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Energy efficiency is key for mitigating climate change, building a strong economy, reducing poverty, and improving public health. According to the International Energy Agency (IEA), two-thirds of the world’s total prime energy goes to waste. Reversing this trend requires a greater, worldwide emphasis on energy efficiency. With energy-efficient lighting and retrofits for residential and commercial buildings, businesses and individuals can enjoy lower heating and lighting bills.
Lighting represents just one area of improvement, but its impact can be dramatic. Moving to energy-efficient LED offers an affordable and convenient path to quickly achieving energy efficiency gains. When connected, managed, monitored, and controlled, LED lighting can reduce lighting-related energy consumption by 80% or more.
Investing in energy efficiency leads to positive economic outcomes, both directly and indirectly. Energy-efficiency investments create as many as 21 jobs for every €1 million invested—good local jobs, such as installing double- and triple-glazed windows, changing the lights in commercial and municipal buildings and on the city streets, installing and commissioning building management systems, and so on. Over the past ten years, Europe has imported €1 billion of fossil fuel per day, so the cost savings potential of transitioning away from dependence on fossil fuels is clearly enormous.
Climate change mitigation transcends political ideology and election cycles. It requires consistent, constant action by countries, cities, and citizens.
Head of External Communications - Signify
Tom Lodge
Tel: +31 6 52525416
Email: tom.lodge@signify.com
Signify (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
