Philips
Philips, officially known as Koninklijke Philips N.V., is a leading health technology company headquartered in the Netherlands (NL). Founded in 1891, Philips has evolved from its origins in lighting to become a global powerhouse in health technology, with significant operations across Europe, North America, and Asia. The company focuses on key areas such as diagnostic imaging, patient monitoring, and personal health, offering innovative products and services that enhance patient care and improve health outcomes. Philips is renowned for its commitment to sustainability and design, setting it apart in a competitive market. With a strong market position, Philips has achieved numerous accolades, including recognition for its advancements in medical technology and consumer health solutions. The company continues to drive innovation, making a significant impact on the healthcare landscape worldwide.
DitchCarbon Score
How does Philips'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 Computer Services 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
Philips's score of 80 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Philips's reported carbon emissions
In 2024, Philips reported total carbon emissions of approximately 4,398,405,000 kg CO2e, a decrease from about 4,995,174,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at about 17,783,000 kg CO2e, Scope 2 emissions at approximately 2,179,000 kg CO2e (market-based), and significant Scope 3 emissions, notably from the use of sold products (approximately 2,528,611,000 kg CO2e) and purchased goods and services (about 1,396,321,000 kg CO2e). Philips has set ambitious reduction targets, committing to a 75% reduction in absolute Scope 1 and Scope 2 greenhouse gas emissions by 2025 and a 90% reduction by 2040, using 2015 as the baseline year. Additionally, the company aims to reduce absolute Scope 3 emissions by 42% by 2030 from a 2020 baseline. These targets are aligned with the Science Based Targets initiative (SBTi) and are designed to support the global effort to limit warming to 1.5°C. Philips's climate commitments also include a pledge to achieve net-zero emissions across all scopes by 2050. The company is actively working towards these goals, with a reported 84% reduction in Scope 1 and 2 emissions expected by 2024 compared to the 2020 baseline. Overall, Philips's climate strategy reflects a strong commitment to sustainability and reducing its carbon footprint, positioning the company as a leader in the healthcare equipment and supplies sector.
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| 2007 | 2008 | 2009 | 2010 | 2015 | 2018 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 449,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 717,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 991,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Philips 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.
