Signify's ambitious climate transition plan
Discover how Signify, the global leader in lighting, is spearheading the charge toward sustainability with its ambitious plan to cut greenhouse gas emissions by 90% and achieve net-zero by 2040.
Signify, a global leader in lighting, has launched an ambitious Climate Transition Plan aiming to reduce greenhouse gas (GHG) emissions by 90% across its entire value chain by 2040. This comprehensive initiative underscores Signify’s commitment to sustainability and its leadership in driving energy-efficient lighting solutions.
The company has a longstanding history of innovation and leadership in the lighting industry. Recognising the significant environmental impact of its products, the company has committed to ambitious science-based targets to reduce GHG emissions and promote sustainable practices.
In 2020, Signify achieved carbon neutrality across its operations by utilizing 100% renewable electricity.
New objectives
The key objectives of Signify’s Climate Transition Plan are:
- Achieve net-zero GHG emissions across the entire value chain by 2040.
- Reduce absolute scope 1, 2, and 3 GHG emissions by 50% by 2030 from a 2019 baseline.
- Achieve a 90% reduction in absolute scope 1, 2, and 3 GHG emissions by 2040 from a 2019 baseline.
How will this be achieved?
Signify’s Climate Transition Plan includes various initiatives to meet these ambitious targets:
- Incentivizing Suppliers: Encouraging suppliers to commit to renewable energy sources.
- Electrifying Logistics: Transitioning the logistics fleet to electric vehicles.
- Expanding LED Use: Promoting the adoption of energy-efficient LED lighting, which has significantly reduced the lighting industry’s emissions.
Since 2019, Signify has achieved a 50% reduction in GHG emissions across its value chain. However, a substantial portion of the global lighting stock still uses conventional technologies, presenting significant potential for further emission reductions.
A global shift to energy-efficient LED lighting could reduce global GHG emissions by 1%, which is equivalent to half the emissions from the aviation industry.
Working together
Signify collaborates with various stakeholders to accelerate the transition to sustainable energy:
- Climate Group Partnership: Signify partnered with Climate Group and other organizations to launch Renovation Revolution, aiming to increase renovation rates across the EU to meet the 2050 net-zero goals.
- Public Engagement: Engaging with customers, employees, partners, and public decision-makers to promote climate action across the industry and beyond.
Signify has been recognized on the CDP Climate A-List for its transparency and performance on climate action. The company also continues to innovate in sustainable lighting technology, with projects like connected lighting control systems and solar-powered lighting, further reducing energy consumption and emissions.
In 2022, Signify reported climate action revenues between 61% and 64% and maintained carbon neutrality in its operations. The company is on track to meet its 2025 sustainability targets, including doubling the pace of the Paris Agreement’s 1.5°C scenario and increasing circular revenues.
Signify will provide regular updates on its progress in its annual reports, maintaining transparency and accountability as it works towards its 2040 net-zero goal.
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