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.”