Signify Launches Brighter Lives, Better World 2030

“Brighter Lives, Better World 2030 is designed to deliver solutions that improve lives, save energy, and make better use of resources - which is exactly what our customers are asking for,” said As Tempelman, CEO of Signify. “It shows that impact and opportunity go hand in hand, as we create real value for society, while building a stronger, more resilient company.”

Driving impact where it matters most

Focusing on customers’ most pressing challenges, Brighter Lives, Better World 2030 responds to rising demand for efficient, connected and electrified solutions. Addressing increasing demand for electricity¹ and volatile pricing, resource scarcity and the need for healthier, safer, more resilient and livable environments – the program transforms the potential of light into meaningful impact.

“We're proud to introduce the third chapter of Brighter Lives, Better World. Our new program builds on the progress of the past decade, remaining fully committed to our 2040 net zero ambition, with new targets that focus on reducing the energy and resource consumption of our customers, while continuing to drive innovations that improve safety & security, health and well-being,” said Maurice Loosschilder, Head of Sustainability at Signify.

Benefits beyond illumination

Signify continues to expand the role of lighting that is designed to improve quality of life, support more welcoming and productive indoor environments, enhance safety and security in cities and communities, enable more efficient food production, and increase access to solar lighting.

• By the end of 2030, 41% of revenues will come from solutions that support benefits beyond illumination, rising from 31% in 2024.

Energy efficiency as a growth accelerator

Energy efficiency is a powerful enabler of electrification and the energy transition. Through continuous advances in LED and connected lighting, Signify helps customers reduce energy demand, manage costs, and lower emissions.

By the end of 2030, Signify commits to:

• Cumulatively saving 60 TWh of energy for customers
• Achieving a 35% reduction in portfolio CO₂ emission intensity annualised

Since introducing the Green Switch program in 2020, Signify has supported over 37,000 projects with cities across the globe, helping over 10,000 local authorities to switch their lighting systems from conventional to connected LED. An expanded Signify Switch program offers guidance on how efficient LED and connected lighting can advance energy and cost savings, and emissions reduction, as well as how to improve the quality of indoor and outdoor light, contribute to street safety and install solar lighting where the grid may not be available. Customers can receive support in choosing the right lighting products, systems, and services, as well as identifying sources of finance and funding.

Resource efficiency and circular value

To advance the circular economy, Signify will scale durable, upgradable, repairable, and recyclable products, alongside circular services. These solutions are designed for circularity, following a “use less, use longer, use again” framework that aims to reduce the consumption of virgin materials and energy while delivering long-term customer value.

Signify Circle revenues will include four categories:

• Signify Circle products
• Light as a Service
• Remanufacture
• Spare parts & upgrade kits

These products and services will constitute Signify Circle, a new initiative for professional customers to support their circular economy ambitions. It delivers products, services and business models that are aligned to well-defined circularity criteria, alongside clear and transparent labelling and customer education.

“Our customers want products they can trust – that last for a long time and can adapt to their changing needs,” said Sophie Breton, President, Professional Business, Europe at Signify. “Signify Circle will help our professional customers in Europe to make informed choices about the products and services they need to support their circular economy ambitions.”

• Starting in Europe, Signify aims to grow circular product and service revenues in its Professional business from 10% to 27.5% by the end of 2030.

Built on a foundation of responsible business

Brighter Lives, Better World 2030 is underpinned by Signify’s long-term commitments to low nature-impact manufacturing, inclusive workplaces, fair working conditions throughout the value chain, and expanding access to lighting for underserved communities – ensuring growth is built on transparency, inclusiveness and respect for human rights.

Progress on Signify’s Brighter Lives, Better World 2030 program will be reported on a quarterly basis, in line with the company’s financial results.

¹ "Global electricity demand is set to grow by over 3.5% a year to 2030" Data just released from IEA https://www.iea.org/news/global-electricity-demand-is-set-to-grow-strongly-to-2030-underscoring-need-for-investments-in-grids-and-flexibility?utm_content=buffer98608&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer