Philips Foundation 2023 Annual Report: unlocking quality medical services for over 28 million people in underserved communities
May 21 2024 - 9:00AM
May 21, 2024
- Progress towards Philips Foundation’s 2030 target of 100
million lives improved in underserved communities each year
- 17 new initiatives with strategic partners and 4 new
investments in health tech enterprises that leverage Philips'
expertise in early screening and diagnosis
- Strategy focused on building local ecosystems that provide
reliable, sustainable solutions to healthcare delivery issues in
underserved communities
Amsterdam, the Netherlands – Philips
Foundation, with its mission to provide access to quality
healthcare for 100 million people a year in underserved communities
by 2030, today announced the publication of its 2023 Annual Report.
Philips Foundation and its partners provided access to quality
healthcare for over 28 million people in 2023 – an increase
demonstrating the foundation’s progress towards its 2030
target.
The consolidated report of Philips Foundation and its social
impact investment vehicle, Philips Foundation Impact Investments
B.V., showcases 22 ongoing and new initiatives executed in 2023 in
partnership with NGOs, government entities, universities, and
social enterprises. The new projects leveraging Philips’ expertise
in healthcare technology and the new investments in innovative,
high-impact health tech enterprises, show Philips Foundation’s
commitment to improving access to healthcare for underserved
communities.
“As newly appointed Chair of the Board of Philips Foundation, I
am honored to support the vital work of driving sustainable
development in healthcare, and look forward to the team building on
the significant contributions Philips Foundation and its partners
have made over the years. We can all be truly proud of the
improvements in people’s situations that we were able to accomplish
in 2023,” said Marnix van Ginneken, Chair of the Board of
Philips Foundation.
Philips Foundation continues to prioritize equitable access to
mother and child health, non-communicable disease detection, and
prevention, acute and emergency care services, and being the
Philips platform for disaster response initiatives.
Building an ecosystem of innovative healthcare
solutionsCentral to Philips Foundation’s strategy is
fostering collaboration to improve healthcare access in underserved
areas, with an emphasis on early screening and diagnosis to reduce
mortality and morbidity. In addition to collaboration with NGOs,
universities, and government entities, Philips Foundation believes
that, through a supportive ecosystem, community-based social
enterprises can leverage digital innovations to lower costs while
delivering quality care.
To that purpose, Philips Foundation’s social impact investment
vehicle, Philips Foundation Impact Investments B.V., supported 13
social enterprises in 2023, creating an ecosystem to accelerate
their growth and impact. In 2023, four investments were made in
social enterprises, including three new investments and one
follow-on investment. Additionally, Philips Foundation’s
investments and network facilitated five co-investments.
“Social entrepreneurship goes beyond financial returns. It
involves adding value for people and protection for the planet.
Considering the challenging socio-economic conditions typical of
underserved populations, we focus on the viability of our
initiatives and their envisioned impact, helping create lasting
access to medical services that people can rely on,” said
Margot Cooijmans, Director of Philips Foundation.
“Looking forward, building an interconnected ecosystem of diverse
organizations is essential to drive the innovation and
collaboration needed to reach our goal of providing access to
quality healthcare to 100 million people in underserved communities
a year by 2030.”
To read the full Annual Report, click here. For further
information, please contact:
Yannick EshuijsPhilips FoundationTel.: +31 6 1852 6633E-mail:
yannick.eshuijs@philips.com
About Philips Foundation
Philips Foundation is a registered non-profit organization
established in 2014 – with a mission to provide access to quality
healthcare for underserved communities across the globe. By
leveraging Philips’ capabilities and combining them with the
experience and expertise of non-governmental organizations and
other community-focused and impact-driven enterprises, Philips
Foundation helps create innovative pathways to open up affordable
healthcare for communities most in need. By also partnering with
innovative social entrepreneurs rooted in the local ecosystem,
Philips Foundation aims to increase access to healthcare for 100
million people a year by 2030. More information can be found at
www.philips-foundation.com
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