Philips Lighting

Employees: 34,256 (2016)

Revenue: EUR 7,115 million (2016)

Country HQ: The Netherlands

Philips Lighting’s purpose is to unlock the extraordinary potential of light for brighter lives and a better world. To effectively face global challenges such as population growth and aging, healthcare costs, urbanization and resources, businesses need to be in constant dialogue with governments, civil society and academia. 

At the global COP21 climate talks in 2015, Philips Lighting committed to becoming carbon neutral by 2020 – playing its part in reducing greenhouse gas emissions by cutting its carbon footprint to zero. The initiative is part of Philips Lighting's membership of the RE100 program, a collaborative initiative of influential businesses committed to reach 100% renewable electricity.

The LED Lighting Revolution

Currently lighting accounts for 19% of global electricity production and nearly 6% of global CO2 emissions, according to the International Energy Agency. Two thirds of the current lighting is based on older, energy-inefficient technologies developed before 1970. A full switch to the latest LED (light-emitting diode) lighting solutions provides an average of 40% energy savings, and a significant reduction in CO2emissions.

Philips Lighting is driving this lighting market transition, because besides energy savings, it believes LED lighting solutions will help create better environments for people to live, work and play.

The ‘LED Revolution Booklet’, published by Philips Lighting ahead of the COP21 negotiations, reveals that a switch of all lighting sources to LEDs could provide a global reduction in carbon emissions of 1,400 megatons by 2030 and result in economic savings of EUR272 billion. Philips Lighting estimates that switching all such outdoor lighting in particular to LEDs could stop 109 million tons of CO2 entering the atmosphere and save EUR21 billion globally by 2030.

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