Signify becomes carbon neutral in India

Global lighting solutions provider Signify Thursday said it has achieved carbon neutrality in India, which is a part of its growth markets.

The company is planning to enhance energy efficiency in five markets specifically ASEAN, Far East, India, Indonesia and Pacific, said Signify (earlier known as Philips Lighting) said in a statement.

This will boost Signify's number of markets with carbon-neutral operations to 15 out of a total of 19, it added.

Commenting on the development Sumit Padmakar Joshi, Market Leader India at Signify said: "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".

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 programme.

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," it said.

Signify operates in lighting for professionals and consumers and lighting for the Internet of Things and is present in over 70 countries.

In 2018, it had reported sales of EUR 6.4 billion Euro.