Signify

Signify, a company in the "Electricity nec" industry headquartered in the Netherlands, has made significant climate commitments. In 2024, the company reported a total of approximately 163.9 billion kg CO2e in emissions. This breakdown includes Scope 1 emissions of about 85.6 million kg CO2e and Scope 2 emissions (location-based) of approximately 118.8 million kg CO2e. Scope 3 emissions were significantly higher, totalling around 163.8 billion kg CO2e for the same year, with the largest contribution coming from the use of sold products (approximately 162.9 billion kg CO2e), followed by purchased goods and services (about 671.6 million kg CO2e).

Signify is committed to ambitious emissions reduction targets. By the end of 2025, the company aims to reduce its Scope 1, 2, and 3 emissions by 35% compared to a 2019 baseline. Looking further ahead, Signify has committed to reducing its absolute scope 1 and 2 GHG emissions by 70% by 2030, using 2015 as a base year. A more recent and comprehensive set of targets, aligned with Science Based Targets initiative (SBTi) standards, outlines a commitment to reduce absolute scope 1 and 2 GHG emissions by 50% by 2030 and 90% by 2040, both from a 2019 base year. Furthermore, Signify aims to reduce absolute scope 3 GHG emissions by 50% by 2030 and 90% by 2040, also against a 2019 baseline. The company has also committed to reaching net-zero greenhouse gas emissions across its entire value chain by 2040. Signify is a signatory of the Climate Pledge.