Signify NV 2024 AR2
The report highlights Signify's transition to a new organizational structure with four verticalized businesses in 2024, enhancing customer focus and specialization. Despite macroeconomic challenges, the company achieved a stable profit margin, strong free cash flow of EUR 438 million, and reduced its net debt to EUR 920 million. In sustainability, Signify launched its Climate Transition Plan aiming for net-zero emissions by 2040 and achieved 35% circular revenues and 33% brighter lives revenues, tracking ahead of its 2025 targets. Additionally, the company successfully settled its main US defined benefit pension plan, strengthening its balance sheet.
Company: Signify NV
Sector: Industrials
Country: Netherlands
Year: 2024
Type: AR2
Pages: 245
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Signify NV
Annual Report
The report highlights Signify's transition to a new organizational structure with four verticalized businesses in 2024, enhancing customer focus and specialization. Despite macroeconomic challenges, the company achieved a stable profit margin, strong free cash flow of EUR 438 million, and reduced its net debt to EUR 920 million. In sustainability, Signify launched its Climate Transition Plan aiming for net-zero emissions by 2040 and achieved 35% circular revenues and 33% brighter lives revenues, tracking ahead of its 2025 targets. Additionally, the company successfully settled its main US defined benefit pension plan, strengthening its balance sheet.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees