Signify NV

02/23/2021 | Press release | Distributed by Public on 02/23/2021 02:08

Completing our Brighter Lives Better World 2020 program

'We're thrilled to announce that we've successfully achieved all our 2020 commitments! All of us at Signify can be proud of delivering on our ambitious milestones on carbon neutrality, sustainable revenues, safety, supplier sustainability and zero waste to landfill,' said Nicola Kimm, Head of Sustainability, Environment, Health & Safety at Signify. 'Now, we embark on a new, five-year journey to double our positive impact on the environment and society. We will do so by driving our Brighter Lives, Better World program, which is fully connected to our purpose and integrated into our overall company strategy and the way we do business.'

All of our 2020 achievements contribute to the six United Nations' Sustainable Development Goals (SDGs) where we can make the biggest impact:

Sustainable revenues:

  • 84% of revenues from a portfolio of sustainable products, systems and services, exceeding the 2020 target of 80%
  • 2.923 billion LED lamps and luminaires delivered since 2015, avoiding the release of 72,988 kilotonnes of CO2

Sustainable operations:

  • Carbon neutrality for all operations across the world
  • Use of 100% renewable electricity
  • Zero waste to landfill across all manufacturing sites
  • Best-ever safety performance (total recordable case rate of 0.22, target <0.35)
  • 99% performance rate in supplier sustainability (target 90%)
  • Lit the lives of 6 million people through expansion of solar lighting and supported 9,266 entrepreneurs with technical and business skills development since 2017

In September 2020, we launched our new Brighter Lives, Better World 2025 program, with the SDGs as our strategic compass. This program sets even more ambitious commitments. We will double our positive impact on society and the environment. We take a value chain perspective and we increase our focus on the positive impact of light. Already carbon neutral in our operations, we will extend our efforts to enable others to accelerate climate action with the following ambitions:

  • Double the pace at which we achieve the 1.5 C scenario of the Paris Agreement
  • Double our Circular revenues to 32%
  • Double our Brighter lives revenues to 32%
  • Double our % of women in leadership to 34%