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 95 is higher than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 (market-based) also at approximately 85,582,000 kg CO2e, and Scope 3 emissions reaching about 163,807,965,000 kg CO2e. This represents a significant reduction from 2023, where total emissions were approximately 247,808,408,000 kg CO2e. Signify has set ambitious climate commitments, aiming to reduce its total emissions across all scopes by 35% by the end of 2025 compared to a 2019 baseline. Additionally, the company has committed to a 70% reduction in absolute Scope 1 and 2 emissions by 2030, also from a 2015 baseline. For Scope 3 emissions, Signify targets a 30% reduction by 2030. The company is aligned with the Science Based Targets initiative (SBTi), committing to net-zero greenhouse gas emissions across its value chain by 2040. This includes a near-term target of reducing absolute Scope 1 and 2 emissions by 50% by 2030, and a long-term goal of a 90% reduction by 2040. Signify's emissions data is sourced directly from its own reporting and does not cascade from any parent organization. The company is headquartered in the Netherlands and operates within the electrical equipment and machinery sector.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 221,000,000 | 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 | 137,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 308,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 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 participating in some of the initiatives that 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.
