Philips Signs Health Care Sector Pledge to Reduce Emissions as part of Department of Health and Human Services, White House Initiative
July 01 2022 - 10:05AM
Business Wire
Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health
technology, today announced the company has joined an initiative
created by the Department of Health and Human Services (HHS), in
partnership with the White House, to address climate action through
the reduction of greenhouse gas emissions. Earlier this week at the
White House, Philips along with other health sector organizations
and administration leaders, participated in a roundtable discussion
about work being done to combat climate change and other
sustainable initiatives.
The U.S. health care system is responsible for approximately
8.5% of total U.S. carbon emissions, putting the onus on the
industry to minimize future environmental damage. The voluntary
pledge signees are asked to commit to: (1) reducing their
organization’s emissions (by 50% by 2030 and to net zero by 2050)
and publicly reporting on their progress; (2) completing an
inventory of Scope 3 (supply chain) emissions; and (3) developing
climate resilience plans for their facilities and communities. It
also asks them to designate an executive lead for this work.
“A healthy environment is vital for healthy human lives, making
this a critical initiative,” said Robert Metzke, global head of
sustainability for Philips. “At Philips, our purpose is to improve
2.5 billion lives a year by 2030 through meaningful innovation. We
have been addressing climate change for many years, teaming up with
our partners including our customers and suppliers. We applaud this
new HHS/White House initiative and are confident that this pledge
will inspire others to commit to take action against this
significant threat.”
Philips became carbon neutral in its operations at the end of
2020 and has remained so since then. The company became one of the
first health technology organizations to have its emission
reduction targets approved by the Science Based Target initiative
in 2018. Philips extended its ambitious action to combat climate
change to its supply chain, aiming to have at least 50% of its
supplier committing to science-based targets for CO₂ emission
reduction by 2025. The company has embedded sustainable efforts
across its business, generating 16% of revenue from circular
products, services and solutions, including new business model
innovation and digitalization.
Philips has been recognized for its environmental
accomplishments, noted as a leading company in the Dow Jones
Sustainability Indices as well as Wall Street Journal’s 100 Most
Sustainably Managed Companies in the World.
About Royal Philips
Royal 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 2021 sales of EUR 17.2 billion and
employs approximately 79,000 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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Silvie Casanova Philips North America Tel: +1 781.879.0692
E-mail: silvie.casanova@philips.com
Avi Dines Philips North America Tel: +1 781-690-3814 E-mail:
avi.dines@philips.com
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