Evaluated across the Environmental, Social and Governance & Economic dimensions of DJSI’s sustainability review, Philips received the maximum scores (100/100) in the Environmental reporting, Health outcome contribution and Social reporting categories. In addition, Philips leads the industry in among others the
“I am very pleased that our actions to do business responsibly and sustainably continue to be recognized by the Down Jones Sustainable Index,” said
Comprehensive ESG framework
Philips employs a comprehensive set of commitments across all the Environmental, Social and Governance (ESG) dimensions to guide the execution of company strategy and support its contribution to the UN Sustainable Development Goals. Philips is already carbon neutral in its operations and is set to further reduce its CO2 emissions in line with 1.5°C global warming. The company also set ambitious circular economy objectives, such as generating 25% of its revenue from circular products, services and solutions. As part of the company's 2025 target to improve the lives of 2 billion people a year, Philips is committed to improving access to care for 300 million people in underserved communities.
Philips was the first health technology company to have its carbon emission targets for the 2020 - 2040 period assessed and approved by the Science-Based Targets initiative (STBi). Philips received further recognition for its ESG performance, achieving top positions in Sustainalytics rankings and eight consecutive years on the CDP Climate Change A-list. In
For further information, please contact:
Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com
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
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