Signify NV
Signify's GHG Emissions Data Preview
In 2024, Signify 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).
Signify has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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aVerified Sources Behind Signify’s Greenhouse Gas (GHG) Emissions 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.
Insights into Signify's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Signify amounted to 204,335 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 Signify decreased by 26.31%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Signify's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Signify's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Signify were 85,582 metric tons of CO₂ equivalent (tCO₂e). a
Has Signify reduced its Scope 1 emissions over time?
Since 2019, Signify's Scope 1 emissions have decreased by 49.03%, reflecting a declining long-term trend in Scope 1 emissions over time. a
Compared to the previous year (2023), Signify's Scope 1 emissions decreased by 42.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Signify's Scope 2 emissions?
In 2024, Signify reported Scope 2 greenhouse gas (GHG) emissions of 0 tCO₂e using the market-based method and 118,753 tCO₂e using the location-based method. a
Has Signify reduced its Scope 2 emissions over time?
Since 2019, Signify's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 34.41%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Signify's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Signify 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Signify use for Scope 2 reporting?
In 2024, Signify reported its Scope 2 emissions using the market-based method and using the location-based method. a
Signify's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Signify's Value Chain Emissions
In 2024, Signify reported 163,807,965 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 Signify includes a breakdown across 9 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
Signify's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Signify's Scope 3 emissions?
In 2024, Signify reported total Scope 3 emissions of 163,807,965 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0.51% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.49% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Signify reduced its Scope 3 emissions over time?
Since 2019, Signify's Scope 3 emissions have decreased by 60.52%, reflecting a declining long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Signify's Scope 3 emissions decreased by 14.98%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Signify disclose?
In 2024, Signify reported emissions for 9 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.
What are the main sources of Signify's Scope 3 emissions?
In 2024, the largest contributors to Signify's Scope 3 emissions were: a
- Use of Sold Products (Cat. 11): 162,886,237 tCO₂e (99.48%)
- Purchased Goods and Services (Cat. 1): 671,584 tCO₂e (0.41%)
- Upstream Transportation and Distribution (Cat. 4): 74,230 tCO₂e (0.05%)
Signify's Scope 3 Emissions by Categories
Insights into Signify’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Signify reported Scope 1 greenhouse gas (GHG) emissions of 85,582 tCO₂e and total revenues of USD 6,392 millions. This translates into an emissions intensity of 13.39 tCO₂e per millions USD. a
Signify's Scope 1 Emissions Intensity Compared to Peers
How does Signify's GHG emissions intensity compare to its peers?
In 2024, Signify reported a Scope 1 emissions intensity of 13.39 tCO₂e per millions USD. Compared to the peer group median of 9.07 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does Signify rank on GHG emissions intensity within its industry?
In 2024, Signify ranked 16 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Signify is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Signify's Total Carbon Footprint
In 2024, Signify reported a total carbon footprint of 164,012,300 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Signify's total carbon footprint was Scope 3 emissions, accounting for 99.88% of the company's total carbon footprint, followed by Scope 2 emissions at 0.07%. a