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Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, has received an ‘A’ score for action and transparency on climate change from global environmental non-profit CDP for the sixth consecutive year. This is a recognition of our ongoing commitment to comprehensive climate disclosure, our awareness of environmental risks, and adherence to leading best practices.
Based on data reported through CDP’s 2022 Climate Change questionnaire, Signify is one of just 283 companies that achieved an A score. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. This year, CDP scored nearly 15,000 companies on their environmental disclosure.
Signify achieved carbon neutrality in its operations in 2020 and has actively reduced its operational carbon emissions by more than 70% since 2010. At the end of 2022, the company is on track with its ambitious Brighter Lives, Better World 2025 sustainability targets, including doubling the pace of the Paris Agreement 1.5°C scenario to cut emissions over the value chain.
Eric Rondolat
CEO of Signify
Maxfield Weiss, Executive Director, CDP Europe, said: “With the EU’s ground-breaking new reporting regulation, the CSRD, now agreed, CDP A List companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse.’’
Signify recently announced that it is included in the Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year. Inclusion in the DJSI is based on the S&P Global Corporate Sustainability Assessment, in which Signify scored in the top 1% of its industry (as of December 9, 2022).
Signify Corporate Communications
Abigail Levene
Tel: +31 6 2939 3895
E-mail: abigail.levene@signify.com
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.
