Signify N.V. is a global lighting company specializing in the design, manufacture, and distribution of cutting-edge lighting solutions for professional and consumer markets. Best known for unlocking t... Signify N.V. is a global lighting company specializing in the design, manufacture, and distribution of cutting-edge lighting solutions for professional and consumer markets. Best known for unlocking the potential of light through advanced technologies, Signify is a world leader in connected LED lighting systems, software, and services. Its portfolio encompasses luminaires and lighting systems for public, office, industrial, retail, and hospitality environments, representing a majority of its business. The company also offers LED lamps, domestic lighting products, and connected home solutions, alongside a smaller segment of conventional lighting. With operations spanning over 74 countries and a workforce of nearly 30,000 employees, Signify serves a diverse, multinational clientele. Major markets include the United States, the Netherlands, China, and Germany, as well as broader global regions. Through ongoing innovation, particularly in energy efficiency and smart technology, Signify plays a vital role in supporting more sustainable cities and businesses while driving trends in digital transformation and environmental stewardship within the vast construction supplies and fixtures sector.
In 2024, Signify was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.
The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.
Signify has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Signify are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.
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Total Taxonomy Aligned A1 Turnover
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Total Taxonomy Eligible A Turnover
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Total Taxonomy Non-Eligible B Turnover
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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Total Taxonomy Aligned A1 Opex
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Total Taxonomy Eligible A Opex
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Total Taxonomy Non-Eligible B Opex
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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Total Taxonomy Aligned A1 Capex
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Total Taxonomy Eligible A Capex
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Total Taxonomy Non-Eligible B Capex
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3.5 CCM/CCA - Manufacture of energy efficiency equipment for buildings
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3.6 CCM/CCA - Manufacture of other low carbon technologies
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7.3 CCM/CCA - Installation, maintenance and repair of energy efficiency equipment
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7.5 CCM/CCA - Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
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7.7 CCM/CCA - Acquisition and ownership of buildings
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Limited Data Preview
You are viewing a limited preview of Signify’s EU Taxonomy dataset. The full dataset, available for download, includes eligibility and alignment metrics for turnover, CAPEX, and OPEX across all EU Taxonomy categories (A1, A2, A, B, and A+B), at both aggregate and activity level, with historical coverage back to 2021.
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Verified Sources Behind Signify’s EU Taxonomy Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Signify’s data sources below and access millions more through our Disclosure Search.
a. Signify's Annual Report 2024
b. Signify's Annual Report 2023
c. Signify's Annual Report 2022
Insights into Signify's Revenues from Sustainable Activities
In 2024, Signify reported EU Taxonomy-eligible revenues of EUR 5.39 billion, representing 87.7% of its total turnover. Of this amount, EUR 771.70 million of Signify's revenues was classified as EU Taxonomy-aligned, indicating that 12.6% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Signify's Taxonomy-Eligible Turnover Over Time
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
Have Signify's revenues become more sustainable over time?
Compared to the previous year (2023), Signify's taxonomy-aligned revenues increased by 48.24%,highlighting Signify's deeper integration of environmentally sustainable activities into its core business model, or improved classification and reporting of those activities under the EU Taxonomy.a, b
How much of Signify's revenue is eligible under the EU Taxonomy?
In 2024, Signify reported that EUR 5.39 billion of its revenue was eligible under the EU Taxonomy, representing 87.7% of the company's total turnover. Of this amount, EUR 771.70 million (12.6% of total revenue) was classified as Taxonomy-aligned. This means that 75.2% of Signify's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.a
How much of Signify's eligible revenue is aligned with the EU Taxonomy?
In 2024, Signify reported that EUR 771.70 million of its revenue was aligned under the EU Taxonomy, representing 12.6% of its total turnover.a
This moderate level of alignment indicates that Signify has begun shifting toward more sustainable operations but still has considerable room to enhance its green offerings.
Signify's Eligibility & Alignment Overview
Signify's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover
How is Signify's taxonomy-aligned revenue distributed across the EU environmental objectives?
