Signify gets ‘A’ score for climate change action
The world’s biggest lighting brand has received an ‘A’ score for its action on climate change and its transparency on its operations.
Signify got the recognition from CDP, the respected carbon disclosure project and non-profit organisation.
It is the sixth consecutive year that Signify has got the top rating. It was awarded as recognition of ‘its ongoing commitment to comprehensive climate disclosure, its awareness of environmental risks, and adherence to leading best practices’.
Based on data reported through CDP’s 2022 Climate Change questionnaire, Signify is one of 283 companies that achieved an A score. CDP’s annual environmental disclosure and scoring process is recognised as the gold standard of corporate environmental transparency. This year, CDP scored nearly 15,000 companies on their environmental disclosure.
Signify achieved carbon neutrality in its operations in 2020 and has reduced its operational carbon emissions by 70 per cent since 2010.
At the end of 2022, the company says it is on track with its ambitious Brighter Lives, Better World 2025 sustainability targets, including doubling the pace of the Paris Agreement 1.5°C scenario to cut emissions over the value chain.
‘I’m very pleased our company has been recognised once again for comprehensive climate reporting,’ said company CEO Eric Rondolat, pictured. ‘We welcome a widespread shift to detailed and transparent disclosure across all industries, which helps customers and investors make informed decisions that align with their own ambitions and values.”
Maxfield Weiss, executive director, CDP Europe, told the Circular Lighting Report: ‘With the EU’s ground-breaking new reporting regulation, the CSRD, now agreed, CDP A List companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains.
‘This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse.’’
Signify recently announced that it is included in the Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year. Inclusion in the DJSI is based on the S&P Global Corporate Sustainability Assessment, in which Signify scored in the top 1 per cent of its industry (as of December 9, 2022).
• Recolight offers special one-day training workshops on ‘Lighting product design for a Circular Economy’. Hosted by industrial designer Simon Fisher of F Mark, the CPD-accredited event explores the design criteria, regulations and standards to help lighting manufacturers apply and demonstrate circular economy principles in product development. More HERE.