Philips

Philips's reported carbon emissions

Philips, a leading health technology company headquartered in NL, has set ambitious climate goals. In 2025, the company reported total emissions of approximately 4.1 billion kg CO2e. This includes Scope 1 emissions totalling around 17.7 million kg CO2e, and Scope 2 emissions around 1.9 million kg CO2e (market-based). Scope 3 emissions were substantial, with 'use of sold products' accounting for approximately 2.2 billion kg CO2e, and 'purchased goods and services' at approximately 1.5 billion kg CO2e. Philips is committed to significant emissions reductions. They aim to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 75% by 2025, compared to a 2015 baseline. Furthermore, the company has set a long-term target to reduce these emissions by 90% by 2040 from the same 2015 baseline. For Scope 3 emissions, specifically from purchased goods and services, business travel, downstream transportation and distribution, and the use of sold products, Philips is targeting a 42% reduction by 2030, based on a 2020 baseline. In addition to these near-term goals, Philips aims for net-zero GHG emissions across its value chain by 2045.