Responsible sourcing of minerals policy and due diligence

Philips is committed to responsible sourcing of minerals and conducts risk based due diligence to help prevent contributing to serious human rights abuses, unlawful practices or other significant adverse impacts associated with mineral extraction, transport, and trade.

This commitment is set out in Philips’ Responsible Minerals Sourcing Policy, which extends our Human Rights Policy, General Business Principles, Procurement Code of Ethics, and Supplier Sustainability Declaration into our upstream supply chain. The policy is informed by the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict Affected and High Risk Areas.

Philips’ due diligence program applies to tin, tantalum, tungsten, gold (3TG), and cobalt in products and materials supplied to Philips. As a downstream company, Philips does not directly source minerals but seeks to influence responsible sourcing practices through supplier engagement, industry collaboration, and recognized assurance mechanisms (Responsible Minerals Assurance Program).

Philips reports annually on its conflict minerals due diligence program in line with applicable regulatory requirements, including its Conflict Minerals Report filed with the U.S. Securities and Exchange Commission.

Beyond due diligence – multi‐stakeholder initiatives and on-the-ground projects

From our position in the supply chain as a downstream company, we believe that a multi-stakeholder collaboration in the responsible sourcing of minerals is the most viable approach for addressing the complexities of minerals value chains.

Responsible Minerals Initiative (RMI)

Responsible Minerals Initiative (RMI)

Cooperation amongst different tiers in the supply chain, as well as amongst different industries that use the same metals, is crucial in effectively breaking the link between mining and conflict financing in the DRC. This is why Philips actively contributes to the Responsible Minerals Initiative, which brings together the electronics, automotive, and other industries to improve conditions in the extractives industry. We continue to engage with other stakeholders including the European Parliament as well as local and international NGOs.
European Partnership for Responsible Minerals (EPRM)

European Partnership for Responsible Minerals (EPRM)

Philips is a founding partner and strategic member of the European Partnership for Responsible Minerals (EPRM) since its inception in May 2016. EPRM is a multi-stakeholder partnership between governments, companies, and civil society actors, working toward more sustainable minerals supply chains. EPRM is an accompanying measure to the EU Conflict Minerals Regulation dedicated to making real change ‘on the ground’. Through EPRM, Philips financially supports activities and on-the-ground projects to improve responsible mining practices in mining areas in CAHRAs and shares our knowledge and practice in conducting due diligence. It is also an active participant of multiple strategic working groups that aim to strengthen dialogues between pillars and foster cross-sector learning and due diligence capacity building.

Responsible sourcing of minerals policy and due diligence

Beyond due diligence – multi‐stakeholder initiatives and on-the-ground projects

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