Signify achieves carbon neutrality
Sets course to double its positive impact on the environment and society
Signify has achieved carbon neutrality for all its operations across the world as well as using 100% renewable electricity. While the company progresses towards its remaining commitments for 2020, it will already embark on a new five-year journey in which it will focus on doubling its positive impact on the environment and society.
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.
“We would like to congratulate Signify on their fantastic achievement of carbon neutrality across all operations in 2020. We have been working in partnership with them for over 10 years to accelerate the global adoption of energy efficient LED lighting and through Signify’s support of RE100 and EV100,” said Helen Clarkson, CEO of The Climate Group. “The 2020s are the Climate Decade as we need to halve global emissions by 2030 to get us on track to meet the goals of the Paris agreement, so we need more companies to follow Signify’s lead in setting their own net zero targets.”
“It is a truly significant achievement for us and we call on many others to join us,” said Eric Rondolat, CEO of Signify. “However, the world is still facing demographic change, urbanization, climate change and resource scarcity. This is not a time to pause and celebrate, but a time to become even more ambitious and accelerate our efforts to address these challenges. Growth for sustainability and providing a great place to work are firmly anchored as central parts of our company strategy. This means that when it comes to sustainability, we will go beyond carbon neutrality and double our positive impact on the environment and on society in 2025.”
As part of its commitment to climate action (SDG13), it will go beyond carbon neutrality and reduce carbon emissions over its entire value chain. Already in 2025, it will achieve the 2031 target set out for companies in the Paris agreement to limit temperature rises to 1.5°C over pre-industrial times.