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 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.
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 83 is higher than 100% 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 reported total carbon emissions of approximately 192,821,000 kg CO2e, comprising 148,000,000 kg CO2e from Scope 1 and 129,000,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, including 191,779,000 kg CO2e from the use of sold products and 68,300,000 kg CO2e from other categories. Signify has set ambitious climate commitments, aiming for net-zero greenhouse gas emissions across its 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 base year. Long-term goals include a 90% reduction in both Scope 1 and 2 emissions and Scope 3 emissions by 2040. These targets align with the Science Based Targets initiative (SBTi) and reflect Signify's commitment to sustainable practices within the electrical equipment and machinery sector. The company is headquartered in the Netherlands and continues to focus on reducing its carbon footprint while promoting energy-efficient solutions.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 161,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 2 | 1,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | - |
| Scope 3 | 7,000,000 | 000,000,000,000 | 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.
