Philips

Philips's reported carbon emissions

Philips, a global health technology company headquartered in the Netherlands, is actively engaged in reducing its carbon emissions and addressing climate change. **Carbon Emissions Data:** In 2025, Philips reported total global greenhouse gas emissions of approximately 4.12 billion kg CO2e. This included Scope 1 emissions of about 17.69 million kg CO2e and Scope 2 emissions (market-based) of approximately 1.95 million kg CO2e. Scope 3 emissions were substantial, with use of sold products accounting for about 2.24 billion kg CO2e and purchased goods and services contributing approximately 1.51 billion kg CO2e. For 2024, total emissions were around 4.35 billion kg CO2e, comprising Scope 1 emissions of approximately 17.78 million kg CO2e and Scope 2 (market-based) of about 2.18 million kg CO2e. Scope 3 emissions included roughly 2.53 billion kg CO2e from the use of sold products and approximately 1.40 billion kg CO2e from purchased goods and services. In 2023, total emissions were approximately 5.00 billion kg CO2e, with Scope 1 emissions around 19.86 million kg CO2e and Scope 2 (market-based) at approximately 2.14 million kg CO2e. The use of sold products was a significant contributor to Scope 3 emissions at about 3.07 billion kg CO2e, alongside purchased goods and services at approximately 1.51 billion kg CO2e. **Climate Commitments and Targets:** Philips has set ambitious targets to mitigate its climate impact: * **Near-Term Targets:** * A commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 75% by 2025, using 2015 as a baseline year. * A commitment to reduce absolute Scope 3 GHG emissions from purchased goods and services, business travel, downstream transportation and distribution, and use of sold products by 42% by 2030, from a 2020 baseline. * **Long-Term Targets:** * A commitment to reduce absolute Scope 1 and Scope 2 GHG emissions by 90% by 2040, compared to the 2015 baseline year. * A commitment to achieve net-zero greenhouse gas emissions across the value chain by 2045. * A commitment to maintain a minimum 90.0% absolute Scope 1 and 2 GHG emissions reduction from 2030 through 2045, based on the 2015 baseline. * A commitment to reduce absolute Scope 3 GHG emissions by 90.0% by 2045, from a 2020 base year. Philips is recognised as a signatory to the Climate Pledge.