Signify

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, announces that it is expanding its climate action with ambitious new Net Zero emissions reduction targets. The company has introduced a 2040 net-zero target and a commitment to reduce absolute scope 1, 2 and 3 greenhouse gas (GHG) emissions by 90% without the use of carbon credits. These targets have been reviewed and validated by the Science Based Targets initiative (SBTi).

We believe we have an important role to play in the transformation toward a low-carbon economy. Our dedication to sustainable innovation has enabled us to continuously break through energy efficiency technology barriers with our LED products and connected systems.

Click to expand...

Maurice Loosschilder
Global Head of Sustainability at Signify

“Absolute emissions reduction has always been the backbone of our climate action. We have reduced more than 75% of our operational carbon footprint since 2010. Through the combination of radical improvements in the efficiency of our products and hundreds of initiatives implemented in factories, offices, and across our operations, we have reduced our full scope greenhouse gas emissions by half since 2019.”

In 2019, Signify became one of the first 30 companies worldwide to have its carbon emissions reduction targets validated by the SBTi to be aligned with the 1.5°C pathway. Having surpassed its 2025 targets, Signify has set further near- and long-term reduction targets and will be introducing a detailed Climate Transition Plan in 2024. The following climate goals have been reviewed and validated as science-based net-zero targets:

• Overall Net-Zero Target: Signify commits to reach net-zero greenhouse gas emissions across the value chain by 2040.
• Near-Term Targets: Signify commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2019 base year. Signify also commits to reduce absolute scope 3 GHG emissions 50% within the same timeframe.
• Long-Term Targets: Signify commits to reduce absolute scope 1 and 2 GHG emissions 90% by 2040 from a 2019 base year. Signify also commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.

Signify has halved its greenhouse gas emissions since 2019, with a cumulative reduction of 334 million tonnes CO2e in excess of the requirements of the Paris agreement’s 1.5-degree pathway.

Signify’s sustainability program Brighter Lives, Better World 2025 set out to double the pace of decarbonization required by the Paris Agreement's 1.5°C scenario by the end of 2025. The company is proactive in reducing emissions across its supply chain, participating in the CDP Supply Chain program and encouraging suppliers to commit to science-based targets.

“We are proud to be part of the global movement for ambitious corporate decarbonization. This validation of our targets sets an example our peers and the broader industry must follow as we redouble our efforts to reduce emissions across the value chain in line with the Paris agreement’s 1.5-degree pathway,” said Loosschilder.

Signify (Euronext: LIGHT), the world leader in lighting, has committed to sharing the environmental impact of its full range of products. The company has already made available more than 2,000 Environmental Product Declarations (EPDs), covering more than 70,000 product variations around the world. Due to customer demand, the Americas are currently served by the Declare labelling system. As the EPD program continues, all products worldwide will ultimately receive EPDs.

Municipalities, businesses, and individuals are increasingly looking for fast, effective ways to reduce their environmental footprint. As lighting currently accounts for 12% of global electricity consumption and 5% of global CO2 emissions1, transitioning to energy-efficient LED lighting can significantly reduce global electricity consumption. EPDs quantify products’ environmental impact over their full life cycle, enabling comparisons to comparable products and empowering customers to make informed decisions on lighting investments.

In addition to driving greater transparency for customers, EPDs are advancing evidence-based sustainable innovation within Signify, providing a quantified footprint which acts as a baseline for further improvements in next generation product iterations.

Signify is committed to making the low-carbon future a reality, offering businesses, cities and consumers energy-efficient products, systems, and services that can reduce global electricity consumption for lighting by over a third2. Being transparent about our products’ environmental impact gives customers the information they need to make informed decisions, whether they are lighting cities, offices, or their own homes, as well as helping us to meet our own sustainability goals.

Click to expand...

Maurice Loosschilder
Signify’s Global Head of Sustainability

---

1 Based on 2020 figures by the IEA combined with data on global electricity consumption and CO2-emissions.
2 LED solutions can save 70% electricity consumption when replacing conventional lighting, and conventional lighting currently accounts for roughly 50% of global electricity consumption by lighting. For detailed information on Signify’s Green Switch calculation model, including the underlying assumptions and proposed conversions.

New operating model includes four verticalized businesses to enhance customer-centricity and speed of execution. Three of these will focus on customers: Professional, OEM and Consumer. The fourth will be dedicated to conventional lighting technologies. The changes will be implemented through 2024.

---

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, announces it is adapting its organization to enhance customer-centricity, speed of execution and reduce its structural costs.

