Signify included in top green benchmark
Signify has been included in the Dow Jones Sustainability World Index for the seventh consecutive year.
Inclusion in the index is based on the S&P Global Corporate Sustainability Assessment, in which Signify achieved an overall score of 80 from a possible 100. This confirms Signify as a leader in sustainability, ranking second among electrical component and equipment companies.
Siemens, Schneider and Rexel also made the list.
‘The Dow Jones Sustainability World Index is a key benchmark of sustainability performance, and we’re honoured to be included for another year,’ Eric Rondolat, chief executive officer of Signify, told the press.
‘This achievement reflects the deep integration of sustainability with our business strategy and operations, and reinforces our commitment to embedding climate action and sustainability throughout our value chain.’
Signify obtained full scores (100/100 as of December 8, 2023) in 50 categories, including Emissions Reduction Targets, Low-Carbon Products, Resource Efficiency and Circularity, Energy Consumption, Innovation Management, IT Security/ Cybersecurity Measures, Human Rights Assessment and Mitigation and Remediation.
In 2023, the third year of Signify’s ambitious five-year Brighter Lives, Better World 2025 sustainability program, the company says it remains on target to double the pace of the Paris Agreement 1.5°C scenario.
In the third quarter of 2023, the company reported that it reached the 2025 target for circular revenues of its Brighter Lives, Better World 2025 sustainability program, which stood at 32 per cent.
Brighter lives revenues increased to 31 per cent, on track to reach the 2025 target of 32 per cent. The company says that these actions contribute to Signify’s ambition to double its positive impact on the environment and society by the end of 2025.
The company also holds anEcoVadis Platinum, the highest distinction in the international sustainability rating scheme.
The company 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.
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