Philips targets carbon neutrality by 2020

“We’ve reached the climate change checkout” but contributions are not enough, warns CEO, as giant lighting firm launches new efficiency drive

Philips has committed to becoming carbon neutral by 2020, in the latest sign major businesses are falling into line behind efforts to tackle global warming.

The giant multinational says it aims to achieve carbon neutrality in the next five years by reducing energy use and cutting business travel.

The company says it has already cut its carbon footprint 40% from 2007 to 2015, and is investing heavily in clean energy as part of a pledge to use 100% renewables.

“As it stands, we’ve reached the climate change checkout and all the contributions from around the world have proved insufficient to prevent a potentially catastrophic rise in global temperatures,” said Eric Rondolat, CEO of Philips Lighting.

“The world must set more ambitious goals to improve energy efficiency.”

Read more on: Efficiency |