Philips signs “Caring for Climate: “The Business Leadership Platform”— A Statement by the Business Leaders of the UN Global Compact

Thursday, July 05, 2007

 

Philips and business leaders from 153 companies worldwide have committed to speeding up action on climate change and called on governments to agree as soon as possible on measures to secure workable and inclusive climate market mechanisms post 2012, when the Kyoto Protocol expires.

 

The call was made in a business leaders statement called “Caring for Climate: The Business Leadership Platform,” issued at the UN Global Compact Leaders Summit convened by UN Secretary-General Ban Ki Moon in Geneva on July 5-6, 2007.

 

Barbara Kux, Member Group Management Committee, Chief Procurement Officer and Chair Sustainability Board, represented Philips at the event. “Sustainability has been on our agenda since our company was founded because it makes sense for business,” she said. “With the growing concerns about climate change, sustainability has now become even more important, evolving into a main business driver and strategic imperative.”

 

Take practical actions to increase energy efficiency

Signatories to the statement, including 30 from the Fortune Global 500, commit their companies to:

  • Taking practical actions to increase the efficiency of energy usage and to reduce the carbon burden of products, services and processes, to set voluntary targets for doing so, and to report publicly on the achievement of those targets annually.
  • Dealing with the climate issue strategically and building relevant capacity.
  • Working collaboratively with other enterprises on a sector basis and along their global supply chains, promoting recognized standards and taking joint initiatives to reduce climate risks.

 

Philips supports the statement

Referring to a recent CO2 reduction study by McKinsey, Barbara Kux explained: “It has been identified that energy efficient lighting is one of the most important low-cost solutions for greenhouse gas reduction. Switching the older lighting currently installed globally to the latest technology would bring more than EUR 100 billion cost savings. You can therefore understand why providing energy efficient solutions in all markets we operate in have become an important part of our company strategy.”

 

She told the audience: “We believe that Green technologies, already available and in development, will enable us to address this major challenge, providing we do it together, business governments and non-governmental organizations. Only by cooperating together can we succeed, for instance by making a simple switch, and starting now.”

 

About “Caring for Climate”

The UN Global Compact, the United Nations Environment Programme (UNEP) and the World Business Council for Sustainable Development (WBCSD) facilitated the statement’s development. Philips has signed on to the UN Global Compact and has been a member of the WBCSD since 1993.

 

Also at the Leaders Summit, the UN Global Compact, UNEP and WBCSD jointly launched “Caring for Climate: Tomorrow’s Leadership Today,” which provides a collection of case studies of good practices by companies taking climate action.

 

Click here to read Barbara Kux’s speech