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Public Profile
Electricity from Other Sources
NL
updated 8 days ago

Signify

Company website

Signify, formerly known as Philips Lighting, is a leading global player in the lighting industry, headquartered in the Netherlands. Founded in 1891, the company has evolved significantly, marking key milestones such as its rebranding in 2018 to reflect its focus on smart lighting solutions and sustainability. Operating in over 70 countries, Signify excels in providing innovative lighting products and services, including connected lighting systems, LED solutions, and smart city applications. Their unique offerings, such as the Philips Hue smart lighting range, set them apart by integrating advanced technology with user-friendly design. With a strong commitment to sustainability, Signify has achieved notable recognition, including being named a leader in the Dow Jones Sustainability Index. The company continues to shape the future of lighting, driving advancements in energy efficiency and smart technology.

DitchCarbon Score

How does Signify's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

95

Industry Average

Mean score of companies in the Electricity from Other Sources industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

24

Industry Benchmark

Signify's score of 95 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.

100%

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Signify's reported carbon emissions

In 2024, Signify reported total carbon emissions of approximately 163,893,547,000 kg CO2e, with Scope 1 emissions at about 85,582,000 kg CO2e, Scope 2 emissions (market-based) at approximately 85,582,000 kg CO2e, and Scope 3 emissions reaching about 163,807,965,000 kg CO2e. This represents a significant reduction from 2023, where total emissions were approximately 247,808,408,000 kg CO2e. Signify has set ambitious climate commitments, aiming to reduce its total emissions across all scopes by 35% by the end of 2025 compared to a 2019 baseline. Additionally, the company has committed to a 70% reduction in absolute Scope 1 and 2 emissions by 2030, also from a 2015 baseline. For Scope 3 emissions, Signify targets a 30% reduction by 2030 from the same base year. The company is on track to meet its near-term targets, which align with the Science Based Targets initiative (SBTi) standards, ensuring that its goals are consistent with the global aim to limit warming to 1.5°C. Long-term, Signify aims for net-zero greenhouse gas emissions across its value chain by 2040, with a further commitment to reduce absolute Scope 1 and 2 emissions by 90% and Scope 3 emissions by 90% by the same year. All emissions data and commitments are sourced from Signify N.V., with no data cascaded from a parent organization.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2015201620172018201920202021202220232024
Scope 1
221,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
000,000,000
00,000,000
Scope 2
137,000,000
00,000,000
00,000,000
00,000,000
00,000,000
0,000,000
000,000,000
000,000,000
000,000,000
00,000,000
Scope 3
308,000,000
000,000,000
00,000,000
00,000,000
00,000,000
0,000,000
000,000,000
000,000,000,000
000,000,000,000
000,000,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Signify's primary industry is Electricity nec, which is medium in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Signify is in NL, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Signify is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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