Signify has been awarded the highest Platinum rating from EcoVadis, which ranks businesses’ sustainability impact, for the sixth year running.
EcoVadis provides sustainability ratings for 73,000 companies worldwide. Its ratings provide detailed assessments of sustainability performance in areas such as environmental impact, labour and human rights standards, ethics, and procurement practices.
‘Our ambition is to live up to the highest standards in our own operations, while creating value for our customers through efficient, connected solutions that support their goals to use less electricity, preserve value, reduce cost and help achieve lower emissions targets,’ Maurice Loosschilder, head of sustainability at Signify, told the Circular Lighting Report.
Sustainability initiatives include lighting-as-a-service, 3D printed luminaires, redesigned plastic-free packaging and increasing the use of post-consumer recycled plastic in its products.
Last year, the company announced that it had halved its greenhouse gas (GHG) emissions since 2019, achieving a cumulative GHG emissions reduction of 334 million tonnes CO2e beyond the level required to meet the Paris Agreement 1.5-degree target.
Signify says it is ahead of schedule to achieve its 2025 target to reduce greenhouse gas emissions across its entire value chain by 40 per cent against the 2019 baseline.
In 2023 the company reported a yearly reduction of 22 per cent in 2023.
The targets were set as part of Signify’s sustainability programme, launched in 2020. The programme is aligned to the United Nations Sustainable Development Goals and aims to double Signify’s positive impact on the environment and society by the end of 2025.
As part of this program, the company is reducing its emissions at double the pace required by the Paris Agreement’s 1.5-degree scenario.
It also commits to double its circular revenues to 32 per cent and Brighter Lives revenues to 32 per cent and to double the number of women in leadership roles to 34 per cent by the end of 2025.
