Decarbonization

Committed to net-zero by 2040

Global temperatures are rising. The last five years were the hottest ever recorded. In 2015, the Paris Agreement set a commitment to keep the global average temperature within 1.5°C above pre-industrial levels.

Signify aims to double the pace of the Paris Agreement over our complete value chain, both in our operations and by enabling customers and suppliers to advance their positive climate impact to cut their emissions with our energy-efficient and solar products, systems, and services. We contribute to UN Sustainable Development Goals 13 and 7 and have introduced a net-zero target and commitment to reduce scope 1, 2 and 3 greenhouse gas emissions by 90% across the full value chain by 2040 against the baseline year 2019.

The following near- and long-term net-zero reduction targets have been reviewed and validated as science-based net-zero targets:

Overall net-zero target: Signify commits to reach net-zero GHG emissions across the value chain by 2040.
Near-term targets: Signify commits to reducing absolute scope 1 and 2 GHG emissions 50% by 2030 against a 2019 baseline. Signify also commits to reducing absolute scope 3 GHG emissions 50% within the same timeframe.
Long-term targets: Signify commits to reducing absolute scope 1 and 2 GHG emissions 90% by 2040 against a 2019 baseline. Signify also commits to reducing absolute scope 3 GHG emissions 90% within the same timeframe.

You can read more about how Signify will deliver on these targets in the Climate Transition Plan.

334 million ton

Cumulative CO₂ reduction since 2019

100%

Renewable energy in our operations

31%

CO₂ e reduction in our own operations versus 2019

20%

Less energy consumed with Ultraefficient luminaires vs standard offering in same range

Driving sustainability in our operations

Our sustainable operations program focuses on reducing our carbon footprint, improving the environmental and safety performance of our manufacturing facilities, and minimizing the amount of manufacturing waste that ends up in landfills. We employ energy-efficiency measures and renewable energy in our efforts to ensure a healthy future for generations to come.

Our environmental policies and management framework are based on the international ISO 14001 standard, and we also comply with the ISO 50001 energy management standard. We expect that all our manufacturing sites will be ISO 14001 certified by the end of 2024.

Signify supports the United Nations Strategic Development Goals

Our decarbonization efforts are guided by the UN SDGs 7 (affordable and clean energy) and 13 (climate action).

Avoiding carbon emissions in the product use phase

By the end of 2025, we aim to reduce our scope 1, 2, and 3 emissions (direct and indirect emissions from our activities) by 40% as compared to 2019. As shown in the graph, 97% of our emissions are produced in the product use phase of the value chain. By offering energy-efficient, sustainable lighting products, we help our customers achieve millions of tonnes of reductions in CO₂e.

At the end of 2023, the total avoided emissions achieved through our LED technology sales (compared to Conventional technology) was 240 million tonnes of CO₂e.

Discover sustainable lighting at Signify

Greenhouse gas emissions across Signify value chain

Reducing supplier carbon emissions

At Signify, we continue to engage with our suppliers to reduce their carbon footprint. Our approach is to proactively initiate, develop, and support GHG emission reduction activities at suppliers through our partnership with the global CDP Supply Chain program. In 2023, we invited 491 of our strategic suppliers to the program. At the end of 2023, we estimated that 29 million metric tons of CO₂e were saved in our supply base (2022: 24 million metric tons).

Learn about our responsible supply chain

Reducing logistics and transport carbon emissions

Through memberships and partnerships, we strive to scale zero-carbon solutions in our supply chain and logistics operations.

As an active member of the Clean Cargo partnership and the WBCSD Transforming Heavy Transport project, we engage in cross-industry collaboration and strive to lower the carbon footprint of our freight transport.

In 2023, we renewed our partnership with Maersk, one of our key partners in ocean freight, and supported them in launching vessels that operate on zero-carbon fuels.

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

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