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.
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.
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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