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As a leading health technology company, it is our purpose is to improve people’s health and well-being through meaningful innovation, in line with UN SDG 3 ‘Ensure healthy lives and promote well-being for all at all ages’.
In pursuing this purpose, we act responsibly towards society and partner with our stakeholders.
In pursuing this purpose, we act responsibly towards society and partner with our stakeholders.
Social
As a leading health technology company, it is our purpose is to improve people’s health and well-being through meaningful innovation, in line with UN SDG 3 ‘Ensure healthy lives and promote well-being for all at all ages’.
In pursuing this purpose, we act responsibly towards society and partner with our stakeholders.
In pursuing this purpose, we act responsibly towards society and partner with our stakeholders.
Improving health and well-being the world over
Lives improved
Guided by our purpose, we aim to improve 2 billion lives per year by 2025, and 2.5 billion by 2030. To ensure we remain on track to achieve this goal, we have developed a model, audited externally, that tells us how many lives have been improved by our products and solutions in a given year.
In 2023, our products and solutions improved the lives of 1.88 billion people worldwide.
Expanding access to care
Our commitment to improve people’s health and well-being includes 300 million people in underserved communities by 2025, rising to 400 million by 2030. We are joining forces with ecosystem partners to deploy innovative solutions that can help create more resilient local healthcare systems.
Making Philips the best place to work
We aim to be the best place to work for our employees, providing opportunities for learning and development, promoting an inclusive workplace that reflects the diversity of our community through fair hiring and promotion practices, and assuring a safe and healthy work environment. We pay at least a living wage and aim for employee engagement above the high-performance norm.
Improving lives in our supply chain
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.
Community engagement
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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