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Signify achieves carbon neutrality for its operations in the US and Canada
Somerset, New Jersey – Signify (Euronext: LIGHT), the world leader in lighting, today announced that its operations in the US and Canada are carbon neutral. This achievement was met after the company in these two countries started operating on 100% renewable electricity in 2016 and compensates for all its remaining carbon emissions as of this year. This is a major milestone towards the entire company becoming carbon neutral in 2020.
Signify has been working to reduce carbon emissions in the US and Canada for nearly 10 years, implementing energy-efficiency improvements in its factories, utilizing office space more efficiently and increasing the use of renewable electricity to 100% in 2016. The electricity is sourced from a Power Purchase Agreement (PPA) with a windfarm in Texas. The company compensates for the remaining carbon emissions from its industrial operations, offices, warehouses, business travel and logistics.
'Brighter Lives, Better World'
Signify introduced its “Brighter Lives, Better World" sustainability program in 2016, setting ambitious sustainability goals for 2020 and consisting of two pillars:
1. Sustainable revenues:
2. Sustainable operations:
As part of Signify’s leadership in energy efficiency measures it is committed to the World Green Building Council’s initiative to have all the buildings that it is using to be carbon neutral by 2030. In addition to that, Signify supports The Climate Group’s EV100 initiative to operate a 100% electric and hybrid lease fleet by 2030 and its RE100 initiative to scale up the use of renewable electricity.
Signify was named Industry Leader in the Electrical Components and Equipment category of the 2018 Dow Jones Sustainability Index (DJSI), receiving recognition for all the sustainability improvements it is making.
Signify became the new company name of Philips Lighting as of May 16, 2018. The legal name of Signify will be adopted in the US and Canada in early 2019.
Signify Corporate Communications
Elco van Groningen
Tel: +31 6 1086 5519
E-mail: elco.van.groningen@signify.com
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. With 2017 sales of EUR 7.0 billion, we currently employ approximately 30,000 employees and have a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. News from Signify is located at the Newsroom, Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.
