SIGNIFY VIETNAM LIMITED | APEA - Asia Pacific Enterprise Awards Asia Pacific Enterprise Awards
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CORPORATE EXCELLENCE CATEGORY

SIGNIFY VIETNAM LIMITED

Information about the Company
Signify Vietnam Limited (Signify) is the world leader in lighting for professionals, consumers, and lighting for the Internet of Things. Its energy-efficient lighting products, systems, and services enable customers to enjoy a superior quality of light and make people’s lives safer and more comfortable, businesses more productive and cities more livable.

For more than 125 years, Signify has been pioneering breakthroughs in lighting and has been the driving force for many innovations. Signify continues to innovate in LED lighting and is leading the industry's expansion to lighting systems in both the professional and consumer markets. Signify has also been positioned as the industry leader in connected lighting, making products that are connected to the Internet of Things (IoT).

Sustainability is the core of Signify's business. The company has achieved the integration of 100% renewable electricity and celebrates its ambitious milestones on sustainable revenues, improved safety, supplier sustainability, and zero landfill waste at the end of 2023. Signify’s “Brighter Lives, Better World” program sets ambitious targets through which it contributes to the UN Sustainable Development Goals (SDGs), specifically the No. 3, 7, 8, 11, 12, and 13 SDGs.

Corporate Culture & Company Activities
Signify believes that a diverse workforce and an inclusive work environment are essential to a thriving innovative business. Signify is an equal opportunity employer committed to diversity, equity, and inclusion in the workplace.

Signify aims to use its expertise and knowledge of lighting to give back to the communities in which it operates. The company does this through its Corporate Social Responsibility Program and by supporting the Signify Foundation. The Signify Foundation is an organization dedicated to supporting underprivileged and underserved communities across the world by enabling access to light. When pursuing this mission, the Signify Foundation expects to leverage the company’s expertise and knowledge to help develop and provide easily accessible, sustainable lighting systems that have a meaningful impact on people's lives.
Achievements and Impact
With EUR 7.5 billion in sales in 2022 (83% of which is LED-based sales; 65% of which is climate action revenues), approximately 35,000 employees, and a presence in over 70 countries, Signify is unlocking the extraordinary potential of light for brighter lives and a better world.

Since 1891, the company has been pioneering breakthroughs in lighting and its track record in innovation is strong. The four pillars of Signify's Innovation Strategy include continual innovation in LEDs, bringing lighting to the IoT network, unlocking the potential of lighting as a new intelligent language, and innovation in customer service.

Sustainability is central to Signify's company strategy and purpose, which is why it is a key focus in its 2022 Integrated Annual Report. Signify has achieved excellent results on its sustainability commitments, including carbon neutral operations, 100% renewable electricity, climate action revenues of up to 65%, zero landfill waste, 8.3 million lives lit through the Signify Foundation, a safe and healthy workplace with a total recorded case rate of 0.16, and a supplier sustainability performance of 94%.

In recent years, Signify Vietnam has been honored to receive several awards recognizing its intelligent and innovative products and corporate governance. This also includes the Asia Pacific Enterprise Awards (APEA) 2022 Vietnam under the Inspirational Brand Category.

Future Direction
Moving forward, Signify is committed to the alignment and consistencies of the following five company strategies.

Firstly, the company's customer-centricity has built a more customer-focused and local-for-local organization with excellent processes and a new operating model. Besides that, to provide differentiated offers, the company develops and delivers unique lighting products through multiple distinctive brands. Thirdly, Signify ensures the advancement of its sustainability by driving growth and addressing the global issues of climate action, circular economy, food availability, safety and security, and health and well-being. The company also advances into the Digitalization Era by creating digital front and back-ends, while embedding AI in products and systems to boost digital competencies. Lastly, Signify is a great place to work because it invests in its people, creating a diverse and inclusive workplace. People are reskilled to boost digital and commercial competencies.

