SIGNIFY

Employees: 32,005 (2019)

Revenue: EUR 6.2 billion (2019)

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. And, it walks the talk.

Signify achieved carbon neutrality in September 2020, few months ahead of the announced deadline. 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 optimized 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 program with projects aimed at benefiting the wellbeing of local communities.

Doubling the Pace of the Paris Agreement

As the world is still facing demographic change, urbanization, climate change and resource scarcity, it is time to become even more ambitious and accelerate efforts to address these challenges. Signify embark on a new, five-year journey to double our positive impact on the environment and society. Among several ambitious commitments, to double the pace of the Paris Agreement.

Signify will go beyond carbon neutrality and reduce carbon emissions over its entire value chain. Already in 2025, Signify plan 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.

Signify will also call upon the world to accelerate the adoption of affordable and clean energy. Signify’s highly energy-efficient LED lighting saves an average of 50% of the electricity consumed by conventional lighting. An additional saving of around 30% is achieved by using connectivity and lighting control systems. Moreover, the expansion of solar-powered lighting systems will provide another very effective opportunity to reduce carbon emissions.

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