Signify

This submission reflects this organization's contribution to the climate effort, representative of their current actions and commitments as well as the ways in which they intend to step up and collaborate with others.

Signify's Climate Action Contribution

About Signify's Climate Efforts

At Signify, we are taking a leading role to bring better light to the world and to help provide a more sustainable future. We do this by delivering light which is energy efficient, saves resources and improves lives. At Signify, we also "walk the talk" and commit to becoming carbon neutral by 2020. We are driving our zero waste to landfill program, striving for a zero injury place, and are engaging suppliers for a sustainable supply chain. We support our public and corporate customers to transition to energy efficient lighting products, systems and services.

Climate Action Commitments

Current Climate Actions Signify Is Taking:

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Commit to Joining the Science Based Targets Initiative (SBTi)

Join some of the world’s leading businesses that are setting ambitious, ‘science-based’ emissions reductions targets that ensure their GHG reduction targets meet the level of ambition needed to limit the increase in global average temperature to well below 2°C.

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Commit to 100% Renewable Power: RE100

Companies joining RE100 make a commitment to 100% renewable electricity across their operations , working to increase corporate demand for – and delivery of – renewable energy.

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Commit to Responsible Corporate Engagement in Climate Policy

Join companies and investors that are helping to shape government policy on climate, taking early action and leadership, and showcasing their commitment to a safer and more prosperous economy.

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Commit to Implement the Recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD)

Climate change poses serious risks to the global economy, yet investors and financial markets lack clear and comparable information about which companies or assets are most exposed and which are best prepared. Companies making this commitment agree to implement the recommendations of the TCFD for reporting climate-related financial information in mainstream reports (annual financial filings) as fully as practicable over the next three years.

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Current Climate Actions Report

New Climate Actions Signify Commits To Take:

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Commit to Electric Vehicles and Charging Infrastructure: EV100

Companies and institutional investors joining to EV100 are committed to driving the transition to electro-mobility, leveraging corporate leadership as a crucial catalyst for building market demand and to establishing electric vehicles as the mainstream solution by 2030.

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Areas For Collaboration

We are interested in collaborating on the following:

Efficient Buildings
  • Encouraging more aggressive state energy efficiency policies
  • Improving efficiency in existing buildings through real estate transactions

Electric Vehicles
  • Aggregating demand for electric vehicles with other actors
  • Promoting increased charging infrastructure

HFC Phase Down
  • Promoting greater participation in voluntary programs to phase out HFCs

Local Collaboration
  • Collaborate on climate and clean energy action, and to advocate for stronger climate policy at the local level

Utility Sector
  • Aggregating demand for renewable energy with other actors
  • Supporting states, cities, and utilities in decarbonizing their energy supply
Other collaborations
Signify is working on LED Transition with the Climate Group, on Net Zero Carbon Buildings with the World Green Building Council, with the IEA/CEM on the Global Energy Challenge, with Sustainable Energy for All (SE4ALL) and with UN environment on the enlighten/ United for Efficiency (U4E) program. We have also partnered with ICLEI, LUCI and R20.

Organization details

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2017 sales of EUR 7.0 billion, approximately 32,000 employees and a presence in over 70 countries, we unlock the extraordinary potential of light for brighter lives and a better world.
Sector
Business
Location
Franklin Township, NJ