Signify achieves carbon neutrality

(Netherlands) – Signify already looking to double its positive impact on environment and society by 2025.

Signify has achieved carbon neutrality for all its operations across the world, as well as using 100% renewable electricity, the company has announced.

While it progresses towards its remaining commitments for 2020, Signify is already embarking on a new five-year journey in which it will focus on doubling its positive impact on the environment and society.

Signify has reduced its operational emissions by more than 70% since 2010, having shifted to more energy-efficient technologies at its sites, to more sustainable modes of transport and optimised logistics planning, and to less travel in a more sustainable way. It also uses 100% renewable electricity, supported through two power purchase agreements, one in Texas, and a second in Poland. The balance of emission reductions is achieved through a carbon offsetting programme, with projects aimed at benefitting the wellbeing of local communities.

Helen Clarkson, CEO of the Climate Group, said: “We would like to congratulate Signify on its fantastic achievement of carbon neutrality across all operations in 2020. We have been working in partnership with Signify for more than 10 years to accelerate the global adoption of energy efficient LED lighting, and through Signify’s support of RE100 and EV100.

“The 2020s are the Climate Decade, as we need to have global emissions by 2030 to get us on track to mee the goals of the Paris agreement, so we need more companies to follow Signify’s lead in setting their own net zero targets.”

Eric Rondolat, CEO of Signify, added: “I’m extremely proud of all the Signify employees and thank them for supporting our carbon neutrality objective. It is a truly significant achievement for us, and we call on many others to join us.

“However, the world is still facing a demographic change, urbanisation, climate change and resource scarcity. This is not a time to pause and celebrate, but a time to become even more ambitious and accelerate our efforts to address these challenges.

“Growth for sustainability and providing a great place to work are firmly anchored as central parts of our company strategy. This means that when it comes to sustainability, we will go beyond carbon neutrality and double our positive impact on the environment and on society in 2025.”

After achieving carbon neutrality, Signify has now begun implementing its new sustainability programme, which will aim to double its positive impact on the environment and society. Through this, Signify hopes to go beyond carbon neutrality and reduce carbon emissions over its entire value chain, and by 2025, the company hopes to achieve the 2031 target set out for companies in the Paris Agreement to limit temperature rises to 1.5°C over pre-industrial times.

www.signify.com