“After the major transformation we achieved through the past decade, we are taking the next step by organizing our company around four vertically integrated businesses. Three of these will focus on customers: Professional, OEM and Consumer. The fourth will be dedicated to conventional lighting technologies.

Aligned to the new customer-centric structure, we will further adjust the size of our central organization and reduce our costs to support the company’s performance in the face of ongoing market volatility and uncertainty. Already started in Q4 2023, these changes will be implemented through 2024, with the majority achieved by Q2, and generating expected annualized savings in excess of €200 million.

Together, these measures will increase focus and accelerate the execution of our strategy, supporting our continued leadership in the transition to energy efficient connected lighting to unlock the extraordinary potential of light for brighter lives and a better world.”

Eric Rondolat
CEO of Signify

Moving forward, Signify will report against four businesses with vertically integrated P&Ls, adapted from the current three divisions as follows:

• The Professional business will offer LED lamps, luminaires, connected lighting systems and services to customers in the professional segment.
• The Consumer business will offer LED lamps, luminaires, and connected products, including Philips Hue and WiZ, to customers in the consumer segment.
• The OEM business will offer lighting components to the industry.
• The Conventional business will offer special lighting, digital projection, conventional lamps and lamp electronics.

The changes will be implemented through 2024, with the majority achieved by Q2, and are subject to proceedings with Signify’s social partners, depending on local legislation.

In the course of Q1 2024, Signify will make comparable financials available for the fiscal year 2023 under the new organizational structure and provide more information on one-off restructuring costs.

Signify accelerates the transition to energy efficient lighting with new UltraEfficient lamps for roads, retail, hospitality, and more

• The Philips MASTER LED SON-T UltraEfficient A-class lamps are the first A-class HID lamps at 4,000K registered in Europe¹, allowing easy replacement of conventional HID HPL/SON lamps with LEDs for road and street lighting.
• Signify also introduces UltraEfficient A-class GU10 LED spot and A-class dimmable LED bulb for various indoor applications, such as retail, hospitality, and residential.

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, continues to lead the transition to energy efficient lighting, helping municipalities, communities and businesses reduce their energy consumption by replacing legacy conventional lamps with the new Philips MASTER LED SON-T UltraEfficient (UE). Additionally, Signify is further extending its UltraEfficient LED range with the dimmable MASTER LEDbulbs UE and A-class MASTER LEDspots UE.

The new products meet the highest energy label, ‘A’, under the EU’s Ecodesign Regulation, and the Energy Labelling Regulation, which recently came into force. As A-class products, these new bulbs, spots, and lamps consume at least 43% less power to achieve the same output as standard alternative products².

Sustainability with a fast return on investment

The new Philips MASTER LED SON-T UE lamps are the first A-class LED SON-T lamps with a color temperature of 4,000K registered in Europe¹. The new lamps have a similar look, feel and light distribution to their conventional equivalents, and can be easily retrofitted into existing SON-T fittings. When upgrading from conventional HID lamps, a potential full return on investment can be achieved in 2.3 years³. Replacing 100 units of 100W conventional HID lamps with 42.8W A-class LED SON-T could save €7,046 per year³. The lamps are nondirectional and non-dimmable E27/E40 lamps, with a lumen range between 4,000 lm and 9,000 lm.

More reasons to upgrade

The new A-class MASTER LEDbulbs UE and A-class MASTER LEDspots UE GU10 consume at least 45% less energy, compared to standard LED alternatives, as well as lasting at least three times as long²,⁴. Additionally, the A-class MASTER LEDbulbs UE are now dimmable, allowing for customizable lighting experiences.

With the launch of these new additions to our UltraEfficient lineup, Signify continues to drive the shift from conventional lighting to more efficient LED lighting. We want to make it easier for our customers to implement innovative, value-add lighting solutions that help customers to quickly and effectively reduce their energy consumption.”

Michael Rombouts
Business Leader LED Lamps & Luminaires


Availability

• Philips MASTER LED SON-T UltraEfficient (2,700/4,000K, 19—43W, 3,600—9,000 lumen, 50—100W equivalent)
• Philips MASTER LEDspot UltraEfficient GU10 EELA (2,700/3,000/4,000K, 2.1W, 50W equivalent)
• Philips MASTER LEDbulbs UltraEfficient Dimmable (2,700/3,000K, 4W, 60W equivalent)
• Philips MASTER LEDbulbs UltraEfficient Globe G95 and ST64 (2,700K, 4W, 60W equivalent)
• Philips MASTER LEDluster UltraEfficient (2,700/4000K, 2.3W, 40W equivalent)

¹ According to the EPREL database on the date of publication of this press release.

