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    Carbon neutrality: Signify’s new normal

     

    October 19, 2020

     

    Five years since announcing our carbon neutrality commitment to COP21 delegates in Paris, we’ve become 100% carbon neutral

     

    Signify has reduced our operational emissions by more than 70% since 2010, making us the first major lighting company in the world to reach carbon neutrality.

    We’re also committed to a new journey which will see us focus on “doubling our positive impact on the environment and society” through Brighter Lives, Better World 2025, our new five-year sustainability programme.

     

    “We would like to congratulate Signify on their fantastic achievement of carbon neutrality across all operations in 2020,” said Helen Clarkson, CEO of The Climate Group, in a recent company press release.

     

    Here’s how we did it:

    1. Energy Efficiency


    As our CEO Eric Rondolat said, “it’s been a collective effort as we shifted to more energy-efficient technologies, optimised logistics, reduced our business travel and moved to renewable electricity.” Energy efficiency has been a particular focus, having transitioned to advanced technologies in offices and factories, as well as looking at more sustainable transport modes. Between 2011 and 2020 energy efficiency of our operations has improved by 70%.
    Energy efficiency Eric Rondolat

    2. Renewable electricity


    In 2016, we signed a deal with a windfarm in Texas to reduce carbon emissions in the US, and in late 2019 we made an agreement to purchase at least ten years of electricity from an onshore Polish windfarm that generates around 92 Gigawatt hours annually. This powers our Polish operations, which account for 25% of our global electricity consumption.

     

    In 2017, Signify was the first major international company to secure a renewable electricity deal in the Gulf region using the pioneering International REC, a renewable energy-documenting standard used in regions where no similar documentation scheme exists. We’re also shifting our car fleet to electric vehicles.

    windmills in sunflower field

    3. Carbon Offsetting

     

    To close the emissions gap, Signify has been involved in a number of carbon offsetting programs through our offsetting partner South Pole. These have reduced environmental impacts and increased the wellbeing of local communities. Specific actions include a reforestation project in Colombia, and an off-grid solar energy program in India to give rural populations more access to light.

    Example of Signify’s carbon offsetting projects

    What’s next?

     

    Our Brighter Lives, Better World 2025 program is all about doubling. Doubling the pace at which we achieve the goals of the Paris Agreement, doubling our circular revenues, doubling our proceeds from innovations that benefit society, and doubling the percentage of women in leadership, all within the next five years.

    Brighter Lives Better World 2025

    “The 2020’s are the Climate Decade as we need to at least halve global emissions by 2030 to get us on track to meet the goals of the Paris Agreement,” Climate Group’s Clarkson said, “so we need more companies to follow Signify’s lead in setting their own net zero targets.

     

    A version of this article first appeared on Climate Change News.

    About the author:

    Zak Derler

    Zak Derler

    Associate editor for Branded Content, Climate Home News

    For further information, please contact:

    Signify Global Integrated Communications
    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 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. With 2019 sales of EUR 6.2 billion, we have approximately 37,000 employees and are present 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 four consecutive years and were named Industry Leader in 20172018 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.

    Meydan Bridge

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