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 connected lighting solutions. Operating in major regions including Europe, North America, and Asia, Signify excels in providing innovative lighting products and services, particularly in smart lighting and IoT applications. Their core offerings, such as the Philips Hue smart lighting system, stand out for their energy efficiency and user-friendly integration with smart home technologies. With a strong market position, Signify is recognised for its commitment to sustainability and has received accolades for its efforts in reducing carbon emissions. The company continues to lead the way in transforming how people experience light, making it an essential player in the evolving landscape of 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 61 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Signify's reported carbon emissions
In 2023, Signify, headquartered in the Netherlands, reported total greenhouse gas emissions of approximately 192.7 million tonnes CO2e. This figure includes 148 million tonnes CO2e from Scope 1 emissions and about 129 million tonnes CO2e from Scope 2 emissions, with a significant contribution of approximately 191.8 million tonnes CO2e from Scope 3 emissions, which encompasses the use of sold products. Signify has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its entire value chain by 2040. The company has established near-term targets to reduce absolute Scope 1 and 2 emissions by 50% and Scope 3 emissions by 50% by 2030, using 2019 as the baseline year. For the long term, Signify aims to achieve a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2040. These commitments align with industry standards and reflect Signify's dedication to sustainability and climate action, positioning the company as a leader in the electrical equipment sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 161,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | 1,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 3 | 7,000,000 | 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 committed to some reduction initiatives 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.
