Signify N.V.
Dutch company Signify NV, formerly Philips Lighting NV, focuses on lamps, energy-efficient LED lights and smart lighting. In addition, the company offers services to B2B customers, such as energy audits, light design and engineering, as well as remote monitoring and managed services.
Why is the company part of the portfolio?
Climate protection: Reducing emissions
LEDs use around 90 per cent less electricity than conventional light bulbs. A complete switch to LEDs could save us millions of tons of carbon emissions each year. Signify does not only drive this development by being one of the major producers and developers of LEDs. It's smart lighting products for both consumer and businesses further help to decrease our energy use and therewith greenhouse gas emissions. As a company Signify's operations are carbon neutral and powered by 100 % renewable electricity. The company has set ambitious goals to further decrease emissions along its entire value chain.
Conservation: Transforming systems
Signify is committed to building a circular economy. Since 2020 the company has sent zero waste to landfill and since 2021 consumer products are no longer packed in plastic. New products are designed to be circular (for example by making them easy to repair and update). Signify has set the goal to double its revenues from circular products to 32 % by 2025.
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