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Climate Transition
Manage episode 475784026 series 3657795
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Signify’s Climate Transition Plan sets out the company’s climate strategy in line with its SBTi -validated net-zero targets:
- Net-zero greenhouse gas emissions across the entire value chain by 2040
- 50% reduction in absolute scope 1, 2 and 3 greenhouse gas emissions by 2030, compared with 2019 base year
- 90% reduction in absolute scope 1, 2 and 3 greenhouse gas emissions by 2040, compared with 2019 base year
The Plan includes initiatives and programs across the business and value chain, which include incentivizing suppliers to commit to renewable energy, electrification of the logistics fleet and further extending the use of energy-efficient LED lighting – the single biggest factor in reducing the lighting industry’s emissions in recent years.
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