Signify achieves EcoVadis Platinum
Signify has achieved EcoVadis Platinum, the highest distinction in the international sustainability rating scheme.
The company – the largest lighting brand in the world – reached a score of 84/100, making it the fourth year in a row in which it has maintained platinum status. This places Signify in the top 1 per cent of all companies assessed.
Platinum grading was only introduced by Ecovadis in 2020.
Until then, Signify was awarded Gold status since becoming accredited in 2017.
It reduced its operational carbon footprint by more than 70 per cent over the last decade. The company also says it is on track to deliver against its ambitious goal of doubling the pace of the Paris Agreement’s 1.5o scenario by the end of 2025.
In the last financial year Signify increased what it terms it circular revenues to 29 per cent of global revenues and its Brighter Live, Better World revenues to 27 per cent, which is a significant step towards the target of 32 per cent for both revenue streams by the end of 2025.
For Circular revenues, this positive trend is driven by serviceable and circular luminaires. The Brighter lives revenues benefitted from a strong contribution from the consumer well-being and safety and security portfolios.
At the same time, Signify increased the percentage of women in leadership in 2022 to 28 per cent, an improvement versus the end of 2021, yet slightly off track to reach its 2025 target of 34 per cent.
‘The goals of our Brighter Lives, Better World 2025 programme are ambitious, so I’m proud of how much progress we’ve made at the end of the program’s second year,’ Signify’s head of sustainability Maurice Loosschilder told the Circular Lighting Report.
‘We need to address the important social and environmental challenges of our time, by looking beyond our own operations to increase our positive impact across our entire value chain’
• Diary date: Circular Lighting Live 2024, Recolight’s flagship conference and exhibition, takes place on Wednesday 9 October 2024 at the Royal College of Physicians in London. Free to specifiers, Circular Lighting Live 2024 will feature leading experts, specifiers and policy makers who will share their insights into forthcoming standards and legislation, emerging technologies and new business models. More info: www.circularlighting.live