Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in #health technology, today announced that it successfully met all the targets set out in its 2016 - 2020 ‘Healthy #people, Sustainable planet’ program. Key achievements of the program include carbon neutrality in its operations, 100% electricity from renewable sources, over 70% of sales from #green Products and Services , 15% of sales coming from circular revenues, recycling 90% of its operational waste, and sending zero waste to landfill.
I am pleased that we have delivered on all the targets set out in our Healthy #people, Sustainable planet program, making #philips one of the first #health technology companies in the world that has become #carbonneutral in its operations.
Frans van Houten
CEO of Royal Philips
“I am pleased that we have delivered on all the targets set out in our Healthy #people, Sustainable planet program, making #philips one of the first #health technology companies in the world that has become #carbonneutral in its operations,” said #fransvanhouten, CEO of Royal #philips. “Our current integrated ESG framework builds on this success, and we are determined to join forces with all necessary stakeholders, public and private, to drive environmental, #social and governance priorities and generate global impact. With the COVID-19 pandemic and #climatechange exposing the risks in terms of people’s #health and access to quality healthcare, we are committed to building inclusive and resilient healthcare systems, while reducing our dependency on natural resources.”
Philips’ Environmental, #social and Governance update is an integral part of the #philips Annual Report 2020, which was published earlier today. Highlights include:
Raising the bar
As part of its ongoing commitment to making the world healthier and more sustainable through innovation, #philips will continue to build on the success of the program with an enhanced and fully integrated approach to doing business responsibly and sustainably. As announced last September, this new framework comprises a comprehensive set of targets, commitments and action plans across all the Environmental, #social and Governance dimensions that will drive further growth while acting responsibly towards the planet and society.
Human Rights Report
Today, #philips also published its latest Human Rights Report 2020, which contains information about the company’s progress with regard to identifying and mitigating (potential) adverse human rights impacts in Philips’ own operations and its value chain. Moreover, #philips issued new policy statements on human rights, fair employment, and inclusion and diversity, covering aspects such as equal opportunity, fair and equal pay, workplace harassment/intimidation, child labor, forced labor, and working time directives.
Philips received further recognition for its ESG performance: top positions in the Dow Jones Sustainability Index, and Sustainalytics rankings; eight consecutive years on the CDP #climatechange A-list; greenhouse gas reduction targets approved by the Science Based Targets initiative. #philips also achieved second place in 2020 on Wall Street Journal’s 100 Most Sustainably Managed Companies in the World.
 #green Revenues are generated through products and solutions that offer a significant environmental improvement in one or more #green Focal Areas: Energy efficiency, Packaging, Hazardous substances, Weight, Circularity, and Lifetime reliability. #green Revenues increased to EUR 13.9 billion in 2020, or 71.0 % of sales (67.2% in 2019), reaching a record level and exceeding the 2020 target of 70%.
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