² Energy savings of the Ultra Efficient products compared with the Philips standard alternative products: Philips MASTER LEDbulb UE saves 50% compared to Philips CorePro LEDbulb A60 60W; Philips MASTER LEDspot UE EELA saves 45% compared to Philips LEDspot GU10 50W. Philips MASTER LED SON-T UE lamp saves 43% compared to Philips SON-T 100W E E40.

³ This calculation compares the Philips MASTER LED SON-T UltraEfficient with the conventional Philips SON-T 100W E E40. The lights are assumed to be used for 4,100 hours annually. The average energy cost is 0.287 €/kWh, and it is calculated for the professional roads and streets application in Europe, valid in 2022, based on 47 European countries: Albania, Austria, Belarus, Belgium, Bosnia, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, England, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Macedonia, Malta, Moldova, Montenegro, Netherlands, Norway, Poland, Portugal, Romania, Russia, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Tajikistan, Turkmenistan, Ukraine, Uzbekistan. The data presented is an illustrative forecast based on a proprietary model developed by Signify to help customers understand the impact of lighting on the environment. Signify's "Green Switch conventional light point conversion model" uses input from numerous sources, references, and data points (available upon request) to generate a simulated view of a given market's energy consumption, but the accuracy of which cannot be verified. The thousand separator is a comma (,) and the decimal separator is a period (.).

⁴ Philips MASTER LEDbulb UE (50,000 hours at L70, 4W) compared to Philips CorePro LEDbulb A60 60W (15,000 hours at L70, 8W); Philips MASTER LEDspot UE EELA (50,000 hours at L70, 2.1W) compared to Philips LEDspot GU10 50W (15,000 hours at L70, 4.6W).

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced that it is a winner of the Prototype Phase of the U.S. Department of Energy’s L-Prize competition. Signify’s winning prototypes – the Generation Flex modular luminaire and Interact Next Gen scalable connected lighting system – were chosen for their exceptional performance across six areas: efficacy; quality of light; connectivity; product life cycle; technical innovation; and diversity, equity and inclusion.

“The L-Prize inspires our industry to innovate sustainable lighting technologies that can unlock benefits beyond simple illumination. It began with the first competition in 2011, in which we delivered a breakthrough in energy efficiency with an LED replacement for a 60-watt light bulb,” said Olivia Qiu, Chief Innovation Officer, Signify. “Now, we’ve achieved deeper energy savings, while incorporating circular design principles, data-driven intelligence, superior light quality and flexibility for all stakeholders, from building owners to electrical contractors to occupants. We are excited to continue developing these prototypes and bringing these transformative concepts to market.”

Now, we’ve achieved deeper energy savings, while incorporating circular design principles, data-driven intelligence, superior light quality and flexibility for all stakeholders, from building owners to electrical contractors to occupants. We are excited to continue developing these prototypes and bringing these transformative concepts to market.”

Olivia Qiu
Chief Innovation Officer, Signify

An innovative, modular luminaire

Signify's Generation Flex luminaire prototype combines cutting-edge materials and adaptable 3D printing concepts with ground-breaking energy efficiency and optics that deliver flexibility, reduced energy consumption and an exceptional quality of light. It features a new LED with superior lighting performance, developed in partnership with Samsung Electronics, that together with Signify’s high-efficiency D4i LED driver and state-of-the-art optics enable an efficacy of 196 lm/W while maintaining a supreme quality of light.

Built around a housing-agnostic general lighting module, the luminaire supports a variety of form factors for both new construction and renovation projects. The prototype represents a step forward in energy efficiency, consuming 29% less energy1 as well as a 50% reduction in embodied carbon2 than the best-in-class commercially available equivalent3. Following circular design principles, its cups and electronics can be printed, and its reversible, click and clamp assembly allows for on-demand delivery and repair.

The next generation of Interact

The Interact Next Gen connected lighting prototype is a simple, scalable wireless solution that provides businesses with all the tools and intelligence they need to go beyond basic energy-savings tactics, interface with existing building systems, reduce operational expenses and improve occupant experience within a single platform. It features an all-in-one luminaire-level sensor that measures daylight, occupancy, temperature, humidity and sound to help optimize operational costs and employee comfort.

Role-based apps give different types of users the specific tools they need. Facility managers can view occupancy maps, set space utilization targets and improve workspace efficiency. Employees can find and book available workspaces as well as adjust light levels and temperature. Lastly, installers can remotely configure sites using the map-based user interface for quick and easy commissioning.

“Investing in next-generation lighting solutions helps tackle the climate crisis, boosting American supply chains and manufacturing of these technologies, and creating good-paying jobs,” said Mandy Mahoney, Director of the Building Technologies Office at DOE. “The winning prototypes represent ground-breaking innovation, not only in energy efficiency, data-driven connectivity, and environmental sustainability, but also prioritizing communities that get overlooked when we roll out new prototypes. These innovators are leading the way.”

¹ Reference to the best-in-class CRI90 2’x2’ troffer listed in the DLC QPL as of March 30, 2023, which has an efficacy of 143 lm/W.

² The Global Warming Potential (GWP) of the Generation Flex luminaire “make” phase is 19% lower than the mean of a benchmark analysis of six US high volume troffer-style luminaires from Signify (Day-Brite's FluxGrid, Evo Grid, and FormFlex, and Cooper’s Metalux 22CZ2, 22CGT and 22FP). For real impact comparison, Signify normalized the GWP related to the embodied carbon with the functional unit as proposed and defined by PEP-Eco passport, being 1,000 lumen at 35 khr useful life using the L70 values for the lifetime normalization. Extremely long L70 values were capped at 100 kHrs. The combination of material choice, lumen output and lifetime resulted in a 50% reduction in the normalized GWP when comparing the Generation Flex luminaire with the mean of the US benchmark.

³ When compared to the average CRI90 2’x2’ troffer listed in DLC’s QPL as of March 30, 2023, which has an efficacy 143 lm/W.


About the L-Prize

The U.S. Department of Energy’s Building Technologies Office established the L-prize competition to spur development of next-generation LED lighting systems. Launched in 2021, the new L-Prize is primed to unlock the full potential of LED technology—to combine high luminaire efficacy with exceptional lighting quality, data-driven control and functionality, and sustainable design and construction for the future of illumination in commercial buildings. In addition to these technical innovations, the L-Prize also prioritizes diversity, equity, and inclusion in how luminaires or lighting systems can benefit communities that have been historically disadvantaged. The competition is structured in three asynchronous phases: Concept, Prototype and Manufacturing and Installation. Entrants for the Prototype Phase were encouraged to emphasize technological innovation and to think outside the standard forms, materials, and price points of commercially available products.

Essential is a family of 3D printed lighting products that offer you unparalleled functionality and customization matching every style. With a wide range of color and textures, it seamlessly blends into any decor, while providing functional lighting that meets office lighting requirements.

The Essential can be connected to other systems to create a smart office lighting solution with integrated sensors to avoid a ‘sensor acne’ in your beautifully designed ceilings.

The Essential is available in 3 sizes and can be mounted in 3 different ways, the Essential provides you with numerous design options to meet your needs.

And, it's made from recycled materials, 3D printed carbon neutral, making it a conscious choice for those looking to contribute to a circular economy.

Choose this lighting solution without compromising on style, performance, functionality, or sustainability.

Remarkable design:

• Different textures and colors to meet every style
• Easy to install: less weight compared to conventional products and easy interfaces
• Complete solution for false ceilings, concrete ceilings,
• different ceiling heights
• Reduce clutter of external sensors and reduce installation time

Sustainably printed:

• Made from bio circular material
• Build in a ISCC Plus Certified print hub (Turnhout)
• Replaceable components
• Easy to disassembly at the end of life

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, today announced the opening of its biggest LED lighting manufacturing site in the world in Jiujiang, Jiangxi Province, China. The new factory of Signify's joint venture company Zhejiang Klite Lighting Holdings Co., Ltd (“Klite”) will manufacture high-quality branded LED lighting products, including for the Philips brand, for China and the global market.

Fully operational by the end of this year with 192 production lines, the 200,000-square meter facility will utilize world-class manufacturing technology, advanced process control, and intelligent logistics to produce LED lighting sources and luminaires for both professional and consumer markets.

"This new factory is an important addition to our global production capacity, supporting Signify’s growth in China and across the world."

— Eric Rondolat, CEO of Signify

“Further growth in China is a key component of our global business strategy. This new factory is an important addition to our global production capacity, supporting Signify’s growth in China and across the world. Fully in line with our growth vision, the plant illustrates our long-term commitment to China, and enhances our manufacturing and innovation presence in this important market to support China’s sustainability goals,” said Eric Rondolat, CEO of Signify.

“Opening this state-of-the-art facility not only strengthens our in-house manufacturing capability for LED lighting products, but it also helps us drive even greater speed, efficiency and innovation so we can better prepare for the growth in the global LED lighting market,” said Rowena Lee, Division Leader Digital Products at Signify.

“The new factory will be our largest manufacturing site for LED lamps and luminaires in China and worldwide,” said Yanwei Shen, CEO of Klite. “Jiangxi Province is at the hub of China’s Midwest region with advantages in transportation and labor resources, making it a great location to build a manufacturing base of LED lighting.”

With sustainability at the top of the Signify agenda, energy efficiency measures, manufacturing automation and intelligent logistics technologies are employed in the new facility to achieve its sustainability and smart factory goals.

In 2019, Signify acquired a 51% stake in Klite, a leading manufacturer of high-quality, cost-efficient LED sources and luminaires for a global customer base. In China, Signify also manufactures products at its nine facilities in multiple locations, in addition to this new facility. These in-house production capabilities, as well as Signify's strategic partnerships with contract manufacturers, form an efficient hybrid supply chain strategy that enables high market responsiveness, accelerates product innovation, and supports Signify’s growth in China and other global markets.

Signify has been awarded a host of international design awards this year across consumer and professional products and services. At the @if Awards 2023, we were honored with two user interface awards plus six product design awards. And we received no less than eight @red dot design awards for our product innovation and product design.

Top innovations included our 3D-printed luminaires to support a circular economy, and Philips Hue Perifo, a modular smart track lighting system that gives consumers extra control over the way they illuminate their space.

Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, will receive eight prestigious awards for product design at the Red Dot Design Awards 2023 in Essen, Germany today. Among the winning products are the Philips MyCreation Coastal breeze, a 3D-printed lamp made from recovered fishing nets that won the award for ‘Innovative Product’, and Philips Hue’s Perifo, a new smart tracking system.

"These awards are a recognition of our relentless drive to bring customers the best possible experience, through unique, sustainable product design. We’re very proud of our teams who continue to deliver forward-thinking innovations to the world stage.”

Ton Borsboom
Head of Design at Signify

Winning Signify products at the Red Dot Design Awards 2023

Red Dot Innovative Product
Philips MyCreation Coastal breeze

Red Dot Product Design
Philips MyCreation Voila Open Weave Texture
Philips Hue Play Gradient Lightstrip for PC
Philips Hue Perifo
Philips Hue Tap dial switch
Philips StoreFlow
Philips UniFlood C Pro
Philips Deep Recessed Spot Family

Winning Signify products at iF Design Awards 2023:

iF User Interface
Interact Pro
Signify Service Tag

iF Product Design
Philips StoreFlow
Philips MyCreation Lantyn
Philips MyCreation Coastal breeze
Philips Elegant pendant series
Philips Hue Tap dial switch
Philips Hue Perifo

Click to expand...

Smart Factory Expo will be at Manufacturing & Engineering Week, an event that celebrates the best of UK manufacturing and engineering excellence and innovation!

Come and find us at the event on the 7th and 8th June at the NEC, Birmingham to learn how the latest in connected lighting technologies and innovations can help any manufacturing organisation transition to a more #sustainable, energy efficient, and connected future.

From connected lighting that helps create more productive working environment, to circular offerings like 3D-printed lights, to exploring different approaches to choosing the right lighting for your facility – after all you should no longer have to choose between saving costs and saving the planet!

See you at stand K90!

Lumec RoadFocus Plus Security - your heavy-duty lighting solution! RoadFocus Plus Security Light is a hard-working, die-cast utility light that is built to last.

RoadFocus Plus Security Light is your most reliable and affordable solution for rural roads and trails, farm yards, industrial parks and countless other general lighting applications. These areas require dependable, high quality lighting that is IP66 rated, easy to install and maintain. Lumec brings you a hard-working, die-cast utility light that is built to last. Available with multiple optical distributions, RoadFocus Plus Security is dark sky compliant with zero uplight.

This new product innovation is IP66 rated and easy to install and maintain, making it a reliable and affordable solution for rural roads and trails, farmyards, industrial parks, and more. Available with multiple optical distributions, RoadFocus Plus Security has dark sky-compliant configurations with zero uplight.

Benefits

• Ideal solution for retrofit projects or new installations
• Industry leading efficacy to reduce energy consumption and CO2 emissions
• Reliable and built to last at an affordable price
• Zero Uplight when used without a refractor
• Additional D4i, DALI, and Sensor Ready drivers available for Connected Lighting applications
• Available with a prismatic lens option for a more traditional look and to spread light evenly and help to control brightness

RoadFocus Plus LED Security Light (RPRS) - Cobra heads | Lumec - Signify

RoadFocus Plus Security Light is your most reliable and affordable solution for rural roads and trails, farm yards, indu... | Lumec - Signify

www.signify.com