The impact of climate change generates opportunities and challenges for Signify’s existing and future lighting products and solutions portfolio, and we expect continued and increased attention to climate change from all sectors of society. This attention has led to additional regulations designed to reduce greenhouse gas (GHG) emissions and foster the adoption of more energy efficient products and solutions. As lighting represents a significant portion of global electricity consumption, the lighting industry will need to adapt to changing environmental regulations.
As part of our Brighter Lives, Better World 2025 sustainability program, Signify takes measures to manage climate risks and adapt its businesses. Signify is already 100% carbon neutral in its operations, 100% renewable electricity and it will continue to increase the energy efficiency of its products, systems, and services to drive the transition to a low-carbon economy. Consequently, energy efficiency and circularity are central to our new company strategy and important aspects of the new products creation process.
More can be found in the Sustainability Supplements to the Annual Report, available on our Sustainability downloads webpage: https://www.signify.com/global/sustainability/downloads.