Green Switch for business

What Green Switch can do for business

Signify’s Green Switch program has been designed to help private companies in consulting, auditing, and exploring funding and financing opportunities for advanced lighting solutions that make professional lighting more energy-efficient and make their new or existing buildings fit for the future.

Our systems experts offer the deep knowledge and experience needed to coordinate the installation, commissioning, and operation of connected LED lighting systems specifically designed for professional environments. In the last three years, we’ve helped 13.000+ companies across the globe to renew their lighting systems over 56,000+ projects.

Achieve your targets with Green Switch

The existing building stock worldwide represents a major contributor to climate change, with the built environment contributing 39% of all energy-related CO₂ emissions. As such, the built environment is also one of the biggest opportunities to bend the emissions curve toward zero.

Making the switch from conventional to LED lighting is a fast and effective way for businesses to move toward their business sustainability goals. Lighting accounts for approximately 40% of electricity use in ambient warehousing, as an example, and around 17% of all energy use in offices. Connected LED lighting can reduce these consumption figures by as much as 80% over conventional lighting.

It’s time to take effective action

Indeed, businesses are coming around to the view that it’s time to take effective action. Globally, 30% of listed companies now use sustainability-linked performance measures in their plans, and 73% of executives said that becoming a “truly sustainable and responsible business” was a top priority for their organization over the next three years. And businesses are putting their money where their mouths are: sustainable investments have grown $23 trillion globally over the last two years— around a quarter of all professionally managed assets.

Becoming more sustainable can also improve business reputations and enhance a brand. Surveys indicate that 66% of consumers plan to make more sustainable or ethical purchases over the next six months, and 74% of consumers believe that ethical corporate practices and values are an important reason to choose a brand. Not only that, but the top quartile sustainable companies report an average ^*21% higher EBITDA margin.

How much can making the Green Switch save annually?

For a 100,000 m² manufacturing facility:

€0.8 million in energy costs
2.4 GWh in electricity consumption
627 tons of CO₂

With the freed-up electricity, you could:

Manufacture 54,000 pairs of jeans
Produce 371 tons of recycled paper

For a 40,000 m² logistics center:

€0.3 million in energy costs
1 GWh in energy consumption
250 tons of CO₂

With the freed-up electricity, you could:

Charge 433 electric vans
Power 114 electric forklifts

For a 15-floor office tower with an area of 50,000 m²:

€0.6 million in energy costs
1.7 GWh in energy consumption
450 tons of CO₂

With the freed-up electricity, you could:

Power 50% of the tower’s HVAC system
Run 536 refrigerated vending machines

Funding and financing opportunities

Government funding is being made available around the world to help local authorities achieve their carbon emissions reduction goals, through programs such as the EU Green Deal, the US Inflation Reduction Act and Infrastructure Investment and Jobs Act, and the New China Infrastructure Plan.

Additional funding may also be available through blended finance initiatives, including publicprivate partnerships. Signify offers Light-as-aService (LaaS), which can help spur renovation by removing initial investment barriers.

Reach out to a Signify expert to learn more

Good connectivity: a key to decarbonizing the building sector

To change the climate, we’ve got to change our buildings, and renovations that prioritize sustainability can make a huge difference. By opting for energy-efficient HVAC systems, connected LED lighting, and low-carbon building materials, we can create spaces that not only save money but also contribute to a better environment.

Download our whitepaper to discover more

Listen to the audio version of the whitepaper

In an interview with Signify, Toby Morgan from the Climate Group discusses the trends in building decarbonization.

Directions in sustainability for Industry

For industry, each step toward a sustainability strategy opens opportunities for transitioning from a linear to a Circular Economy. Choosing to switch to connected LED lighting is a great place to start. Because energy efficiency, reduced capital costs, contracted services, and help with lighting design can deliver savings in the first year. Learn more in our white paper, co-created with the Climate Group.

Download our whitepaper to discover more

Listen to the audio version of the whitepaper

Discover what Signify can do for business

Connecting the dots on LaaS

Instead of making a major upfront investment to buy, install, and manage a new lighting system, LaaS provides an efficient and cost-effective alternative.

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Climate policy should transcend partisan politics

Discover how energy efficiency unites political views and drives economic growth. See how the 2024 EU Parliament elections shape climate action and our future.

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How to take effective action on energy efficiency

Discover the power of energy-efficient lighting. Learn how transitioning to LEDs can cut energy consumption and combat climate change effectively.

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Reach out to a Signify expert

Signify estimates are based on numerous sources, references, and data points

Learn more about our calculation model and references

For more details about Signify’s commitments and results, read our annual report and sustainability supplements