Signify
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 82 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 2023, Signify reported total carbon emissions of approximately 192,821,000,000 kg CO2e. This includes 148,000,000 kg CO2e from Scope 1 emissions, 129,000,000 kg CO2e from Scope 2 emissions (location-based), and a significant 192,673,000,000 kg CO2e from Scope 3 emissions, primarily from the use of sold products. Signify has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 50% by 2030 from a 2019 base year, and to achieve a 90% reduction by 2040. Additionally, the company targets a 50% reduction in absolute Scope 3 emissions within the same timeframe, with a long-term goal of a 90% reduction by 2040. Notably, Signify has previously achieved an 11% reduction in Scope 1 emissions from manufacturing and a 21% reduction in Scope 2 emissions from non-industrial operations between 2016 and 2017, primarily through operational changes and increased renewable electricity usage. Signify is committed to reaching net-zero greenhouse gas emissions across its value chain by 2040, aligning its targets with the Science Based Targets initiative (SBTi) to ensure they contribute to limiting global warming to 1.5°C.
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| 2015 | 2016 | 2017 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 221,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 137,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | - |
| Scope 3 | 308,000,000 | 000,000,000 | 000,000,000 | 0,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 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.
Signify 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.