In 2024, Signify reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 12.6%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much revenue does Signify earn from selling climate-related solutions ?
In 2024, Signify reported that EUR 773.98 million of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 12.6% of the company's total revenue,indicating that Signifyhas a moderate focuson solutions that support climate action through its commercial activities.a
Insights into Signify's CAPEX from Sustainable Activities
In 2024, Signify reported EU Taxonomy-eligible CAPEX of EUR 122.80 million,representing 90.6% of its total CAPEX. Of this amount, EUR 40.10 million of Signify's CAPEX was classified as EU Taxonomy-aligned, indicating that 29.5% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Signify's Taxonomy-Eligible Capex Over Time
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
Have Signify's increased its investment in sustainable activities over time?
Compared to the previous year (2023), Signify's taxonomy-aligned CAPEX increased by 243.02%,highlighting Signify's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.a, b
How much of Signify's capital expenditure (CAPEX) is eligible under the EU Taxonomy?
In 2024, Signify reported that EUR 122.80 million of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 90.6% of the company's total CAPEX. Of this amount, EUR 40.10 million (29.5% of total CAPEX) was classified as Taxonomy-aligned. This means that 61% of Signify's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Signify's eligible CAPEX is aligned with the EU Taxonomy?
In 2024, Signify reported that EUR 40.10 million of its CAPEX was aligned under the EU Taxonomy, representing 29.5% of its total capital investment.a
This moderate level of alignment indicates that Signify is beginning to transition its capital allocation toward greener investments, but still retains substantial opportunities for further alignment with sustainability goals.
Signify's Eligibility & Alignment Overview
Signify's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex
How is Signify's taxonomy-aligned CAPEX distributed across the EU environmental objectives?
In 2024, Signify reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 29.5%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much Signify is investing in climate-related solutions?
In 2024, Signify allocated EUR 40.00 million of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 29.5% of the company's total capital expenditure,indicating that Signifyis moderately allocating capital toward climate-aligned initiatives, while maintaining a diversified investment portfolio.a
Insights into Signify's OPEX from Sustainable Activities
In 2024, Signify reported EU Taxonomy-eligible OPEX of EUR 334.20 million,representing 91.9% of its total operating expenses (OPEX). Of this amount, EUR 117.10 million of Signify's OPEX was classified as EU Taxonomy-aligned, indicating that 32.2% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).a
Signify's Taxonomy-Eligible Opex Over Time
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
Have Signify's increased its spending in sustainable activities over time?
Compared to the previous year (2023), Signify's taxonomy-aligned OPEX increased by 347.22%,highlighting Signify's growing commitment to funding sustainable operations or improving how such expenses are classified and reported under the EU Taxonomy.a, b
How much of Signify's operational expenditure (OPEX) is eligible under the EU Taxonomy?
In 2024, Signify reported that EUR 334.20 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 91.9% of the company's total OPEX. Of this amount, EUR 117.10 million (32.2% of total OPEX) was classified as Taxonomy-aligned. This means that 59.7% of Signify's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).a
How much of Signify's eligible OPEX is aligned with the EU Taxonomy?
In 2024, Signify reported that EUR 117.10 million of its OPEX was aligned under the EU Taxonomy, representing 32.2% of its total operational expenditure.a
This moderate level of alignment indicates that Signify is beginning to shift operational priorities toward greener practices, with room for deeper integration.
Signify's Eligibility & Alignment Overview
Signify's Contribution to Environmental Objectives
Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex
How is Signify's taxonomy-aligned OPEX distributed across the EU environmental objectives?
In 2024, Signify reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectivesa:
Climate Change Mitigation: 32.2%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%
How much of Signify's operational budget supports climate-related solutions?
In 2024, Signify allocated EUR 117.14 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 32.2% of the company's total OPEX,indicating that Signifyis moderately integrating climate considerations into its ongoing operations, with potential to scale up climate-aligned spending.a
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