Philips once again ranked among the world’s top global companies for its commitment to action on climate change
January 20 2020 - 4:00AM
January 20, 2020
- Philips on CDP Climate Change A-list for seventh year
running
- Philips recognized for its actions to reduce emissions,
mitigate climate risks and develop the low-carbon economy
Amsterdam, the Netherlands – Royal Philips
(NYSE: PHG, AEX: PHIA), a global leader in health technology, today
announced that it has once again been placed on the CDP Climate
Change A List [1], making this the seventh consecutive year it has
achieved a CDP A-list ranking for its leadership in corporate
climate action.
CDP is a not-for-profit organization that runs a global
disclosure system for investors, companies, cities, states and
regions to help manage their environmental impact. The organization
assesses a company’s environmental impact disclosure data against a
scoring methodology that rates them on a scale of A to D, with A
being the highest possible achievement. Based on its 2019
disclosure to CDP, Philips has been recognized for its actions
during the last reporting year to reduce emissions, mitigate
climate risks and develop the low-carbon economy.
“The results of the World Economic Forum’s latest Global Risks
Report, that environmental threats rank in the top five risks for
the coming decade, confirm the concerns we are all having about the
devastating effects of climate change,” said Frans van Houten, CEO
of Royal Philips. “That’s why Philips is constantly innovating, not
only to deliver affordable outcome-focused health technology
solutions that will help to achieve universal health coverage, but
also to make sure we do it in a sustainable way that minimizes our
carbon footprint and natural resource consumption.”
To achieve its vision of making the world healthier and more
sustainable through innovation with the goal of improving the lives
of 3 billion people a year by 2030, Philips focuses its activities
on three key UN Sustainable Development Goals – SDG3 health
and wellbeing for all, SDG12 sustainable consumption and
production, and SDG13 action on climate change. The company is
committed to having 95% of its business revenues linked to these
SDGs by the end of 2020.
Philips’ drive for affordable and effective healthcare delivery
is based on a shift from volume-based care (payment per procedure)
to value-based care (the best health outcomes for a given cost),
using advanced digital technologies such as artificial intelligence
and predictive analytics to improve diagnostic accuracy and
treatment efficacy, enhance population health management, and
maximize the efficient use of resources.
Its strategy for sustainability and action on climate change is
embedded in its business model on both the procurement side – for
example, through the purchase of green energy – and on the customer
side through implementation of circular economy solutions. Philips
is now powering 100% of its Netherlands operations with renewable
energy, matching the 100% renewable energy target already achieved
in the company’s US operations. The company is also on track to
deliver on the circular economy commitment it made at the 2018 WEF
Annual Meeting that by 2020 the company will take back and
repurpose all the large medical systems that its customers are
prepared to return to it. As witnessed by CEO Frans van Houten’s
co-chairmanship of PACE (Platform for Accelerating the Circular
Economy), the circular economy is central to Philips’ vision of
making the world healthier and more sustainable through
innovation.
“Congratulations to the companies that achieved a position on
CDP’s A List this year, for leading in environmental performance
and transparency,” said Paul Simpson, CEO of CDP. “The scale of the
business risks from the climate emergency, deforestation and water
insecurity are vast – as are the opportunities from addressing them
– and it’s clear the private sector has a vital role to play at
this critical time. The A List companies are leading the market in
corporate sustainability, tackling environmental risks and setting
themselves up to thrive in tomorrow’s economy.”
CDP’s scoring methodology assesses companies on the
comprehensiveness of their disclosure, their awareness and
management of environmental risks, and their demonstration of best
practices associated with environmental leadership, such as setting
ambitious and meaningful targets.
Information on Philips’ sustainability strategy and its ‘Healthy
people, sustainable planet’ program can be found here.
[1] The Climate Change A List is published by CDP each
year, alongside A Lists for leadership on protecting forests and
water security. The full list of companies that made this year’s
CDP Climate Change A List is available, along with other publicly
available company scores, at
https://www.cdp.net/en/companies/companies-scores.
For further information, please contact:
Joost MalthaPhilips Global Press OfficeTel.: +31 6 10 55
8116E-mail: joost.maltha@philips.com
Ben ZwirsPhilips Global Press OfficeTel.: +31 6 15 2134
46E-mail: ben.zwirs@philips.com
About Royal PhilipsRoyal Philips (NYSE: PHG,
AEX: PHIA) is a leading health technology company focused on
improving people's health 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 2018 sales of EUR 18.1 billion and
employs approximately 80,000 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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