Signify ‘on track to double its positive impact on environment’
Signify says it is on its way to doubling its positive impact on the environment and society while remaining carbon neutral.
New figures reveal that having reduced its operational carbon footprint by more than 70 per cent over the last decade, the company said.
It says it ramped up efforts in 2022, not just in operations, but across the value chain, to minimise the impact of climate change.
At the end of 2022, the company 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.
Company CEO Eric Rondolat, pictured, revealed that Signify has 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% 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 & security portfolios.
At the same time, Signify increased the percentage of women in leadership to 28 per cent, an improvement versus the end of 2021, yet slightly off track to reach its 2025 target of 34%. We will continue our effort to improve diversity at all levels, attracting candidates from more diverse pipelines and driving development and internal mobility to increase representation across our company.
‘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’.
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