Signify
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.
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.
Industry Benchmark
Signify's score of 85 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Signify's reported carbon emissions
In 2024, Signify reported total carbon emissions of approximately 192,821,000 kg CO2e, with emissions distributed across various scopes: 85,582,000 kg CO2e (Scope 1), 118,753,000 kg CO2e (Scope 2), and 742,300,000 kg CO2e from Scope 3 activities, which include significant contributions from purchased goods and services (671,584,000 kg CO2e) and upstream transportation (74,230,000 kg CO2e). Signify has set ambitious climate commitments, aiming for a 70% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2015 as the baseline year. Additionally, the company targets a 30% reduction in Scope 3 emissions from the use of sold products by the same year. These targets align with the Science Based Targets initiative (SBTi) and are part of their broader commitment to achieving net-zero emissions across their entire value chain by 2040. The company is on track to meet its near-term targets, with a commitment to reduce absolute Scope 1 and 2 emissions by 50% by 2030 from a 2019 baseline, and to achieve a 90% reduction by 2040. Signify's sustainability strategy is encapsulated in its "Brighter Lives, Better World 2025" programme, which aims to double the pace of emissions reductions in line with the Paris Agreement's 1.5°C scenario by the end of 2025, compared to a 2019 baseline. Overall, Signify's comprehensive approach to reducing carbon emissions reflects its commitment to sustainability and climate action, positioning the company as a leader in the electrical equipment and machinery sector.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 221,000,000 | 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 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | - |
| Scope 3 | 308,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
