Philips achieves its environmental, social and governance objective

Philips Offered an update to its main program Environmental, Social and Governance Achievements (ESG) in 2021, while continuing to provide innovative solutions from health technology all over the world. Means ESG Achievements for 2021 1.7 billion lives improved For Philips health and personal care products, services and solutions, 16 percent of sales were from round income and the carbon neutrality in their own operations.

Inspired by our purpose Improving people’s health and well-beingWe create solutions that achieve high impact, while doing business responsibly and sustainably.” Frans van HoutenCEO of Philips. “I am proud that we have once again delivered on our environmental, community and governance commitments, such as reaching 1.7 billion people with our products, services and solutions by 2021, including 167 million in disadvantaged communities. Driven by the creativity and hard work of our global workforce, We will continue to raise the level internally and with our partners throughout our value chain.”

The Philips Environmental, Social and Governance Modernization is an integral part of Annual Report 2021 for the company, which has just been published. The salient points are:

Environment:

• Circular revenue accounted for 16% of sales in 2021driven by Healthcare Informatics and services to improve the uptime and use of medical equipment, System and software updates To improve functionality and extend the useful life of equipment, reuse of refurbished parts and systems, as well as models product rental and operating leases. As part of Philips’ ambition to close the loop on all of its professional equipment by 2025, more than 3,000 systems have been returned to the company for disposal. Responsible recycling/reuse. In addition, Philips rReduce the amount of waste produced in its centers, achieving a 29 percent decrease compared to 2020, and reusing 87 percent of the waste generated.

• Although he is already neutral regarding carbon emissions In its own operations, Philips reduced residual emissions associated with the axle by 12 percent in 2021, by installing Solar Panels and make their buildings more energy efficient. The company also continued to transform into Low Carbon Transportation Modelsreduce its aviation-related emissions by establishing a stricter air transport policy, optimizing its warehouse locations and Electrify your fleet of rental vehicles.

• Philips stepped up Supplier Sustainability Program With the goal of getting at least 50% of its suppliers (based on spending) to commit to meeting scientific targets to reduce carbon dioxide emissions by 2025. This big push for Decarbonizing Your Supply Chain It would have a potential impact seven times greater than reducing CO2 emissions from Philips’ own operations. In 2021, 28 percent of Philips purchases were made from suppliers that met their CO2 reduction goals. The company’s suppliers’ commitment actions in relation to climate change have been Recognized by CDPa nonprofit environmental impact disclosure organization, for the fifth consecutive year in 2021.

social:

• Philips reached 1.7 billion people through its products and services in 2021, of whom 167 million were in disadvantaged communities (supported by the Philips Foundation), bringing the company closer to its work. Target to improve 2 billion lives annually by 2025 With 300 million in disadvantaged communities.

• As part of its commitments on Environment, Society and Governance, Philips aims to improve the lives of one million workers in its supply chain by 2025. Number of employees positively impacted at suppliers participating in Supplier Sustainability Program Philips’ number increased by about 430,000 in 2021.

• The average employee engagement score at Philips remained high at 79 percent, exceeding the Fortune 500 benchmark. Philips was Recognized in Forbes’ list of America’s Best Employers for 2021, ranked 135 Among the 500 largest companies in the United States according to an independent survey of employees.

• Philips has raised its commitment to gender diversity in senior management positions to 35 percent by the end of 2025, from its original commitment of 30 percent. In 2021, the percentage The proportion of women in senior leadership positions increased to 28 percent.

Verdict:

• All Philips ESG data is externally audited to the highest level, based on the company’s strong record of transparency in ESG plans, procedures and reports. Philips won an award Dutch Kristal 2021 Annual Transparency Award In preparing reports, specifically in relation to climate-related issues.

• For the second year, Philips has published its 2021 Country Tax and Activity Report, detailing this tax contributions In all countries in which it operates.

• On the occasion of United Nations Human Rights Day 2021, the company published the Philips Human Rights Report 2021, an update of Progress on major human rights issues Over the past year, along with the company’s plans for further improvement.