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Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, has successfully completed its Brighter Lives, Better World 2020 sustainability program, outperforming on most of the ambitious commitments set when launching the program in 2016.
In 2020, we achieved carbon neutrality for all our operations across the world and use 100% renewable electricity1. We also generated 84% of our revenues from energy efficient products, systems and services2, ahead of our target of 80%. On top of that, we sent zero waste to landfill across all our manufacturing sites. With a supplier sustainability performance rate of 99%, we were well ahead of our 2020 target of 90%. We want to assure a safe and healthy workplace for our employees and realized our best-ever safety performance with a total recordable case rate of 0.22, far below our target of 0.35.
Nicola Kimm
Head of Sustainability, Environment, Health & Safety at Signify
“We’re thrilled to announce that we’ve successfully achieved all our 2020 commitments! All of us at Signify can be proud of delivering on our ambitious milestones on carbon neutrality, sustainable revenues, safety, supplier sustainability and zero waste to landfill,” said Nicola Kimm, Head of Sustainability, Environment, Health & Safety at Signify. “Now, we embark on a new, five-year journey to double our positive impact on the environment and society. We will do so by driving our Brighter Lives, Better World program, which is fully connected to our purpose and integrated into our overall company strategy and the way we do business.”
All of our 2020 achievements contribute to the six United Nations’ Sustainable Development Goals (SDGs) where we can make the biggest impact:
Sustainable revenues:
Sustainable operations:
In September 2020, we launched our new Brighter Lives, Better World 2025 program, with the SDGs as our strategic compass. This program sets even more ambitious commitments. We will double our positive impact on society and the environment. We take a value chain perspective and we increase our focus on the positive impact of light. Already carbon neutral in our operations, we will extend our efforts to enable others to accelerate climate action with the following ambitions:
1 Acquisitions under the normative integration period for environmental and social disclosures of two years are excluded (including Cooper Lighting Solutions and Klite).
2 Sustainable products, systems, and services must demonstrate a measurable positive impact in energy efficiency (10% or greater), the most impactful of our sustainable focal areas.
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, 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.
