Philips will be "carbon neutral by 2020" | RetailDetail

Philips will be "carbon neutral by 2020"

Philips will be "carbon neutral by 2020"

At the Parisian climate summit, Dutch group Philips has committed to become carbon neutral by 2020. It feels the lighting industry plays a crucial part in the fight against climate change.

Lowered carbon emissions 40 % since 2007

Philips says it has already lowered its carbon emissions 40 % in the 2007 - 2015 time frame, thanks to an increased focus on renewable energy (which grew from 8 % in 2008 to 55 % in 2014). It will now speed up its efforts as Philips Lighting's CEO, Eric Rondolat, announced in Paris that the company wants to lower its carbon emissions even more in order to get to zero within the next 5 years.

 

"The current state of affairs is that we are at the climate change's tipping point and have to conclude that the worldwide contributions do not suffice. We may be heading towards a potentially worldwide catastrophe if the temperatures continue to rise. We need to set ambitious goals regarding our energy efficiency", he said.

 

One of his solutions is something that would also benefit Philips as a company. "Faster adoption of LED lighting, improved renovation of our current urban infrastructure and increased adoption of solar-powered LED lighting would be very advantageous."

 

"Major role for lighting industry"

Despite the aforementioned personal benefit, the CEO does have a point. Research has shown that the worldwide annual energy efficiency improvement could be twice as fast if everyone used current technologies optimally. That move alone would help lower carbon emissions by 50 % of the amount needed to limit climate change to 2 degrees Celsius. 

 

The lighting industry has a crucial part to play, as lighting currently represents about a fifth (19 %) of the world's electricity usage. If more integrated LED lighting systems were used, which can be controlled from a distance and only need to be activated when necessary, up to 80 % of energy can be saved. "The worldwide transition to LED lighting will save up to 53 % of energy between now and 2030, compared to the "business as usual" model", Eric Rondolat said.

Questions or comments? Please feel free to contact the editors


Ikea plans to cut 150 jobs, including in Belgium and the Netherlands

04/05/2018

Ikea will be cutting 150 jobs, some of them in the Belgian and Dutch branches as well. The plan is part of a major reorganisation effort to help prepare the furniture giant for the growing competition of large e-commerce players.

Beter Bed suffers from poor German results

02/05/2018

Dutch mattresses group Beter Bed Holding saw its first quarter turnover drop 4 % compared to last year. Turnover went down in Germany, where a poison scandal forced results down by 12 %, but Switzerland and Spain performed even worse.

Jysk targets 100 Belgian stores

23/04/2018

Danish Jysk will open another eleven stores in Belgium in 2018, bringing its total to seventeen. The Danish counterpart to Ikea aims to have about 100 stores in Belgium at some point.

Carpetright shuts down 20 % of its UK stores

13/04/2018

Carpetright, caught in a downward spiral in the past year, will shut down a fifth of its stores in Great Britain in order to remain afloat. 300 people will subsequently lose their job.

Ikea plans city store in heart of Paris

10/04/2018

Ikea is fully focused on becoming a global presence in urban centers. The furniture chain is currently looking for locations in Paris, Copenhagen, London and Southeast Asia to attract broader audiences with smaller stores.

“Ikea deducted a billion euro too much from its taxes”

29/03/2018

In the past six years, Ikea unlawfully deducted about one billion euro from its taxes according to the European Commission’s preliminary findings. The EC launched an investigation into the Swedish company’s deal with the Dutch treasury.