With its global presence, strong informatics platforms, ambulatory monitoring and imaging data, and personal health offerings, as well as strong capabilities to support care across settings, the company is well positioned to help improve people’s health and healthcare outcomes, and make care more convenient and sustainable, both in the hospital and the home.
As a global leader in health technology, SDG3 remains a key focus. However, as taking care of the planet is an important part of improving people’s lives, Philips also actively addresses SDG12: Responsible Consumption and Production and SDG13: Climate Action. To reduce the extraction of finite natural resources, the company is committed to circular economy solutions that retain value and minimize waste. For example, Philips’ Circular Edition portfolio allows customers to benefit from refurbished, upgraded and quality-tested technology at a lower cost. As part of Philips’ ambition to close the loop for all professional equipment by 2025, over 3,400 systems were traded in by customers in 2022. By 2025, Philips aims to generate 25% of the company’s total revenue from circular propositions, with 100% of its products designed using Philips’ whole lifecycle EcoDesign principles.
In terms of action to mitigate climate change, the company has been carbon neutral in its operations since 2020, and its supplier sustainability program is helping achieve carbon neutrality throughout its supply chain. Using the expertise and knowledge base Philips has built up, it is now also helping healthcare system customers - global healthcare systems account for 4.4% of global CO₂ emissions  - to decarbonize their operations. For example, Philips is supporting Champalimaud Foundation in Portugal to halve its diagnostic imaging carbon footprint by 2028.