Ditchcarbon
  • Contact
  1. Organizations
  2. Signify
Public Profile
Electricity from Other Sources
NL
updated 6 days ago

Signify Sustainability Profile

Company website

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.

96

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.

22

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.

100%

Let us know if this data was useful to you

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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20142015201620172018201920202021202220232024
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Signify's primary industry is Electricity nec, which is medium in terms of carbon intensity compared to other industries.

How Carbon Intensive is Signify's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Signify is in NL, which has a very low grid carbon intensity relative to other regions.

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

2024
Use of Sold Products
99%
Purchased Goods and Services
<1%
Upstream Transportation & Distribution
<1%
Fuel and Energy Related Activities
<1%
Employee Commuting
<1%
Business Travel
<1%
End-of-Life Treatment of Sold Products
<1%
Waste Generated in Operations
<1%
Capital Goods
<1%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Signify's Emissions with Industry Peers

OSRAM Licht AG

DE
•
Radio, television and communication equipment and apparatus (32)
Updated 1 day ago

Orbital Sciences Corp.

US
Updated 17 days ago

ORION ENERGY SYSTEMS, INC.

US
•
Electricity nec
Updated 2 days ago

MLS Co., Ltd.

CN
•
Electrical machinery and apparatus n.e.c. (31)
Updated 4 days ago

Honeywell Int'l Inc.

US
•
Electrical machinery and apparatus n.e.c. (31)
Updated 3 days ago

Cubic Corporation

US
•
Public administration and defence services; compulsory social security services (75)
Updated 15 days ago

Let us know if this data was useful to you

Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

Ditchcarbon
v251030.3
[email protected]+44 203 475 7875Ditch Carbon Ltd167-169 Great Portland StreetLondon W1W 5PF
UL Solutions verification badge
CDP logo
Gartner Cool Vendor 2025 badge
ProductPortalScope 3 Tool FunctionalityDataIntegrationsPricing
CustomersHaleonGrant ThorntonHikmaRead all stories
SolutionsProcurement teamsSustainability teamsPlatform ownersCarbon accountants
ResourcesCalculation MethodologyDocumentationBlogFAQOrganizationsIndustriesSBTI APITrust CentreChangelog
AboutTeamCareersLicense AgreementPrivacy