Signify announced that its greenhouse gas emissions have halved since 2019, with a cumulative reduction of 33.4 billion tonnes of carbon dioxide equivalent, more than 1The level required for the 5 degrees Celsius temperature control target. In 2023, Signify disclosed data on GHG emissions across the value chain, including Scope 3 product use phase emissions, which were 22% lower than in 2022. Signify has included greenhouse gas emissions data, including Scope 3 emissions, in its 2023 annual report. Certain sustainability information related to Signify's Brighter Life, Better World 2025 Sustainability Plan receives reasonable assurance from the audit.
Reasonable assurance is provided for GHG emissions data across the value chain, including Scope 3, which is an unprecedented milestone for a multinational manufacturing company like Signify, especially given that our portfolio has tens of thousands of different products. We will use emissions data down to the product level to further increase the transparency of data on environmental impacts, enabling our customers to make informed decisions and support their sustainability goals. I'm proud of the hard work and innovation of everyone in the company. We will continue to lead the industry in the fundamental transformation towards energy-efficient and connected LED lighting," said Eric Rondolat, CEO of Signify.
These emissions reduction targets are part of Signify's sustainability program. Launched in 2020, the program aims to double its environmental and social contribution by 2025 in line with the United Nations Sustainable Development Goals. Under the guidance of the program, Signify is catching up with 1. under the Paris Agreement at double speed5 degrees Celsius temperature control target. Signify has also pledged to double its circular economy revenue to 32 percent, Shining Living-related revenue to 32 percent, and female leadership to 34 percent by the end of 2025.
Leadership in sustainability means leading the way. Since 2020, we have used 100% renewable electricity. We reduced our operational emissions by 31% compared to 2019 and 77% compared to 2010. In addition to achieving these emissions reduction milestones, we are also over-achieving our circular economy revenue growth targets. With circular economy revenue now accounting for one-third of Signify's revenue, we are less than one percentage point away from achieving our Shine Life related revenue targets. This shows that we can unleash unlimited potential guided by a shared purpose and a sustainable development strategy. While these achievements are something to be proud of, we know we have much more to do. In the coming years, we will go further and faster", said Maurice Loosschilder, Head of Sustainability at Signify.