ReportAlert.info - Philips (AMS:PHIL) Publishes 2014 Integrated Annual Report
The company increases sales of Green Products to 52% of total sales and achieves its Green Innovation target one year ahead of schedule.
February 24, 2015 /3BL Media/ - Philips increases sales of Green Products to 52% of total sales and achieves its Green Innovation target one year ahead of schedule
Philips has published data on its 2014 sustainability activities as part of its integrated annual report, covering its financial, social and environmental performance.
The company announced that it made solid progress in its EcoVision program which sets sustainability performance targets for the end of 2015.
Highlights of the year include:
- Green Product sales increased to EUR 11.1 billion in 2014, representing 52% of total sales
- Invested €463m in Green Innovation dedicated to addressing global challenges related to care, materials and energy efficiency. Philips achieved its EUR 2 billion Green Innovation EcoVision program investment target a year ahead of time.
- Improved the lives of 1.9 billion a year in 2014.
- Expanded its efforts in circular economy and opened a new refurbishment center for medical imaging systems in Best, The Netherlands.
- Incorporated circular economy thinking into their products and launched the SENSEO® Up coffee machine, which effectively incorporates 13% of recycled plastics into its product design.
- Included 13,000 tons of recycled content in its products by focusing on the material streams plastics, aluminium, refurbished products, and spare parts harvesting.
- Recognized as industry leader in the 2014 Carbon Disclosure Project (CDP), scoring an “A” for performance.
The Philips 2014 sustainability update is an integral part of the Philips 2014 Annual Report, available at: www.2014.annualreport.philips.com
For further information, please contact philips.sustainability@philips.com
About Royal Philips:
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 105,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.
