This latest step adds to the growing number of Philips Lighting operations fully powered by renewable electricity, living up to the commitments outlined in the company’s sustainability vision, Brighter Lives, Better World. This includes ambitious targets to be carbon neutral by 2020, and use only electricity coming from renewable sources in that same year.
Philips Lighting is one of the 96 influential companies committed to 100% renewable power and is a member of the collaborative, global RE100 initiative.
“It is inspiring to see Philips Lighting working to source renewables in an oil dominated market. Going 100% renewable makes business sense, and solutions are available – wherever operations are based. Together, RE100 members are creating change, and accelerating progress to a low carbon economy.” says Sam Kimmins, Head of RE100 at The Climate Group.
The renewable energy certificates will be issued by the Dubai Carbon Centre of Excellence (Dubai Carbon) that has recently been appointed as the local I-REC issuer for the United Arab Emirates. The I-REC secretariat is working together with the I-REC Standard board and Dubai Carbon to ensure the I-REC Standard is implemented in the UAE in a reliable and transparent manner.
Philips Lighting (Euronext Amsterdam ticker: LIGHT), is a global leader in lighting products, systems and services. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to illuminate homes, buildings and urban spaces. With 2016 sales of EUR 7.1 billion, we have approximately 34,000 employees in over 70 countries.