In a world of increasing energy demands and rapidly declining natural resources, the transition from a linear economy to a circular economy is essential to ensure sustainability. A circular economy uses resources more effectively by creating rather than wasting, using rather than owning, and reusing rather than disposing.
As global demand for lighting grows, the adoption of circular economy principles in the lighting industry will allow users to pay only for the light, not for the equipment. New business models such as Philips Circular Lighting take care of installation, performance, and servicing of your lighting for you, allowing you to focus on making your own business more efficient and economical. Innovative financing options allow you to benefit right away from cutting-edge, energy-efficient LED lighting while reducing both up-front and operational costs.
Circular Lighting also means that we design our lighting products in a fully sustainable way. At end of the service contract, the lighting system can be upgraded and reused, or all materials and parts can be returned for repurposing or recycling. By minimizing materials waste and reducing environmental impact, we create an ecosystem that extends the life of our lighting products and provides a better future for the next generation.
