Signify makes ‘A list’ of green firms
The industry’s biggest luminaire maker Signify has been included in an ‘A-List’ of top companies who have exceptional sustainability measures and are open about their climate impact.
The company appears on the Carbon Disclosure Project’s climate ranking for the seventh consecutive year.
The register– based on data reported through CDP’s 2023 Climate Change questionnaire – names 346 companies that achieved an A rating out of over 21,000 companies scored.
Maurice Loosschilder, Signify’s Global Head of Sustainability, told the Circular Lighting Report: ‘We’re proud to be included on the CDP Climate A list for the seventh year running. This is thanks to the actions we have been taking across the company to mitigate climate change across our entire value chain. Our continued focus is keeping us on track to reach our 2025 decarbonisation target at double the pace required by the Paris Agreement 1.5-degree scenario.’
CDP holds the largest environmental database in the world, and CDP scores are widely used to drive so-called ESG investment and procurement decisions. In 2023, over 740 financial institutions with over £100 trillion in assets requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform.
CDP says it uses a detailed and independent methodology to assess the companies, allocating a score of A to D, based on the comprehensiveness of disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.
Those that do not disclose or provide insufficient information are scored an F.
‘We saw a 24 per cent increase of disclosures last year and that trajectory is to be applauded’, Sherry Madera, CEO of CDP, told the Circular Lighting Report. ’It is only by laying the groundwork of disclosure that companies can show they are serious about the vital part they play in securing a net-zero, nature-positive future.
‘Earning a place on the A List is about more than the score’, she emphasises. ‘It’s an indication of high quality, complete data that equips companies with a holistic view of their environmental impact, serves as a baseline for transition plans and – crucially – enables them to follow through on their ambitions.’
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