Philips is set to put its sustainability programme front row centre by ensuring that 80 percent of its turnover derives from environmentally friendly products.
'We have firm goals for 2020 that include improving energy efficiency, reducing waste through circular lighting and delivering access to light in off-grid areas.'
The company is aiming to become a carbon neutral organisation by 2020 and the programme marks the first time that Philip’s lighting division has set its own sustainability goals. The new push has been launched as part of New York City's Climate Week.
‘We have firm goals for 2020 that include improving energy efficiency, reducing waste through circular lighting and delivering access to light in off-grid areas,’ commented Philips Lighting CEO Eric Rondolat.
‘We are convinced that we can combat climate change and reduce global energy demand through our commitment to sell more than two billion LED light points by 2020. For us, sustainability is a double win: a driver for economic growth and a means of advancing the planet,’ Rondolat concluded.
The company claims its sustainable revenues accounted for 72 percent of its total sales in 2015. As well as this Philips Lighting increased its use of renewable electricity.
The company plans to compensate for emissions it simply cannot avoid by investing in carbon offset projects.
As well as launching the new programme, Philips Lighting, in conjunction with the Climate Group and the World Green Building Council, have called for all new buildings to use LED lighting by 2020 with all existing buildings meeting the same goal by 2030.