Signify, the world leader in lighting, made significant progress toward its sustainability targets set for 2020 as part of its Brighter Lives, Better World program.
Signify is committed to achieving carbon neutrality, to shifting to 100% renewable electricity and to generating 80% of its revenues from sustainable products, systems and services by 2020.
In 2018, Signify achieved 79% sustainable revenues, reduced their global carbon footprint by 49% and realised carbon neutrality in Canada and the US. On top of that, they also reduced the amount of waste delivered to landfill by 17% compared with 2017, recycling 82% of their waste.
“We are proud of our achievements as we can only make such strong progress toward our Brighter Lives, Better World targets when all our employees are behind it and as sustainability is really at the heart of our purpose. All of us at Signify are committed to create brighter lives and a better world by providing light which is energy efficient, saves resources, and improves lives”, said Nicola Kimm, Head of Sustainability at Signify.
“As we strive for excellence, we continued to align our efforts with the recommendations set out in the industry-led Task Force on Climate-related Financial Disclosures. We also announced our approved science-based targets, which will help us to continue transitioning to a low-carbon economy.”
As recognition of their progress, Signify were named Industry Leader in the Electrical Components and Equipment category of the Dow Jones Sustainability Index for the second year in a row. In addition, they were included in CDP’s ‘Climate A list’ for reducing their own environmental impact, as well as in CDP’s ‘Supply Chain A list’.
Signify’s 2018 Sustainability highlights: