Signify Sustainability Profile
Signify, formerly known as Philips Lighting, is a leading global player in the lighting industry, headquartered in the Netherlands. Founded in 1891, the company has evolved significantly, marking key milestones such as its rebranding in 2018 to reflect its focus on smart lighting solutions and sustainability. Operating in over 70 countries, Signify excels in providing innovative lighting products and services, including connected lighting systems, LED solutions, and smart city applications. Their unique offerings, such as the Philips Hue smart lighting range, set them apart by integrating advanced technology with user-friendly design. With a strong commitment to sustainability, Signify has achieved notable recognition, including being named a leader in the Dow Jones Sustainability Index. The company continues to shape the future of lighting, driving advancements in energy efficiency and smart technology.
DitchCarbon Score
How does Signify'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 Electricity from Other Sources 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
Signify's score of 96 is higher 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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Signify's reported carbon emissions
In 2024, Signify reported total carbon emissions of approximately 163,893,547,000 kg CO2e, with Scope 1 emissions at about 85,582,000 kg CO2e, Scope 2 emissions (location-based) at approximately 118,753,000 kg CO2e, and Scope 3 emissions reaching about 163,807,965,000 kg CO2e. The company has set ambitious climate commitments, aiming to reduce its overall emissions by 35% by the end of 2025 compared to a 2019 baseline. Additionally, Signify has committed to a 70% reduction in absolute Scope 1 and 2 emissions by 2030, also from a 2015 base year, and a 30% reduction in Scope 3 emissions from the use of sold products by 2030. Signify's long-term targets include achieving net-zero greenhouse gas emissions across its entire value chain by 2040, with interim goals of reducing absolute Scope 1 and 2 emissions by 50% by 2030 and 90% by 2040, alongside a similar 90% reduction target for Scope 3 emissions. These targets align with the Science Based Targets initiative (SBTi) and reflect the company's commitment to the Paris Agreement's 1.5°C scenario. The emissions data and reduction targets are sourced directly from Signify N.V., with no data cascaded from a parent or related organization.
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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 Signify's Industry?
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Signify's Scope 3 Categories Breakdown
Signify'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
Signify'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.
Signify has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
