Signify Holding B.V. Sustainability Profile
Signify Holding B.V., 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 focus on smart and sustainable lighting solutions. Operating in over 70 countries, Signify is renowned for its innovative products and services, including connected lighting systems and energy-efficient LED solutions. Their commitment to sustainability and smart technology sets them apart in the market, making them a preferred choice for both residential and commercial applications. With a strong market position, Signify has received numerous accolades for its contributions to energy efficiency and design excellence, solidifying its reputation as a pioneer in the lighting sector.
DitchCarbon Score
How does Signify Holding B.V.'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 Real Estate Services 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 Holding B.V.'s score of 94 is higher than 97% 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 Holding B.V., headquartered in the Netherlands (NL), currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of Signify N.V., which cascades its climate commitments and initiatives. While there are no documented reduction targets or specific emissions figures, Signify N.V. is known for its commitment to sustainability and has set ambitious climate goals. The company participates in various initiatives, including the Science Based Targets initiative (SBTi), CDP, RE100, and the Climate Pledge, all of which are cascaded to Signify Holding B.V. from Signify N.V. As part of its climate strategy, Signify N.V. aims to significantly reduce its carbon footprint, although specific targets and achievements have not been detailed in the provided data. The absence of emissions data suggests that the company is still in the process of establishing or reporting its carbon emissions metrics. Overall, Signify Holding B.V. is aligned with its parent company's sustainability efforts, focusing on reducing environmental impact and enhancing climate resilience within the lighting industry.
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| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
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Signify Holding B.V.'s Scope 3 Categories Breakdown
Signify Holding B.V.'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.
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Signify Holding B.V.'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 Holding B.V. 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.
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