Signify has been named an Industry Leader in the 2018 RobecoSAM Corporate Sustainability Assessment (CSA), an annual evaluation of companies’ sustainability practices based on the well established Dow Jones Sustainability Indeces (DJSI). Industry leaders are the top performing companies in each of the 60 industries represented in the CSA and the DJSI. This is the second year in a row that Signify has been named an Industry Leader.
“We’re extremely proud to be recognised for the continuous progress that we’re making on sustainability, which is central to our company purpose,” said Eric Rondolat, CEO of Signify. “The past few months we have seen floods in India and Japan, heat waves in Europe and North America and extreme droughts in Australia, showing that global warming is real and we need to take action. It is very important for us to be named for our leadership and contribution to such challenges for the planet.”
The CSA report highlighted Signify’s strong performance through the launch of its ‘Brighter Lives, Better World‘ programme, focusing on sustainable operations and sustainable revenues. As part of that program, Signify has made significant progress toward its commitment to become carbon neutral in 2020, reducing its carbon footprint by 20 per cent over the course of 2017. Top scores (100/100) were obtained by Signify in the categories Environmental Reporting, Operational Eco-Efficiency and Innovation Management.
The Dow Jones Sustainability Indices (DJSI) are a family of best-in-class benchmarks for investors who have recognized that sustainable business practices are critical to generating long-term shareholder value and who wish to reflect their sustainability convictions in their investment portfolios. The family was launched in 1999 as the first global sustainability benchmark and tracks the stock performance of the world’s leading companies in terms of economic, environmental and social criteria. Created jointly by S&P Dow Jones Indices and RobecoSAM, the DJSI combine the experience of an established index provider with the expertise of a specialist in Sustainability Investing to select the most sustainable companies from across 60 industries.
The indices serve as benchmarks for investors who integrate sustainability considerations into their portfolios, and they provide an effective engagement platform for investors who wish to encourage companies to improve their corporate sustainability practices.
Signify became the new company name of Philips Lighting in May 2018.