In 2024, Koninklijke Philips completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Koninklijke Philips has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 17,783a | 19,856a | 22,518b | |
Total Scope 2 | ||||
Market-Based | 2,179a | 2,137a | 2,383b | |
Location-Based | 157,610a | 145,908a | 167,486b | |
Total Scope 3 | 4,378,443a | 4,973,181b | 4,311,197b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.9483a | 0.9874a | 1.1849b |
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In 2024, the total operational greenhouse gas (GHG) emissions of Koninklijke Philips amounted to 175,393 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Koninklijke Philips increased by 5.81%, suggesting that the company faced challenges in reducing its emissions from its core operations.a
In 2024, the total Scope 1 emissions of Koninklijke Philips were 17,783 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Koninklijke Philips's Scope 1 emissions have decreased by 44.43%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year (2023), Koninklijke Philips's Scope 1 emissions decreased by 10.44%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Koninklijke Philips reported Scope 2 greenhouse gas (GHG) emissions of 2,179 tCO₂e using the market-based method and 157,610 tCO₂e using the location-based method.a
Since 2019, Koninklijke Philips's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 19.59%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year (2023), Koninklijke Philips's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Koninklijke Philips's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Koninklijke Philips reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Koninklijke Philips reported 4,378,443 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of Koninklijke Philips includes a breakdown across 5 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Koninklijke Philips reported total Scope 3 emissions of 4,378,443 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 42.25% of these emissions originated from upstream activities such as purchased goods and capital goods, while 57.75% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Koninklijke Philips's Scope 3 emissions have increased by 603.93%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Koninklijke Philips's Scope 3 emissions decreased by 11.96%, highlighting the company's efforts to lower indirect emissions from its value chain.ab
In 2024, Koninklijke Philips reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
In 2024, the largest contributors to Koninklijke Philips's Scope 3 emissions were:a
In 2024, Koninklijke Philips reported Scope 1 greenhouse gas (GHG) emissions of 17,783 tCO₂e and total revenues of USD 18,753 millions. This translates into an emissions intensity of 0.95 tCO₂e per millions USD.a
In 2024, Koninklijke Philips reported a Scope 1 emissions intensity of 0.95 tCO₂e per millions USD. Compared to the peer group median of 2.78, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Koninklijke Philips ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Koninklijke Philips among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Koninklijke Philips reported a total carbon footprint of 4,553,836 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 11.39% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to Koninklijke Philips's total carbon footprint was Scope 3 emissions, accounting for 96.15% of the company's total carbon footprint, followed by Scope 2 emissions at 3.46%.a