Philips

Philips, headquartered in NL and operating in the Electromedical and Electrotherapeutic Apparatus Manufacturing industry, has set ambitious climate commitments to reduce its carbon footprint.

For the year 2025, Philips reported total emissions of approximately 4.12 billion kg CO2e. This includes Scope 1 emissions of 17.69 million kg CO2e, Scope 2 market-based emissions of 1.95 million kg CO2e (or 154.77 million kg CO2e location-based), and significant Scope 3 emissions. Key contributors to Scope 3 emissions in 2025 were use of sold products (2.24 billion kg CO2e), purchased goods and services (1.51 billion kg CO2e), and upstream transportation and distribution (194.65 million kg CO2e).

Looking back, Philips's total emissions in 2024 were approximately 4.35 billion kg CO2e, and in 2023, they were around 4.99 billion kg CO2e. This indicates a downward trend in overall emissions from 2023 to 2025.

Philips has a clear set of reduction targets verified by the Science Based Targets initiative (SBTi). The company commits to:

• Reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 75% by 2025, compared to a 2015 base year.
• Further reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by 2040, compared to a 2015 base year.
• Reduce absolute Scope 3 GHG emissions from purchased goods and services, business travel, downstream transportation and distribution, and use of sold products by 42% by 2030, from a 2020 base year.

Furthermore, Koninklijke Philips N.V. (as the source organisation for these commitments) has an overall net-zero target to achieve net-zero greenhouse gas emissions across its value chain by 2045. As part of this, the company commits to reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by 2030 from a 2015 base year, and maintain this reduction through 2045. They also aim to reduce absolute Scope 3 GHG emissions by 90% by 2045 from a 2020 base year.

Philips is also a signatory to The Climate Pledge, having signed on 18 April 2021.