Signify

Signify, headquartered in the Netherlands and operating in the Electricity nec industry, reported total carbon emissions of approximately 163.9 billion kg CO2e in 2024. This figure includes Scope 1 emissions of 85,582,000 kg CO2e, Scope 2 emissions (location-based) of 118,753,000 kg CO2e, and Scope 3 emissions of 163,807,965,000 kg CO2e. The largest contributor to Scope 3 emissions was the use of sold products, accounting for 162,886,237,000 kg CO2e. In 2023, total emissions were approximately 192.8 billion kg CO2e, with Scope 1 at 148,393,000 kg CO2e, Scope 2 (location-based) at 128,887,000 kg CO2e, and Scope 3 at 192,672,579,000 kg CO2e. The use of sold products also dominated Scope 3 in 2023 at 191,779,024,000 kg CO2e.

Signify has established robust climate commitments, with near-term and long-term Science Based Targets initiative (SBTi) validated goals. Signify N.V. is committed to reaching net-zero greenhouse gas emissions across its value chain by 2040. For near-term targets, Signify aims to reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from a 2019 base year, and absolute Scope 3 GHG emissions by 50% within the same timeframe. For long-term targets, the company commits to reducing absolute Scope 1 and 2 GHG emissions by 90% by 2040 from a 2019 base year, and absolute Scope 3 GHG emissions by 90% within the same timeframe. Earlier targets include a 70% reduction in absolute Scope 1 and 2 GHG emissions by 2030 from a 2015 base-year, and a 30% reduction in absolute Scope 3 GHG emissions from use of sold products by 2030 from a 2015 base-year. Additionally, Signify has a commitment to reduce all Scope 1, 2, and 3 emissions by 35% by the end of 2025, compared to its 2019 baseline year, as part of its Brighter Lives, Better World 2025 sustainability program. Signify also signed The Climate Pledge in 2020.