“I am pleased that our drive to embed sustainability in our solutions and the way we do business has once again been recognized by the Dow Jones Sustainability Indices,” said Robert Metzke, Head of Sustainability at Philips. “Sustainability is an integral part of our company strategy, because of its benefits to our customers and society, and because we believe it drives innovation and long-term economic growth. I am proud of our track record of continuous improvement, and proud of the way everyone in Philips is working hard to further enhance our sustainability performance.”
With its focus on access to care, the circular economy and climate action, Philips’ Healthy people, Sustainable planet program is already helping the company to deliver on its 2020 commitments to become carbon neutral in its operations, to grow its Green Revenues to 70% of sales, and to have 15% of its revenues generated through circular economy driven propositions.
Philips’ efforts have also received notable recognition in other sustainability indexes. The company was ranked #1 on Fortune’s inaugural Sustainability All Stars list, awarded the Dutch ‘Crystal Prize’ for leading change in supply chain sustainability, and included in the CDP Climate Change A List for the sixth consecutive time.
* S&P Dow Jones Indices, one of the world's leading index providers, together with SAM, the business unit within RobecoSAM, which specializes in providing Environmental, Social, and Governance (ESG) data, ratings, and benchmarking, announced the results of the annual DJSI review on September 13, 2019. The SAM Corporate Sustainability Assessment (CSA) is one of the longest standing ESG rating methodologies worldwide, dating back to 1999. It assesses companies based on 80 – 120 industry-specific questions across 61 industries focusing on financially material economic, environmental, and social factors that are relevant to companies’ success, but that are under-researched in conventional financial analysis.