Signify, formerly known as Philips Lighting, is a leading player in the electricity nec industry, headquartered in the Netherlands. Founded in 2016, the company has rapidly established itself as a pioneer in connected lighting solutions, focusing on sustainability and innovation. With a strong presence across Europe, North America, and Asia, Signify offers a diverse range of products and services, including smart lighting systems and energy-efficient solutions.
What sets Signify apart is its commitment to enhancing lives through technology, exemplified by its unique offerings such as the Philips Hue smart lighting range. The company has achieved significant milestones, including being recognised as a global leader in the lighting sector, with a focus on reducing carbon emissions and promoting circular economy practices. Signify continues to shape the future of lighting, making it a key player in the evolving electricity landscape.
+67 vs industry average
Signify’s score of 82 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
The Electricity from Other Sources industry has reduced its overall emissions by 38% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Signify's reported carbon emissions
Signify, headquartered in NL and operating in the Electricity nec industry, has demonstrated a commitment to reducing its carbon footprint. **Carbon Emissions Data:** * **2024:** Signify reported total emissions of approximately 163.89 billion kg CO2e. This included Scope 1 emissions of about 85.58 million kg CO2e and Scope 2 emissions (location-based) of approximately 118.75 million kg CO2e. Scope 3 emissions totalled around 163.81 billion kg CO2e, with the largest contributors being the use of sold products (approximately 162.89 billion kg CO2e) and purchased goods and services (around 671.58 million kg CO2e). * **2023:** Total emissions for 2023 were approximately 192.82 billion kg CO2e, comprising Scope 1 emissions of around 148.39 million kg CO2e and Scope 2 emissions (location-based) of approximately 128.89 million kg CO2e. Scope 3 emissions were approximately 192.67 billion kg CO2e, with the use of sold products accounting for the vast majority at approximately 191.78 billion kg CO2e. * **2022:** Total emissions were approximately 247.81 billion kg CO2e, with Scope 1 emissions at about 142 million kg CO2e and Scope 2 emissions (location-based) at around 140 million kg CO2e. Scope 3 emissions were approximately 247.65 billion kg CO2e, with the use of sold products being the primary contributor at approximately 246.76 billion kg CO2e. * **2021:** Scope 1 emissions were approximately 149 million kg CO2e, and Scope 2 emissions (market-based) were approximately 10 million kg CO2e, while Scope 2 emissions (location-based) were about 186 million kg CO2e. Scope 3 emissions for business travel were around 7 million kg CO2e, and upstream transportation and
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Signify’s Climate Goals (2030 & 2050)
1 goal2025
In our Brighter Lives, Better World 2025 sustainability prog…
In our Brighter Lives, Better World 2025 sustainability program, we commit to doubling the pace of the Paris Agreement's 1.5°C scenario to r…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Signify’s sustainability data and climate commitments
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