Philips vows to go ‘carbon neutral’ by 2020

Philips has become the latest global company to announce plans to accelerate its emissions reductions efforts, declaring it will become “carbon neutral” by 2020.

The company made the announcement earlier this week on the sidelines of the Paris climate summit, confirming it also plans to source 100 per cent of its power from renewable sources and accelerate the roll out of its ultra-efficient LED lighting technologies.

The company said it has reduced its carbon emissions by 40 per cent since 2007 and increased its share of renewable energy to 55 per cent. However, it now “wants to accelerate its emissions reductions and achieve carbon neutrality in the next five years”.

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Source: Business Green