In 2016 Royal Philips spun off its lighting division, creating Philips Lighting, the world's largest lighting company. In 2018 Philips Lighting changed its name to Signify, though their lights still use the Philips brand.
In 2021, the Carbon Disclosure Project (CDP) asked companies to provide data about their efforts to reduce greenhouse gas emissions and mitigate climate change risk. Responding companies are scored across four key areas: disclosure; awareness; management; and leadership. This company received a CDP Climate Change Score of A.
Source: CDP (2021)
Signify achieved its goal of becoming carbon neutral in all of its operations across the world. From 2010 to 2020, Signify reduced its carbon footprint by more than 70% and transformed all of its global markets to carbon neutrality.
Signify shifted to 100% renewable electricity through two virtual power purchase agreements, one in Texas and one in Poland.
Source: UNFCCC (2020)
This company received an S&P Global ESG Score of 86/100 in the Electrical Components & Equipment category of the S&P Global Corporate Sustainability Assessment, an annual evaluation of companies' sustainability practices (last updated 22 Jan 2021). The rankings are based on an analysis of corporate economic, environmental and social performance, assessing issues such as corporate governance, risk management, environmental reporting, climate strategy, human rights and labour practices.
Source: S&P Global (2021)
As listed on the We Mean Business website, this company has committed to the following climate action initiatives: adopt a science-based emissions reduction target; commit to 100% renewable power; report climate change information in mainstream reports as a fiduciary duty; commit to electric vehicles.
Source: We Mean Business (2021)
This company has extensive sustainability claims on its website.
Source: company website (2021)
This company is a member of the Responsible Business Alliance (formerly the Electronic Industry Citizenship Coalition), a non-profit coalition of electronics companies which supports the rights and wellbeing of workers and communities worldwide affected by the global electronics supply chain. RBA members commit and are held accountable to a common Code of Conduct and utilize a range of RBA training and assessment tools to support continuous improvement in the social, environmental and ethical responsibility of their supply chains.
Source: RBA (2022)
The Signify Foundation supports underprivileged and underserved communities across the world by enabling access to light. When pursuing this mission, the Foundation expects to leverage on Signify's expertise and knowledge to help develop and provide easily-accessible, sustainable lighting systems that have a meaningful impact on people's lives.
Source: company website (2022)
|Revenue||6.2 billion EUR (2019)|
Products / BrandsSignify
Philips Light Globes