Philips Lighting is accelerating the shift to energy efficient lighting. Currently lighting accounts for 15% of the world’s electricity demand. A global transition to LED technology will bring energy savings of 53% by 2030. We are reducing the global energy demand with our commitment to deliver more than 2 billion LED lamps by 2020. The Internet of Things is further accelerating this reduction – Philips Lighting’s connected systems with wireless controls can reduce our customers’ energy use by up to 80%. We are driving the transition to a circular economy by providing “Light as a Service” and closing the materials loop through “Circular Lighting”. Customers benefit from leading edge lighting technology. They pay only for operating expense, avoiding capital expenditure. Through circular design, upgradability, reuse and recycling, and operational energy management, Philips Lighting ensures the lowest environmental footprint for our customers.