As a global society, we are incredibly and unsustainably wasteful. According to a recent WWF report, we use 1.8 times the volume of resources that our planet can sustain. Another study from the World Economic Forum estimates that one truckload of plastic is dumped into our oceans every minute. If we continue at the current rate, this is expected to increase to two per minute by 2030, and four per minute by 2050.
As the world continues to overuse its limited resources, increasingly scarce materials will become more expensive and challenging to source. We owe it to our customers and the world to do better. The only way to do this is to create a model of manufacturing products with minimal waste that can be upgraded, serviced, reused, refurbished, or recycled and support saving energy.
At Signify, sustainability is core to everything we do in the lighting sector. Operating sustainably is not at odds with our growth but is our guiding direction, and gives...