As such, Signify is set to be an exemplary leader in the Electric & Electronics Industry, lighting the way to success and sustainability.

CORPORATE EXCELLENCE CATEGORY

SIGNIFY VIETNAM LIMITED

Information about the Company
Signify Vietnam Limited (Signify) is the world leader in lighting for professionals, consumers, and lighting for the Internet of Things. Its energy-efficient lighting products, systems, and services enable customers to enjoy a superior quality of light and make people’s lives safer and more comfortable, businesses more productive and cities more livable.

For more than 125 years, Signify has been pioneering breakthroughs in lighting and has been the driving force for many innovations. Signify continues to innovate in LED lighting and is leading the industry's expansion to lighting systems in both the professional and consumer markets. Signify has also been positioned as the industry leader in connected lighting, making products that are connected to the Internet of Things (IoT).

Sustainability is the core of Signify's business. The company has achieved the integration of 100% renewable electricity and celebrates its ambitious milestones on sustainable revenues, improved safety, supplier sustainability, and zero landfill waste at the end of 2023. Signify’s “Brighter Lives, Better World” program sets ambitious targets through which it contributes to the UN Sustainable Development Goals (SDGs), specifically the No. 3, 7, 8, 11, 12, and 13 SDGs.

Corporate Culture & Company Activities
Signify believes that a diverse workforce and an inclusive work environment are essential to a thriving innovative business. Signify is an equal opportunity employer committed to diversity, equity, and inclusion in the workplace.

Signify aims to use its expertise and knowledge of lighting to give back to the communities in which it operates. The company does this through its Corporate Social Responsibility Program and by supporting the Signify Foundation. The Signify Foundation is an organization dedicated to supporting underprivileged and underserved communities across the world by enabling access to light. When pursuing this mission, the Signify Foundation expects to leverage the company’s expertise and knowledge to help develop and provide easily accessible, sustainable lighting systems that have a meaningful impact on people's lives.
Achievements and Impact
With EUR 7.5 billion in sales in 2022 (83% of which is LED-based sales; 65% of which is climate action revenues), approximately 35,000 employees, and a presence in over 70 countries, Signify is unlocking the extraordinary potential of light for brighter lives and a better world.

Since 1891, the company has been pioneering breakthroughs in lighting and its track record in innovation is strong. The four pillars of Signify's Innovation Strategy include continual innovation in LEDs, bringing lighting to the IoT network, unlocking the potential of lighting as a new intelligent language, and innovation in customer service.

Sustainability is central to Signify's company strategy and purpose, which is why it is a key focus in its 2022 Integrated Annual Report. Signify has achieved excellent results on its sustainability commitments, including carbon neutral operations, 100% renewable electricity, climate action revenues of up to 65%, zero landfill waste, 8.3 million lives lit through the Signify Foundation, a safe and healthy workplace with a total recorded case rate of 0.16, and a supplier sustainability performance of 94%.

In recent years, Signify Vietnam has been honored to receive several awards recognizing its intelligent and innovative products and corporate governance. This also includes the Asia Pacific Enterprise Awards (APEA) 2022 Vietnam under the Inspirational Brand Category.

Future Direction
Moving forward, Signify is committed to the alignment and consistencies of the following five company strategies.

Firstly, the company's customer-centricity has built a more customer-focused and local-for-local organization with excellent processes and a new operating model. Besides that, to provide differentiated offers, the company develops and delivers unique lighting products through multiple distinctive brands. Thirdly, Signify ensures the advancement of its sustainability by driving growth and addressing the global issues of climate action, circular economy, food availability, safety and security, and health and well-being. The company also advances into the Digitalization Era by creating digital front and back-ends, while embedding AI in products and systems to boost digital competencies. Lastly, Signify is a great place to work because it invests in its people, creating a diverse and inclusive workplace. People are reskilled to boost digital and commercial competencies.

As such, Signify is set to be an exemplary leader in the Electric & Electronics Industry, lighting the way to success and sustainability.