Philips Lighting: Leveraging Circular Economy and Smart LED Technology to Address Climate Change

At the recent business & Climate Summit in London, Harry Verhaar, Head of Global Public & Government Affairs at Philips Lighting, emphasized the necessity for businesses to adopt net-zero carbon strategies as a fundamental component of addressing climate change. Highlighting the circular economy concept, Verhaar discussed how proactive planning can eliminate carbon emissions by incentivizing innovation and financing solutions, particularly through advancements in energy-efficient technologies like LED lighting. Philips has committed to achieving carbon neutrality by 2020 and is a key player in initiatives such as The Climate Group’s RE100 campaign and the Global Lighting Challenge, where it has pledged to supply billions of LED products worldwide. Verhaar advocates for the adoption of LED technology, which could potentially reduce global CO2 emissions by 109 million tons and save substantial financial resources by 2030. He also noted the shift towards providing lighting as a service, allowing for a sustainable and circular approach to lighting solutions.

Philips Lighting: Leveraging Circular Economy and Smart LED Technology to Address Climate Change

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