Signify

Signify's reported carbon emissions

In 2024, Signify reported total greenhouse gas emissions of approximately 163.9 million kg CO2e, comprising 85.6 million kg CO2e from Scope 1, 118.8 million kg CO2e from Scope 2, and approximately 163.8 million kg CO2e from Scope 3 emissions. The Scope 3 emissions primarily stem from the use of sold products, which accounted for about 162.9 million kg CO2e. Signify has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 emissions by 70% by 2030 from a 2015 baseline. Additionally, the company targets a 30% reduction in absolute Scope 3 emissions from the use of sold products by 2030, also based on the 2015 baseline. Furthermore, Signify has committed to achieving net-zero greenhouse gas emissions across its entire value chain by 2040. The company is actively participating in the Science Based Targets initiative (SBTi), aligning its targets with the 1.5°C scenario of the Paris Agreement. Signify's near-term targets include a 50% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2019 baseline, with a long-term goal of a 90% reduction by 2040. Signify's headquarters is located in the Netherlands, and it is committed to sustainability through its Brighter Lives, Better World 2025 programme, which aims to double the pace of emissions reduction compared to the Paris Agreement's targets.