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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.
85
DitchCarbon score
+69 vs industry average
Signify’s score of 85 is higher than 95% 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
Very High
Electricity from Other Sources is among the most carbon-intensive industries
Industry performance
3.039
20182025
The Electricity from Other Sources industry has reduced its overall emissions by 36% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Signify's reported carbon emissions
As of 2024, Signify, a Netherlands-based company in the Electricity nec industry, reported total emissions of approximately 163.89 billion kg CO2e. This includes Scope 1 emissions of 85.58 million kg CO2e and Scope 2 (location-based) emissions of 118.75 million kg CO2e. Scope 3 emissions totalled approximately 163.81 billion kg CO2e, with significant contributions from use of sold products (approximately 162.89 billion kg CO2e), purchased goods and services (671.58 million kg CO2e), and upstream transportation and distribution (74.23 million kg CO2e).
Looking back, Signify's total emissions have seen reductions from previous years, with approximately 192.82 billion kg CO2e in 2023 and approximately 247.81 billion kg CO2e in 2022.
Signify has set ambitious climate commitments, with Science Based Targets initiative (SBTi) validated targets. The company commits to reaching net-zero greenhouse gas emissions across its entire value chain by 2040.
Near-Term Targets:
- Reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030, using a 2019 base year.
- Reduce absolute Scope 3 GHG emissions by 50% by 2030, using a 2019 base year.
Long-Term Targets:
- Reduce absolute Scope 1 and 2 GHG emissions by 90% by 2040, using a 2019 base year.
- Reduce absolute Scope 3 GHG emissions by 90% by 2040, using a 2019 base year.
Signify is also a signatory of The Climate Pledge, committing to achieve net-zero carbon emissions by 2040.
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Signify’s Climate Goals (2030 & 2050)
5 goals2030
50% reduction in scope 3 total
Signify also commits to reduce absolute scope 3 GHG emissions 50% within the same timeframe.
On track50%
2030
50% reduction in Scope 1
Signify commits to reduce absolute scope 1 GHG emissions 50% by 2030 from a 2019 base year.
On track50%
2040
90% reduction in scope 3 total
Signify commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.
At risk90%
See all 5 climate goals
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Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2030 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
Signed 2020See details
Active
UN Global Compact Climate Champions initiative
See details
Active
RE 100
2021 targetSee details
Active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Signify2 months ago
85
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Frequently asked questions
Common questions about Signify’s sustainability data and climate commitments
Usage policy
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