Signify Innovations India Limited Sustainability Profile
Signify Innovations India Limited, formerly known as Philips Lighting, is a leading player in the lighting industry, headquartered in India. Established in 2018, the company has rapidly evolved, focusing on innovative lighting solutions and smart city initiatives across major operational regions in India. Specialising in energy-efficient LED lighting, Signify offers a diverse range of products, including connected lighting systems and advanced outdoor solutions. Their commitment to sustainability and smart technology sets them apart in the market. With a strong emphasis on research and development, Signify has achieved significant milestones, positioning itself as a frontrunner in the Indian lighting sector. The company is recognised for its contributions to enhancing urban infrastructure and promoting energy conservation, solidifying its reputation as a trusted name in the industry.
DitchCarbon Score
How does Signify Innovations India Limited'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 Electrical Machinery Manufacturing 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 Innovations India Limited's score of 92 is higher than 95% 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 Innovations India Limited, headquartered in India, 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 emissions data down to its subsidiaries. As part of its climate strategy, Signify N.V. has set ambitious targets, including commitments to the Science Based Targets initiative (SBTi) and participation in various sustainability initiatives such as CDP, RE100, and the Climate Pledge. However, specific reduction targets or achievements for Signify Innovations India Limited have not been disclosed. The absence of direct emissions data highlights the importance of the overarching commitments made by Signify N.V. to drive sustainability across its global operations. As a subsidiary, Signify Innovations India Limited aligns with these initiatives, contributing to the broader goals of reducing carbon emissions and enhancing climate resilience within the industry.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 |
How Carbon Intensive is Signify Innovations India Limited's Industry?
How Carbon Intensive is Signify Innovations India Limited's Location?
Signify Innovations India Limited's Scope 3 Categories Breakdown
Signify Innovations India Limited'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
Signify Innovations India Limited'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 Innovations India Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
