Reducing carbon emissions with energy-efficient lighting systems

Philips Lighting has selected SUSI Partners’ SUSI Energy Efficiency Fund (SEEF) as financing partner to implement Light as a Service (LaaS) projects to help European lighting customers upgrade their lighting to more energy-efficient systems and reduce carbon emissions.

The SEEF-financed LaaS projects are expected to achieve aggregated carbon emission savings of up to 90,000 tonnes of CO2 due to the upgrade to energy-efficient LEDs. LaaS includes the design, building, operation and maintenance of new lighting installations, with no upfront investments for the customer and costs of the lighting being spread over a predetermined period of time. The customer immediately realises savings on energy costs and repays the project from these savings. It also guarantees the outcome on light levels, energy and uptime.

Under the agreement, Philips Lighting can embed financing from SEEF into its customer proposition, on a flexible and repeatable basis. This innovative facility allows Philips Lighting to further expand its project pipeline and supports its LaaS business model throughout Europe. The initial agreement covers projects in Belgium, Germany, the Czech Republic, the Netherlands, Poland, Portugal and Spain, with other countries soon to follow.

Philips Lighting aims to generate 80% of its total revenue from sustainable products, systems and services by 2020. In 2017, the company achieved 77.3% sustainable revenues.