Having reduced its operational carbon footprint by more than 70% over the last decade, Signify ramped up its efforts in 2022, not just in operations, but across the entire value chain, to minimize the impact of climate change. At the end of 2022, the company is on track to deliver against the ambitious goal of doubling the pace of the Paris Agreement’s 1.5ᵒ scenario by the end of 2025 across all Scopes.
Increasing Circular revenues to 29% of global revenues and Brighter lives revenues to 27% is a significant step towards the target of 32% for both revenue streams by the end of 2025. For Circular revenues, this positive trend is driven by serviceable and circular luminaires. The Brighter lives revenues benefitted from a strong contribution from the consumer well-being and safety & security portfolios.
At the same time, Signify increased the percentage of women in leadership to 28%, an improvement versus the end of 2021, yet slightly off track to reach its 2025 target of 34%. We will continue our effort to improve diversity at all levels, attracting candidates from more diverse pipelines and driving development and internal mobility to increase representation across our company.