SIGNIFY

Employees: 32,130 (2018)

Revenue: EUR 7 billion (2018)

Country HQ: The Netherlands

Signify (formerly known as Philips Lighting) is the world leader in lighting with recognized expertise in the development, manufacture and sale of innovative, energy-efficient lighting products, systems, and services. Signify'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. 

Signify is taking a leading role to bring better light to the world and to help provide a more sustainable future. At the same time, it "walks the talk" and commit to becoming carbon neutral by 2020, driving a zero waste to landfill program, striving for zero injury workplace and engaging suppliers for a sustainable supply chain. The initiative is part of Signify's membership of RE100, a collaborative initiative of influential businesses committed to reach 100% renewable electricity.

The LED Lighting Revolution

Currently lighting accounts for 15% 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.

Signify 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 Signify 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. Signify 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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