EINDHOVEN, the Netherlands – Signify has received an ‘A’ score for action and transparency on climate change from global environmental non-profit CDP for the sixth consecutive year. This is a recognition of Signify’s ongoing commitment to comprehensive climate disclosure, awareness of environmental risks, and adherence to leading best practices.
Based on data reported through CDP’s 2022 Climate Change questionnaire, Signify is one of just 283 companies that achieved an A score. CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. This year, CDP scored nearly 15,000 companies on their environmental disclosure.
Signify achieved carbon neutrality in its operations in 2020 and has actively reduced its operational carbon emissions by more than 70% since 2010. At the end of 2022, the company is on track with its ambitious Brighter Lives, Better World 2025 sustainability targets, including doubling the pace of the Paris Agreement 1.5°C scenario to cut emissions over the value chain.
“I am very pleased our company has been recognized once again for comprehensive climate reporting,” said Eric Rondolat, CEO of Signify. “We welcome a widespread shift to detailed and transparent disclosure across all industries, which helps customers and investors make informed decisions that align with their own ambitions and values.”
Maxfield Weiss, Executive Director, CDP Europe, said: “With the EU’s ground-breaking new reporting regulation, the CSRD, now agreed, CDP A List companies are showing they are ahead of the game – taking clear action to reduce emissions and to address environmental impacts throughout their value chains. This is the type of environmental transparency and action we need economy-wide to prevent ecological collapse.’’
Signify recently announced that it is included in the Dow Jones Sustainability World Index (DJSI) for the sixth consecutive year. Inclusion in the DJSI is based on the S&P Global Corporate Sustainability Assessment, in which Signify scored in the top 1% of its industry (as of December 9, 2022).