Company

How we create value for our stakeholders

How we create value
The ‘Creating value for our stakeholders’ diagram, based on the International Integrated Reporting Council framework, shows how – with the Philips Business System at the heart of our endeavors – we use six different forms of capital to drive value in the short, medium and long term.

Capitals

Human
Human
We employ diverse and talented people and give them the skills and training they need to ensure their effectiveness and their personal development and employability.
Intellectual
Intellectual
We apply our innovation and design expertise to create new products and solutions that meet local customer needs.
Financial
Financial
We generate the funds we need through our business operations and where appropriate raise additional financing from capital providers.
Manufacturing
Manufacturing
We apply Lean techniques to our manufacturing processes to produce high-quality products. We manage our supply chain in a responsible way.
Natural
Natural
We are a responsible company and aim to minimize the environmental impact of our supply chain, our operations, and our products and solutions.
Social
Social
We contribute to our customers and society through our products and solutions, our tax payments, the products and services we buy, and our investments in local communities.