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Jun 5, 2019
At Signify, we’re fighting climate change by setting bold commitments in our Brighter Lives, Better World program – including the target to become carbon neutral in 2020
Climate change is one of the biggest challenges of our time and its consequences, some already visible today, are catastrophic.
The scope and urgency of the issue mean we all have a role to play. For us at Signify, it’s not just about offering innovations which help mitigate climate change, it’s also about changing the way we work.
At Signify, we are tackling climate change by setting bold commitments in our Brighter Lives, Better World program including the target to become carbon neutral by 2020. This means focusing on CO2 emissions and energy use for our entire operations globally including manufacturing, non-industrial operations, as well as logistics and business travel.
“It’s about doing things differently to reduce energy consumption, drive efficiencies, increase the use of renewable electricity and find the right partners to join us along this journey” says Nicola Kimm, Head of Sustainability, Environment, Health and Safety.
Our pledge to the World Green Building Council’s Net Zero Carbon Buildings commitment helps us in making our buildings compatible with a low carbon economy. And we initiated several strategic projects through our partnership with South Pole to invest in offsets which contribute to sustainable development.
It’s important that our targets and actions in line with the Paris Agreement. That’s why we made further commitments for 2030 approved by the Science-Based Targets Initiative in 2018.
We are becoming carbon neutral in more and more markets. Last year, we reduced carbon emissions to achieve carbon neutrality in the US and Canada. And last month our Latin American market also became carbon neutral, where we invest in projects with positive social and environmental impacts, including the Colombian reforestation project.
Becoming carbon neutral in 2020 means that everyone at Signify is committed to playing their part in marking our company more sustainable. “Engaging our employees plays a big part in our success”, says Kimm.
Beyond our own employees, our partners and our stakeholders, we hope our efforts to achieve a low-carbon economy inspire others to do the same because we cannot tackle the problem alone.
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.
