Achieving carbon neutrality: One company’s lessons learned
– Eric Rondolat, CEO, Signify Committing to carbon neutrality can trigger wide-ranging changes in how any company operates. Lessons learned from Signify can help any company understand the challenges and opportunities ahead when tackling emissions. Signify, formerly the lighting business of Philips, achieved carbon neutrality last September, delivering on a promise forged at COP21 in 2015. During the decade, the company also reduced its CO2 emissions by 70%. Achieving carbon neutrality is not for the faint of heart and it’s all the more taxing if you have a multi-national presence, with a global manufacturing footprint and supply chain. We benefited from an early start, having recognized the need to check our emissions earlier in the decade. Still, we learned a lot on our path to carbon neutrality that can help others and speed their efforts. What follows are some nuggets of advice, hard-earned through experience. 1. Embrace systems change First off, success on emissions reductions is dependent on making it core to your strategy. This means drafting business goals that align with and can be accomplished through efforts to reduce emissions. Other steps are also key, including establishing science-based targets, dissecting every aspect of your operations to save energy and emissions, and investing in measurable, worthy projects that offset unavoidable carbon emissions. From the outset it’s important to involve teams from supply chain management, manufacturing, business travel, human resources, energy procurement and real estate, as decisions made by them will directly impact your carbon footprint. Leave no stone unturned. We broke down and reviewed energy use across all our operations. Then we set about transitioning to energy efficient technologies in our offices, manufacturing, and logistical sites. Naturally, installing our own energy efficient LED lighting was a no-brainer. But significant investment was made in energy efficient manufacturing technologies and more efficient HVAC […]