Philips

Philips reported gross GHG emissions (Scope 1 + 2 before carbon offsets) for the twelve months ending 31 December 2022 at 25 Kt (-5 /-16.7% y-o-y). Also positively, carbon intensity was down at 1.3 t (-0.2 /-13.3% y-o-y).

Philips's Scope 3 emissions declined to 413 Kt (-76 /-15.5% y-o-y). This is a higher rate of decline than over the period since 4Q'17 (-9.6% CAGR).

The company has not set a company-wide target for an absolute reduction in GHG emissions yet.

Philips also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Global health technology company Koninklijke Philips NV commits to reduce absolute scope 1 and scope 2 GHG emissions 75% by 2025 and 90% by 2040 from a 2015 base year. Koninklijke Philips NV also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, business travel, downstream transportation & distribution and use of sold products 42% by 2030 from a 2020 base year.