Philips Lighting Electronics Company Sustainability Profile
Philips Lighting Electronics Company, commonly known as Signify, is a leading player in the global lighting industry, headquartered in the United States. Founded in 1891, the company has evolved significantly, marking key milestones such as its rebranding to Signify in 2018, which reflects its commitment to innovation and sustainability. Operating primarily in North America, Europe, and Asia, Signify focuses on smart lighting solutions, connected lighting systems, and energy-efficient products. Its core offerings include LED lighting, smart home solutions, and professional lighting systems, distinguished by their advanced technology and sustainability features. With a strong market position, Signify is recognised for its commitment to reducing carbon footprints and enhancing user experiences through innovative lighting designs. The company continues to lead the way in transforming how people interact with light, making it a pivotal force in the lighting sector.
DitchCarbon Score
How does Philips Lighting Electronics Company'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 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 Lighting Electronics Company's score of 89 is lower 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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Philips Lighting Electronics Company, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Signify N.V., which cascades its emissions data and climate commitments. Signify N.V. has made significant strides in sustainability, including commitments to the Science Based Targets initiative (SBTi) and participation in various climate initiatives such as CDP, RE100, and the Race to Zero campaign. However, specific reduction targets or achievements for Philips Lighting Electronics Company are not detailed in the available information. As a subsidiary, Philips Lighting Electronics Company aligns with the broader climate strategies of Signify N.V., which focuses on reducing carbon emissions across its operations. The absence of specific emissions data highlights the need for ongoing transparency and commitment to climate action within the industry.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 279,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 173,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | - | - |
| Scope 3 | 331,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 000,000,000,000 | 000,000,000,000 |
How Carbon Intensive is Philips Lighting Electronics Company's Industry?
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Philips Lighting Electronics Company's Scope 3 Categories Breakdown
Philips Lighting Electronics Company's Scope 3 emissions, which decreased by 15% last year and increased significantly since 2014, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Use of Sold Products" being the largest emissions source at 99% of Scope 3 emissions.
Top Scope 3 Categories
Philips Lighting Electronics Company's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Philips Lighting Electronics Company has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
