Guided by our purpose, we aim to improve 2 billion lives per year by 2025, and 2.5 billion by 2030. It is our strategy to lead with innovative solutions, helping our customers deliver on the Quadruple Aim – better health outcomes, a better experience for patients and staff, lower cost of care – and helping people take better care of their health and well-being.
In 2020, our products and solutions improved the lives of 1.53 billion people worldwide.
We aim to be the best place to work for our employees, providing opportunities for learning and development, embracing diversity and inclusion, and assuring a safe and healthy work environment. We pay at least a living wage.
Our commitment to improve people’s lives through meaningful innovation extends to our supply partners. Through our supplier development program we aim to improve the lives of 1,000,000 workers in our supply chain by 2025.
We actively support the communities in which we operate, e.g. through volunteering, internships, and STEM (Science, Technology, Engineering, Mathematics) initiatives. We consider our tax payments to be part of our social value creation.
We also contribute to the Philips Foundation, which aims to provide access to quality healthcare for disadvantaged communities.
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