Philips increases sales of Green Products to 54% of total sales

February 23, 2016

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHI) today reported further progress in its sustainability performance in 2015 with Green Product revenue increasing to EUR 13 billion, now representing 54% of total revenue [1]. In 2015, Philips invested EUR 495 million in Green Innovation and reduced its carbon footprint by 7% compared to 2014.


“We again delivered on our sustainability commitments, driven by our EcoVision program, showcasing the success of our continued focus to deliver on our mission and vision to improve people’s lives with our meaningful innovations,” said Frans van Houten, CEO of Royal Philips. “We improved the lives of 2 billion people [2] around the world in 2015, and I am proud that we will continue with the next 5-year sustainability program that we will announce in the second quarter of 2016.”


Philips was recognized in 2015 as a world leader for corporate action on climate change, achieving a perfect score in the CDP Climate Change survey for the third year in a row, and being named Leader in the Industrial Conglomerates category in the Dow Jones Sustainability Index. At the 2015 Paris climate conference, Philips committed to making its operations carbon neutral by 2020.


In 2015, Philips increased the level of materials delivered for recycling to 83% of its total waste, up from 80% in 2014. The company also continued its sustainability drive across its portfolio. For example, Healthcare added an energy-efficient CryoCompressor to its MRI systems, with energy savings in various non-scanning modes of 30-40%. In Lighting, Los Angeles became the first city in the world to control its street lighting through an advanced Philips management system that uses mobile and cloud-based technologies, leading to significant energy efficiency benefits. In Consumer Lifestyle, continued green investments resulted in high Green Product sales in all business groups.


The Philips 2015 sustainability update is an integral part of the Philips 2015 Annual Report.
 

[1] Green Products need to prove leadership in at least one Green Focal Area compared to industry standards. Green Focal Areas are: Energy efficiency, Packaging, Hazardous substances, Weight, Recycling and disposal and Lifetime reliability.

[2] Market intelligence and statistical data are used for the number of people touched by our solutions that contribute to a healthy life or a sustainable planet. The average time these solutions are used is then multiplied by the number of solutions delivered in a year. After elimination of double counts, this results into the number of lives improved.

For further information, please contact:

Ruud Stijnman
Philips Group Communications
Tel.: +31 6 1533 2220
E-mail: ruud.stijnman@philips.com

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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 2015 sales of EUR 24.2 billion and employs approximately 104,000 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.

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About EcoVision

Philips’ EcoVision program comprises key performance indicators in the areas of improving people’s lives, Green Product sales, Green Innovation (incl. Circular Economy), Green Operations, Health & Safety and Supplier Sustainability.

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