Philips
Philips, officially known as Koninklijke Philips N.V., is a leading health technology company headquartered in the Netherlands (NL). Founded in 1891, Philips has evolved from its origins in lighting to become a global powerhouse in health technology, with significant operations across Europe, North America, and Asia. The company focuses on key areas such as diagnostic imaging, patient monitoring, and personal health, offering innovative products and services that enhance patient care and improve health outcomes. Philips is renowned for its commitment to sustainability and design, setting it apart in a competitive market. With a strong market position, Philips has achieved numerous accolades, including recognition for its advancements in medical technology and consumer health solutions. The company continues to drive innovation, making a significant impact on the healthcare landscape worldwide.
DitchCarbon Score
How does Philips'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 Computer 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
Philips's score of 80 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Philips's reported carbon emissions
In 2024, Philips reported total carbon emissions of approximately 4,398,405,000 kg CO2e. This includes Scope 1 emissions of about 17,783,000 kg CO2e, Scope 2 emissions of approximately 2,179,000 kg CO2e (market-based), and significant Scope 3 emissions, notably 2,528,611,000 kg CO2e from the use of sold products. In comparison, 2023 emissions were about 4,995,174,000 kg CO2e, with Scope 1 at 19,856,000 kg CO2e and Scope 2 at approximately 2,137,000 kg CO2e (market-based). Philips has set ambitious climate commitments, aiming for a 75% reduction in absolute Scope 1 and Scope 2 emissions by 2025, and a 90% reduction by 2040, using 2015 as the baseline year. Additionally, the company targets a 42% reduction in absolute Scope 3 emissions by 2030 from a 2020 baseline. These targets align with the Science Based Targets initiative (SBTi) and are consistent with the goal of limiting global warming to 1.5°C. Philips is also committed to achieving net-zero emissions across all scopes by 2050. The company has made significant strides in reducing its carbon footprint, with a reported 84% reduction in Scope 1 and 2 emissions compared to a 2020 baseline expected by 2024. This commitment reflects Philips's dedication to sustainability and its role in the healthcare equipment and supplies sector, headquartered in the Netherlands (NL).
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| 2007 | 2008 | 2009 | 2010 | 2015 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 449,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 717,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 991,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | - | 000,000,000 | 000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Philips 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.
