+
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.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?