Signify 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 carbonneutral operations to 15 out of a total of 19.
By focusing on energy efficiency, renewable energy consumption and office space optimisation, 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.”