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European Climate Pact

Overview

Location

Netherlands

Sector

Manufacturing

Organisation type
Business

Company Information

Signify specialises in lighting, with expertise in the development, manufacture and sale of innovative, energy-efficient lighting products, systems, and services. It is publicly listed and headquartered in Eindhoven, Netherlands. In 2021, the company reported a total of 36,824 employees and a sales revenue of 6.9 billion Euros.*

*Source

Our progress towards decarbonization

 

GHG Emissions

North Star

  • Signify N.V. has a target to reduce absolute scopes 1 and 2 CO2e emissions 70% by 2030 from a base year of 2015. Signify N.V. has a target to reduce absolute scope 3 CO2e emissions 30% by 2030 from a base year of 2015

PledgeHave an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have an internal price on carbon 
  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
  • Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
  • Have an initiative in place to drive GHG emissions reduction through non-energy industrial process emissions reductions
  • Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Energy

North Star

  • Signify N.V. has a company-wide target to consume 100% of electricity from renewable sources by 2021 from a baseline of 56.0% renewable electricity consumption in 2015

Pledge: Have a target for 100% renewable electricity consumption by no later than 2050, in line with the RE100 technical criteria 

​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Governance & Strategy

Our actions – the Pathway

  • Publicly disclose climate and environmental data to investors and customers through a public platform
  • Have board-level oversight of climate-related issues
  • Have a process for identifying, assessing, and responding to climate-related risks and opportunities
  • Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Buildings

Our actions – the Pathway

  • Have an initiative in place to drive GHG emissions reduction through energy efficiency in buildings

​​​​​​​​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

 

Value chain engagement

North Star

  • Signify N.V. has a supplier engagement target to get 100.0% of its suppliers by procurement spend to set a science-based emission reduction target

​​​​​​​Pledge: Have a supplier engagement target in order to reduce scope 3 GHG emissions, to get a share of our suppliers by procurement spend set science-based GHG emissions reduction targets in line with the SBTi Criteria and Recommendations

​​​​​​​​​​​​​​​​​​​​​​​​​​​​MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

  • Have a supplier/customer engagement strategy designed to offer financial incentives for suppliers who reduce operational GHG emissions (Scope 1+2)
  • Have an ongoing and transparent dialogue with our value chain around climate-related issues
  • Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (25/07/2022)

Data source: CDP Climate Change 2022