July 2, 2018

Philips Foundation publishes 2017 Annual Report

Milestone of 100+ projects providing access to quality healthcare for disadvantaged communities worldwide

Amsterdam, the Netherlands – The Philips Foundation, set up by Royal Philips (NYSE: PHG; AEX: PHIA) as part of its mission to improve the lives of 3 billion people a year by 2025, today announced the publication of its 2017 Annual Report. The report highlights the achievements and progress of the foundation in 2017 including ongoing collaborations with international organizations; enhanced support for local NGO projects; active encouragement of social entrepreneurship; and expansion of Philips’ employee volunteer program. The Philips Foundation has funded and supported more than 100 projects across the world to date, with the objective of reducing healthcare inequality by providing access to quality healthcare for disadvantaged communities.

“By providing financing, expertise and practical support, we went a long way in 2017 towards fulfilling our mission of reducing inequality in healthcare access and helping to meet United Nations Sustainable Development Goal 3 – ensuring healthy lives and promoting wellbeing for all at all ages,” said Margot Cooijmans, Director Philips Foundation. “Building on the shared success we’ve experienced since forming the foundation in 2014, we have now helped to initiate over 100 projects in more than 40 countries, touching the lives of over 6.5 million disadvantaged people by giving them access to quality healthcare when they need it most.”

Building on the shared success we’ve experienced since forming the foundation in 2014, we have now helped to initiate over 100 projects in more than 40 countries, touching the lives of over 6.5 million disadvantaged people by giving them access to quality healthcare when they need it most.

Margot Cooijmans

Director Philips Foundation.

Strategic collaborations at global and local level

The Philips Foundation continues to support global projects, working with the International Committee of the Red Cross (ICRC), UNICEF, Amref Flying Doctors and others to develop innovative approaches that improve access to healthcare, especially in low-resource settings. Other initiatives that took the foundation over its 100-project milestone included projects with local organizations in all markets where Philips operates. These projects encompass mother and child care, diagnostic technology for cardiology and oncology, respiratory care, and education around healthy living.

Social entrepreneurship

The Philips Foundation works with Ashoka, the largest global network of leading social entrepreneurs. Jointly, the parties started the Accelerating Healthcare Access (AHA!) initiative as a movement between Philips Foundation and social entrepreneurs to address United Nations Sustainable Development Goal 3 (SDG 3) by scaling social innovation. Ashoka social entrepreneurs – selected for their ability to bring about systemic change and increase access to healthcare – are helped to achieve their goals with support from the skills and expertise of talented and seasoned business leaders from Philips.

Employee engagement

To give Philips’ own employees a better understanding of the needs of the people the foundation seeks to serve, The Philips Foundation helps coordinate the activities of Philips’ employee volunteering scheme, combining the capabilities of 74,000 employees on shared healthcare goals.

To read the full Annual Report, please click here.

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2017 sales of EUR 17.8 billion and employs approximately 74,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About The Philips Foundation

The Philips Foundation is a registered charity that was established in July 2014 as the central platform for Philips’ CSR activities. Reflecting our commitment to United Nations Sustainable Development Goals 3 (Ensure healthy lives and promote well-being for all at all ages) and 17 (Revitalize the global partnership for sustainable development), the mission of the Foundation is to reduce healthcare inequality by providing access to quality healthcare for disadvantaged communities. We do this by deploying Philips’ expertise, innovative products and solutions, by collaborating with key partners around the world and by providing financial support for the collaborative activities.