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Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, has been awarded the highest Platinum rating from EcoVadis, which ranks businesses’ sustainability impact, for the fifth year running.
Signify has achieved the highest possible EcoVadis rating since its IPO in May 2016. With a score of 84 points out of a possible 100, Signify is in the top one per cent of all companies assessed.
EcoVadis is a trusted, independent provider of sustainability ratings for 73,000 companies worldwide. Ratings provide detailed assessments of sustainability performance in areas such as environmental impact, labor & human rights standards, ethics, and procurement practices.
I am proud of the efforts that have allowed Signify to maintain its leadership in the highest EcoVadis ranking for nearly a decade. Our Outstanding and Advanced EcoVadis scores demonstrate the importance of measuring sustainability impact and holding ourselves accountable to make the low carbon future a reality."
Maurice Loosschilder,
Head of Sustainability, Signify
Signify innovations enable businesses, cities, and consumers to reduce energy consumption and progress on their sustainability goals. In early 2024, Signify launched its Climate Transition Plan, which outlines the company’s climate strategy, ambitions, and action plan to reduce full scope absolute emissions by 90% in line with its net-zero target for 2040.
For more information about sustainability at Signify, please visit: https://www.signify.com/global/sustainability
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 our operations 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.
November 07, 2024
Signify earns EcoVadis Platinum medal, securing the highest rating for every year since its IPO