Case Study » Signify’s ambitious climate transition plan

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:

  1. Incentivizing Suppliers: Encouraging suppliers to commit to renewable energy sources.
  2. Electrifying Logistics: Transitioning the logistics fleet to electric vehicles.
  3. 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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