| Invested through |
|
|---|---|
| Asset Classes | Listed equity |
| Impact strategy | Impact Equities and Bonds |
| Bloomberg ticker | LIGHT NA |
| ISIN code | NL0011821392 |
| Industry group | Capital Goods |
| Aligned with SDGs |
Signify (formerly Philips Lighting) is a global leader in lighting products, systems, and services. Its portfolio includes conventional and LED-based light bulbs, fixtures, components, and advanced internet-connected lighting systems. Signify serves both consumer and professional markets, offering not only products but also lighting-as-a-service solutions and expert consulting. The company derives approximately a third of its revenues from the Americas, a third from Europe, and the remainder from other regions worldwide.
The lighting industry continues its shift from conventional technologies to energy-efficient LED and smart, connected lighting solutions. Signify is at the forefront of this transition, with a strong focus on sustainability, innovation, and digitalisation. Headquartered in Eindhoven, Netherlands, Signify traces its roots back to Philips, founded in 1891, and became an independent company in 2016. The name was officially changed to Signify in 2018.
Investment rationale
Electricity consumption contributes to carbon emissions, as power is still mainly generated by burning coal and natural gas. As long as renewable energy makes only a small contribution to total power generation, we need technologies that reduce electricity consumption in order to limit carbon emissions. Signify derives the major part of its revenue from selling LED-based lighting products. When compared to the traditional lighting sources these LED-based products replace, the energy savings are substantial. For example, between 2015 and 2020 the company has delivered close to 3 billion LED lamps and luminaires. The energy savings achieved from replacing traditional lighting sources are equivalent to the energy generated by 45 medium-sized coal-fired power stations. The CO2 reductions achieved are equal to the annual emissions produced by 18 million cars. Thus the company's products are clearly contributing to energy efficiency and the reduction of carbon emissions. Apart from this, the company is actively reducing its environmental footprint.
Alignment with Triodos Transitions:
85% of the company's revenues is aligned with the Energy Transition. The contribution to the Energy Transition comes from 85% of revenues related to the impact objective Energy Efficiency.