Signify – Signify publishes 2023 Diversity, Equity, and Inclusion Report
- Signify continues to prioritize and deliver on gender pay equity, achieved in 2021
- Share of women in leadership positions has increased from 17% to 29% since 2019
- Early career talent has grown from 2% to 10% since 2019
- DE&I plays a key role in innovation, highlighted by L-prize win in 2023
Eindhoven, the Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, has published its 2023 Diversity, Equity, and Inclusion (DE&I) report, demonstrating the company’s commitment to developing a diverse workforce and inclusive and equitable environment.
Having achieved gender pay equity in 2021, Signify continues to focus its efforts through upskilling managers on equitable practices and partnering with Syndio to prevent pay inequity. In addition, it continues to focus on exceeding living wage standards worldwide.
The company has made strong progress on its target to double the proportion of women in leadership positions from 17% in 2019 to 34% by 2025, reaching a share of 29% in 2023. Against its priority to develop generational diversity, early career talent at Signify has also increased from 2% in 2019 to 10% in 2023.
DE&I is credited for its role in driving innovation, as Signify won the U.S. Department of Energy’s L-Prize competition for the second time in 2023, scoring highly for inclusive design, with judges commending Signify’s work in embedding a DE&I focus throughout its supply chain.
Our people define Signify’s strength, and we are absolutely committed to building a diverse, equitable, and inclusive organization where everyone can thrive. Diversity, equity, and inclusion are embedded in our strategy and the actions we take, from inclusive hiring practices to development paths that lift the brightest talent, are fundamental to our progress and future success. Every step forward – whether for pay equity, living wages, or equitable access to care – makes Signify stronger, more innovative, and more resilient.”
Eric Rondolat
CEO, Signify
More examples of Signify’s DE&I initiatives and progress can be found throughout the report.
SourceSignify
EMR Analysis
More information on Signify: See the full profile on EMR Executive Services
More information on Eric Rondolat (Chief Executive Officer, Signify): See the full profile on EMR Executive Services
More information on the Sustainability Program (Brighter Lives, Better World 2025) + The Climate Transition Plan 2040 by Signify: See the full profile on EMR Executive Services
More information on Maurice Loosschilder (Head of Sustainability, Signify): See the full profile on EMR Executive Services
More information on the Diversity, Equity, and Inclusion Annual Report 2023 by Signify: See the full profile on EMR Executive Services + https://www.assets.signify.com/is/content/Signify/Assets/signify/global/news/2024/20240723-signify-diversity-equity-and-inclusion-report-2023.pdf
More information on the U.S. Department of Energy (DOE): https://www.energy.gov + The mission of the Energy Department is to ensure America’s security and prosperity by addressing its energy, environmental and nuclear challenges through transformative science and technology solutions. The Department of Energy’s (DOE’s) Budget Requests to Congress, Strategic Plan, Agency Financial Report, and Annual Performance Plan/Reports provide information on DOE’s strategic goals and objectives, funding requested to achieve these goals and objectives, and details of DOE’s financial management and performance.
More information on Jennifer M. Granholm (Secretary, U.S. Department of Energy, USA): https://www.energy.gov/person/jennifer-m-granholm + https://www.linkedin.com/in/secgranholm/
More information on the L-Prize by the U.S. Department of Energy (DOE): https://www.energy.gov/eere/ssl/l-prize-competition + The new L-Prize® competition, launched in 2021, is designed to catalyze transformative LED lighting innovation, products, and impact. The L-Prize is primed to unlock the full potential of LED technology—to combine high luminaire efficacy with exceptional lighting quality, data-driven control and functionality, and sustainable design and construction for the future of illumination in commercial buildings. In addition to these technical innovations, the L-Prize also prioritizes diversity, equity, and inclusion in how luminaires or lighting systems can benefit communities that have been historically disadvantaged.
More information on Syndio: https://synd.io/ + We were founded on the belief that organizations must do more than say employees are their most valuable asset. Using our technology to empower, data to inform, and expertise to inspire, we help some of the world’s leading companies prove it — to employees, regulators, investors, and themselves.
At Syndio, we help modern companies embed workplace equity into their core business so they can achieve enduring success. We identify pay gaps in seconds and constantly measure employee opportunity and representation so you can build diverse and dynamic teams throughout your entire organization. With a dedicated staff of proven leaders, data scientists, legal experts, and customer advocates by your side, we will help you promote, retain, and compensate your employees. Without bias.
The only way to achieve equity in the workplace is to do it together. So come join us, and start building your future workplace today.
More information on Maria Colacurcio (Chief Executive Officer, Syndio): https://synd.io/about-us/ + https://www.linkedin.com/in/mcolacurcio/
EMR Additional Notes:
- DEI (Diversity, Equity and Inclusion):
- https://dei.extension.org/ + Diversity is the presence of differences that may include race, gender, religion, sexual orientation, ethnicity, nationality, socioeconomic status, language, (dis)ability, age, religious commitment, or political perspective.
- Equity is promoting justice, impartiality and fairness within the procedures, processes, and distribution of resources by institutions or systems.
- Inclusion is an outcome to ensure those that are diverse actually feel and/or are welcomed. Inclusion outcomes are met when you, your institution, and your program are truly inviting to all.
- https://dei.extension.org/ + Diversity is the presence of differences that may include race, gender, religion, sexual orientation, ethnicity, nationality, socioeconomic status, language, (dis)ability, age, religious commitment, or political perspective.