainability, Environment, Health and Safety.

    Road to carbon neutrality
    Partners are key in reaching our ambitious target of carbon neutrality. Our work with Clean Cargo aims to ensure our products are shipped using clean and sustainable fuel. We joined the Climate Group’s EV100 Initiative and committed to operate hybrid and fully electric vehicles by 2030.

     

    Our pledge to the World Green Building Council’s Net Zero Carbon Buildings commitment helps us in making our buildings compatible with a low carbon economy. And we initiated several strategic projects through our partnership with South Pole to invest in offsets which contribute to sustainable development.

     

    It’s important that our targets and actions in line with the Paris Agreement. That’s why we made further commitments for 2030 approved by the Science-Based Targets Initiative in 2018.

    Recent highlights


    By the end of 2018, we already reduced our carbon footprint by 37% and increased our use of renewable electricity globally to 89%.

     

    We are becoming carbon neutral in more and more markets. Last year, we reduced carbon emissions to achieve carbon neutrality in the US and Canada. And last month our Latin American market also became carbon neutral, where we  invest in projects with positive social and environmental impacts, including the Colombian reforestation project.

    World map with carbon neutral operations
    “The goals of the Paris Agreement seem to be harder to reach than ever before, making it all the more important that corporations take action to fight climate change,” said Sergio Villalon, Market Leader Latin America. “That’s why I’m so proud of the commitment our employees in Latin America have put into this achievement.”

    Together we can achieve a low-carbon economy


    Becoming carbon neutral in 2020 means that everyone at Signify is committed to playing their part in marking our company more sustainable. “Engaging our employees plays a big part in our success”, says Kimm.

     

    Beyond our own employees, our partners and our stakeholders, we hope our efforts to achieve a low-carbon economy inspire others to do the same because we cannot tackle the problem alone.

    About the author:

    Maurice Loosschilder

    Maurice Loosschilder

    Head of Sustainability Strategy and Reporting

    For further information, please contact:

    Signify Global Media Relations
    Neil Pattie
    Tel: + 31 6 15 08 48 17
    Email: neil.pattie@signify.com

    About Signify

     

    Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.

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