Signify achieves carbon neutral operations in India
Real Estate

Signify achieves carbon neutral operations in India

Signify (Euronext: LIGHT) has achieved carbon neutrality in India, which is a part of its growth markets. The achievement is part of a total of five more markets – specifically ASEAN, Far East, India, Indonesia and Pacific – achieving carbon neutrality, boosting Signify’s number of markets with carbon-neutral operations to 15 out of a total of 19. This brings Signify a big step closer towards achieving 100 per cent carbon-neutral operations in 2020, one of the goals of its “Brighter Lives, Better World” sustainability program.

By focusing on energy efficiency, renewable energy consumption and office space optimization, the five markets have reduced their overall carbon emissions by 19 per cent in 2019. This includes a reduction of 33 per cent from non-industrial sites, 17 per cent from industrial sites, 32 per cent from business travel and 18 per cent from logistics. Signify offsets its remaining emissions through contributions to projects that have a positive environmental and social impact, including small-to-medium-sized wind farms in India and a hydro plant in Vietnam that operates without using a dam.

“I’m extremely proud of the relentless commitment of all our employees that resulted in this great milestone, showing that carbon neutrality is possible and that it is possible today,” said Sumit Padmakar Joshi, Market Leader – India at Signify. “We hope that our achievements inspire other companies around us and we call upon them to join initiatives that will result in global carbon neutrality by 2050.”

Signify introduced its “Brighter Lives, Better World” sustainability program in 2016, setting ambitious sustainability goals for 2020, consisting of two pillars:

1. Sustainable revenues:
  • 80 per cent of revenues will come from sustainable products, systems and services by 2020
  • More than 2 billion LED lamps and luminaires delivered by 2020

2. Sustainable operations:
  • 100 per cent carbon neutral for operations
  • 100 per cent use of renewable electricity
  • Zero waste to landfill in manufacturing
  • Strive for a safe and healthy workplace with a total recordable case rate of less than 0.35
  • Ensuring a sustainable supply chain with a minimum supplier performance rate of 90 per cent

As part of the company’s leadership in energy efficiency measures Signify is committed to the World Green Building Council’s initiative to have all of its buildings be carbon neutral by 2030. In addition, Signify supports The Climate Group’s EV100 initiative to operate a 100% electric and hybrid lease fleet by 2030 and its RE100 initiative to scale up the use of renewable electricity. To further support these initiatives, during Climate Week New York 2019, Signify called on companies and countries to join the Three Percent Club, so carbon neutrality can be achieved by 2050.

Additionally, Signify was named Industry Leader in the Electrical Components and Equipment category of the 2019 Dow Jones Sustainability Index (DJSI), receiving recognition for all its sustainability improvements for the third consecutive year.

Signify (Euronext: LIGHT) has achieved carbon neutrality in India, which is a part of its growth markets. The achievement is part of a total of five more markets – specifically ASEAN, Far East, India, Indonesia and Pacific – achieving carbon neutrality, boosting Signify’s number of markets with carbon-neutral operations to 15 out of a total of 19. This brings Signify a big step closer towards achieving 100 per cent carbon-neutral operations in 2020, one of the goals of its “Brighter Lives, Better World” sustainability program.By focusing on energy efficiency, renewable energy consumption and office space optimization, the five markets have reduced their overall carbon emissions by 19 per cent in 2019. This includes a reduction of 33 per cent from non-industrial sites, 17 per cent from industrial sites, 32 per cent from business travel and 18 per cent from logistics. Signify offsets its remaining emissions through contributions to projects that have a positive environmental and social impact, including small-to-medium-sized wind farms in India and a hydro plant in Vietnam that operates without using a dam.“I’m extremely proud of the relentless commitment of all our employees that resulted in this great milestone, showing that carbon neutrality is possible and that it is possible today,” said Sumit Padmakar Joshi, Market Leader – India at Signify. “We hope that our achievements inspire other companies around us and we call upon them to join initiatives that will result in global carbon neutrality by 2050.”Signify introduced its “Brighter Lives, Better World” sustainability program in 2016, setting ambitious sustainability goals for 2020, consisting of two pillars:1. Sustainable revenues:80 per cent of revenues will come from sustainable products, systems and services by 2020More than 2 billion LED lamps and luminaires delivered by 20202. Sustainable operations:100 per cent carbon neutral for operations100 per cent use of renewable electricityZero waste to landfill in manufacturingStrive for a safe and healthy workplace with a total recordable case rate of less than 0.35Ensuring a sustainable supply chain with a minimum supplier performance rate of 90 per centAs part of the company’s leadership in energy efficiency measures Signify is committed to the World Green Building Council’s initiative to have all of its buildings be carbon neutral by 2030. In addition, Signify supports The Climate Group’s EV100 initiative to operate a 100% electric and hybrid lease fleet by 2030 and its RE100 initiative to scale up the use of renewable electricity. To further support these initiatives, during Climate Week New York 2019, Signify called on companies and countries to join the Three Percent Club, so carbon neutrality can be achieved by 2050.Additionally, Signify was named Industry Leader in the Electrical Components and Equipment category of the 2019 Dow Jones Sustainability Index (DJSI), receiving recognition for all its sustainability improvements for the third consecutive year.

Related Stories

Gold Stories

Next Story
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement