Signify N.V.

Signify targets SBTi-validated 90% absolute Scope 1-3 GHG reductions by 2040 from a 2019 baseline and 50% by 2030, having already achieved operational carbon neutrality since 2020 with 100% renewable electricity while halving full-value-chain emissions and reaching 35% circular revenues under its Brighter Lives, Better World 2025 program. Scaled initiatives such as the $45 million Light-as-a-Service model with Schneider Electric and the City of Amsterdam, $20 million carbon insetting via bio-circular plastics and recycled aluminum with Neste and Alcoa, plus $30 million supplier decarbonization with Foxconn and BASF will deliver over 360,000 mtCO2e annual reductions, expand circular revenues toward 32% by 2025, and address the 88% of emissions in the product-use phase through LEDification and EPD-covered products. These actions, supported by $450 million in green financing and partnerships with South Pole and EcoVadis, convert insetting and circular models from cost centers into direct revenue streams projected to generate $243 million in returns over five years plus $25 million in annual carbon credit sales, while securing $85 million in efficiency savings and reinforcing top-tier ESG ratings including eight consecutive years in the Dow Jones Sustainability World Index.