Philips again recognized for its commitment to action on climate change
December 08 2020 - 06:00AM
Philips again recognized for its commitment to action on climate
change
December 8, 2020
Philips achieves CDP ‘A List’ rating for the eighth consecutive
year for its action on climate change, with strong commitments and
performance on cutting greenhouse gas emissions, mitigating climate
risks and developing the low-carbon economy
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG,
AEX: PHIA), a global leader in health technology, today announced
that global not-for-profit charity CDP has once again recognized
Philips for its corporate leadership on environmental performance
and transparency. Recognized for its actions to cut emissions,
mitigate climate risks and develop the low-carbon economy, Philips
has secured a place on CDP’s prestigious ‘A List’ for tackling
climate change for the eighth consecutive year.
CDP is a global not-for-profit charity that ‘supports companies,
cities, states and regions to measure and manage their risks and
opportunities on climate change, water security and
deforestation’[1]. Its annual environmental disclosure and scoring
process is widely considered the gold standard of corporate
environmental transparency. CDP’s scoring methodology assesses
companies on the comprehensiveness of their disclosure, awareness
and management of environmental risks and demonstration of best
practices associated with environmental leadership, such as setting
ambitious and meaningful targets.
“As a purpose-led innovation company, we have made
sustainability a cornerstone of how we innovate and how we do
business,” said Frans van Houten, CEO of Royal Philips. “Thanks to
the creativity, inspiration and determination of our 80,000+
employees, we are united in our ambition to deliver meaningful
innovation to make the world healthier and more sustainable. I am
proud that our commitment to action on climate change has once
again been recognized with a place on CDP’s A-List.”
Philips is currently completing its ‘Healthy people, Sustainable
planet’ 2016 - 2020 program, and is set to achieve all of the
program’s ambitious targets by the end of the year. These include
becoming carbon neutral in its own operations and generating 15% of
its sales from circular economy solutions. To further build on
these achievements, Philips launched a new framework for doing
business responsibly and sustainably comprising a comprehensive set
of targets and commitments across the Environmental, Social and
Corporate Governance (ESG) dimensions. The scope of its
environmental pledges includes commitments to source 75% of its
total energy consumption (including fuel) from renewable sources,
increase its circular economy revenues to 25% of sales, and send
zero waste to landfill by 2025. Philips will also work with its
suppliers to reduce the environmental footprint of its entire
supply chain in line with the Paris Agreement 1.5oC global warming
scenario.
Philips’ track record of doing business responsibly and
sustainably has not gone unnoticed. For example, the company has a
top position in the Sustainalytics rankings and was awarded second
place in the Wall Street Journal’s 100 Most Sustainably Managed
Companies in the World. Recently, Philips was once again recognized
as a leading company for sustainability performance in the global
2020 Dow Jones Sustainability Indices list.
[1] https://www.cdp.net/en/info/about-us/what-we-do
For further information, please contact:
Ben ZwirsPhilips Global Press OfficeTel.: +31 6 15213446E-mail:
ben.zwirs@philips.com
Derya GuzelPhilips Investor RelationsTel.: +31 20 59
77055E-mail: derya.guzel@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG, AEX: PHIA)
is a leading health technology company focused on improving
people's health and well-being, and enabling better outcomes across
the health continuum – from healthy living and prevention, to
diagnosis, treatment and home care. Philips leverages advanced
technology and deep clinical and consumer insights to deliver
integrated solutions. Headquartered in the Netherlands, the company
is a leader in diagnostic imaging, image-guided therapy, patient
monitoring and health informatics, as well as in consumer health
and home care. Philips generated 2019 sales of EUR 19.5 billion and
employs approximately 81,000 employees with sales and services in
more than 100 countries. News about Philips can be found at
www.philips.com/newscenter.
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