Philips again recognized with prestigious ‘A’ score for its climate action leadership
07 December 2021 - 8:00PM
Philips again recognized with prestigious ‘A’ score for its climate
action leadership
December 7, 2021
Amsterdam, the Netherlands – Royal Philips (NYSE: PHG,
AEX: PHIA), a global leader in health technology, today announced
that the company has been recognized for its climate action
leadership by global environmental non-profit CDP. Thanks to its
actions to cut emissions, mitigate climate risks, and develop the
low-carbon economy, Philips has secured a place on CDP’s ‘A List’
for the ninth consecutive year.
“With health systems and consumers increasingly committed to
making more sustainable choices and to climate action, we remain
convinced that doing business sustainably is the only way forward,”
said Frans van Houten, CEO of Royal Philips. “Our ongoing actions
to embed sustainability in our solutions, our operations and across
the supply chain, have once again been recognized with a place on
CDP’s prestigious benchmark. I am proud that the creativity and
inspiration of our global workforce continues to make a difference
in creating a healthier and more sustainable world.”
CDP’s annual environmental disclosure and scoring process is
widely recognized as the gold standard of corporate environmental
transparency. Its scoring methodology assesses companies on the
comprehensiveness of their disclosure, awareness and management of
environmental risks and demonstration of best practices associated
with environmental leadership, such as setting ambitious and
meaningful targets.
Global recognition To achieve its vision of making the
world healthier and more sustainable through innovation, Philips
employs a comprehensive set of commitments across all the
Environmental, Social and Governance (ESG) dimensions that guide
the execution of company strategy. 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, for example by further
improving the energy efficiency of its products during the customer
use phase and teaming up with customers and stakeholders to
decarbonize healthcare. The company has also set ambitious circular
economy objectives, such as generating 25% of its revenue from
circular products, services and solutions by 2025. Philips is also
taking action to drive significant reduction of greenhouse gas
emissions in its supply chain.
The company’s longstanding commitment to doing business
responsibly and sustainably has received widespread recognition.
For example, Philips has achieved top positions in the global Dow
Jones Sustainability Indices and Sustainalytics rankings, and the
company was awarded a top ESG score of 90 out of 100 by
S&P Global Ratings. Moreover, 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).
More information about how Philips is partnering with
stakeholders to drive environmental, social and governance
priorities and make a global impact, is available here.
For further information, please contact:
Joost MalthaPhilips Global Press OfficeTel: +31 610 558
116Email: joost.maltha@philips.com
Derya GuzelPhilips Investor RelationsTel.: +31 20 59
77055E-mail: derya.guzel@philips.com
About Royal PhilipsRoyal 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 2020 sales of EUR 17.3 billion and
employs approximately 78,000 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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