04/18/2024 | Press release | Distributed by Public on 04/18/2024 01:03
"Absolute emissions reduction has always been the backbone of our climate action. We have reduced more than 75% of our operational carbon footprint since 2010. Through the combination of radical improvements in the efficiency of our products and hundreds of initiatives implemented in factories, offices, and across our operations, we have reduced our full scope greenhouse gas emissions by half since 2019."
In 2019, Signify became one of the first 30 companies worldwide to have its carbon emissions reduction targets validated by the SBTi to be aligned with the 1.5°C pathway. Having surpassed its 2025 targets, Signify has set further near- and long-term reduction targets and will be introducing a detailed Climate Transition Plan in 2024. The following climate goals have been reviewed and validated as science-based net-zero targets:
Signify has halved its greenhouse gas emissions since 2019, with a cumulative reduction of 334 million tonnes CO2e in excess of the requirements of the Paris agreement's 1.5-degree pathway.